
Cheap Homes for Rent in Oglesby, IL from $500 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Oglesby.


1108 Paul St

506-530 Main St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

407 E Seminole St

826 N Spalding St

1401 Bluff St
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

101 Bannon Dr
Oglesby, IL Local Guide

How much does it cost to rent a home in Oglesby?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Oglesby 2 Bedroom Homes for Rent | $1,524 | $900 | $2,900 |
| Oglesby 3 Bedroom Homes for Rent | $2,387 | $1,450 | $3,500 |
| Oglesby 4 Bedroom Homes for Rent | $2,247 | $2,000 | $2,495 |
| Oglesby 5 Bedroom Homes for Rent | $2,600 | $2,600 | $2,600 |
Browse Top Homes for Rent in Oglesby
Explore Oglesby
Oglesby, IL Local Guide
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Cheapest Available Oglesby Apartments for Rent and Nearby
 The cheapest available apartment rental in Oglesby, IL is a 1 Bed unit found at Colonial Village priced from $625. Winkler Village Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable Oglesby apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Colonial Village | 1 Bedroom | 1BR,1BA | $625 |
| Winkler Village Apartments | 1BD 1BTH | 1BR,1BA | $725 |
| Willow Knolls Apartments | Studio | Studio,1BA | $750 |
Best Value Apartments for Rent in Oglesby, IL and Nearby
As of May 13, 2026 the best value apartment in the Oglesby area is the $1.16 price per square foot 2x2 Model at Cedar Creek Apartments in the starting from $1,395. The second greatest value Oglesby apartment is the 3 BED 1 BATH Model at MEADOWS OF LUKE RIDGE starting at $757 with a $0.67 price per square foot . Here is today’s list of the best values for Oglesby apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Cedar Creek Apartments | 2x2 | 2BR,2BA | $1.16 |
| MEADOWS OF LUKE RIDGE | 3 BED 1 BATH | 3BR,1BA | $0.67 |
| 315 E 2nd St, Unit 315 E 2nd st Oglesby | 315 E 2nd St | 2BR,1BA | $1.27 |
| 811 Covey Ln | 1x1 | 1BR,1BA | $1.33 |
| The Mallard Way Rental Community | 1 bed 1 bath | 1BR,1BA | $1.22 |
| Phoenix Apartments of Pontiac | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.05 |
| Dixon River Apartments | 2BD/2BA | 2BR,1BA | $0.92 |
| Winkler Village Apartments | 1BD 1BTH | 1BR,1BA | $1.06 |
| Willis Senior Lofts | 1 Bedroom - Subsidized | 1BR,1BA | $1.24 |
| Colonial Village | 1 Bedroom | 1BR,1BA | $1.14 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Oglesby
What type of rentals are currently available in Oglesby?
There are currently 69 Apartments for Rent in Oglesby, IL with pricing that ranges from $656 to $4,001. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oglesby ranging from $500 to $3,500.
What is the current price range for Rental Homes in Oglesby?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Oglesby ranges from $500 to $3,500 with an average monthly rent of $1,828.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.