
Cheap Homes for Rent in Oglesby, IL from $500 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Oglesby.


220 7th St

1016 N Maple St

106 S 3rd Ave

809 Calhoun 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.

9 N Randolph St

407 E Seminole St

826 N Spalding St

118 E Canal St

101 Bannon Dr
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.
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 | $1,441 | $900 | $2,500 |
| Oglesby 3 Bedroom Homes for Rent | $2,280 | $1,500 | $4,000 |
| Oglesby 5 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
Browse Top Homes for Rent in Oglesby
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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 |
| Dixon River Apartments | 2BD/2BA | 2BR,1BA | $775 |
Best Value Apartments for Rent in Oglesby, IL and Nearby
As of June 27, 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 Signature 2 Bed / 1.5 Bath Model at The Grove Apartments starting at $1,275 with a $1.32 price per square foot in the Northmoor Knolls neighborhood. 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 |
| The Grove Apartments | Signature 2 Bed / 1.5 Bath | 2BR,1.5BA | $1.32 |
| 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 |
| Ashbury Court | 2B | 2BR,1BA | $1.30 |
| Versailles Apartments | Tradition - 1BR / 1BA | 1BR,1BA | $1.13 |
| Winkler Village Apartments | 1BD 1BTH | 1BR,1BA | $1.06 |
| 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 67 Apartments for Rent in Oglesby, IL with pricing that ranges from $656 to $4,000. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oglesby ranging from $550 to $4,000.
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 $550 to $4,000 with an average monthly rent of $1,614.
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.