Cheap Apartments for Rent near Olmsted, IL from $425 (40 Rentals)

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Search the lowest-cost Apartments available for rent right now in Olmsted.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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710 W Mill St
2 Bedroom Apartments

710 W Mill St

710 W Mill StCarbondale, IL 62901
Student Housing
  • Smoke Free

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.

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Riverstone Apartments
1 to 3 Bedroom Apartments

Riverstone Apartments

430 Adams StPaducah, KY 42003
Corporate Housing
  • Utilities Included

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.

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Olmsted, IL Local Guide

Cheapest Available Olmsted Apartments for Rent and Nearby

 

The cheapest available apartment rental in Olmsted, IL is a Studio unit found at Campus Edge priced from $450. The Metropolitan has the second lowest priced unit, which is a Studio apartment currently listed from $495. Here is today’s list of the most affordable Olmsted apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Campus EdgeStudioStudio,1BA$450
The MetropolitanMetropolis EfficiencyStudio,1BA$495
THE QUADS APARTMENTS0BR/1.0BAStudio,1BA$500
Schilling Property Management1 Bed, 1 bath1BR,1BA$600
University Mall and Walnut Street ApartmentsStudioStudio,1BA$625
Saint Germain Square1 Bedroom 1 Bath1BR,1BA$655
Saluki Apartments1 Bed 1 Bath1BR,1BA$690
ASHBURN COURT APARTMENTS1BR/1.0BA1BR,1BA$695
Mora Mi ApartmentsAmazing 1 Beds | 1 Baths | 717 Square Ft. apts ...1BR,1BA$699
The District at CapeGrauel1BR,1BA$779

Best Value Apartments for Rent in Olmsted, IL and Nearby

As of August 26, 2026 the best value apartment in the Olmsted area is the $0.91 price per square foot Four Bedroom (1.5 bath or 4 bath) Model at Alpha Property Management (Alpha Rentals) in the starting from $1,455. The second greatest value Olmsted apartment is the 4Bd. 4Bt. (1442sqft) Model at Cape Trails starting at $510 with a $0.35 price per square foot . Here is today’s list of the best values for Olmsted apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Alpha Property Management (Alpha Rentals)Four Bedroom (1.5 bath or 4 bath)4BR,4BA$0.91
Cape Trails4Bd. 4Bt. (1442sqft)4BR,4BA$0.35
The Lory of Greenway VillageB12BR,2BA$1.15
Grand Place Apartments3 Bedrooms3BR,2BA$1.08
THE QUADS APARTMENTS3BR/1.0BA3BR,1BA$0.77
The Reserve at Saluki Pointe2X2 By the bed2BR,2BA$0.71
900 on ParkTwo Bedroom Furnished2BR,2BA$0.82
Mora Mi ApartmentsAmazing 1 Beds | 1 Baths | 717 Square Ft. apts ...1BR,1BA$0.97
Schilling Property Management1 Bed, 1 bath1BR,1BA$0.86
University Mall and Walnut Street Apartments1 bedroom 1 bath1BR,1BA$1.18

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.

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Real 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.

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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Olmsted, IL Rentals by Map

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See the most popular apartments and homes in Olmsted, IL

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Frequently Asked Questions about Cheap Olmsted Apartments

What is the Cheapest Studio apartment in Olmsted?

Currently the most affordable Cheap Studio Apartment in Olmsted is at Campus Edge listed at $450.

How much is rent for a Cheap One Bedroom Olmsted Apartment?

The lowest price for a Cheap One Bedroom Olmsted Apartment is $600 at Schilling Property Management.

What is the lowest price for a Cheap Two Bedroom Olmsted Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Olmsted is starting from $700 at Schilling Property Management.

What is the most affordable Olmsted Three Bedroom Apartment?

The best deal on a cheap Olmsted Three Bedroom Apartment rental is at THE QUADS APARTMENTS and starts from $750.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.