Cheap Apartments for Rent near Olmsted, IL from $400 (36 Rentals)

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

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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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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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710 W Mill St
2 Bedroom Apartments

710 W Mill St

710 W Mill StCarbondale, IL 62901
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Showing Results 1-36, Page 1 of 1

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 Saluki Apartments priced from $460. THE QUADS APARTMENTS has the second lowest priced unit, which is a Studio apartment currently listed from $500. Here is today’s list of the most affordable Olmsted apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Saluki ApartmentsStudioStudio,1BA$460
THE QUADS APARTMENTS0BR/1.0BAStudio,1BA$500
ASHBURN COURT APARTMENTS1BR/1.0BA1BR,1BA$575
Schilling Property Management1 Bed, 1 bath1BR,1BA$600
Saint Germain Square1 Bedroom 1 Bath1BR,1BA$625
The MetropolitanMetropolis 1 Bed 1 Bath1BR,1BA$735
Jackson House1 Bedroom - Jackson House1BR,1BA$781
The District at CapeDempster1BR,1BA$863
Southside Square Apartments - NOW LEASINGOne Bedroom1BR,1BA$897
Lone Oak Villas2 Bedroom Townhome2BR,1BA$909

Best Value Apartments for Rent in Olmsted, IL and Nearby

As of July 11, 2026 the best value apartment in the Olmsted area is the $1.06 price per square foot 2 Bedroom | 2 Bath Model at The Lory of Greenway Village in the starting from $1,325. The second greatest value Olmsted apartment is the Hadley Model at Westcreek Villas starting at $1,395 with a $1.17 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.
The Lory of Greenway Village2 Bedroom | 2 Bath2BR,2BA$1.06
Westcreek VillasHadley2BR,2BA$1.17
Grand Place Apartments3 Bedrooms3BR,2BA$1.08
THE QUADS APARTMENTS3BR/1.0BA3BR,1BA$0.77
900 on ParkTwo Bedroom Furnished2BR,2BA$0.82
Riviera Apartments2 Bed2BR,1BA$1.14
Southside Square Apartments - NOW LEASINGTwo Bedroom2BR,2BA$1.27
Schilling Property Management1 Bed, 1 bath1BR,1BA$0.86
The MetropolitanMetropolis 1 Bed 1 Bath1BR,1BA$1.20
Saint Germain Square1 Bedroom 1 Bath1BR,1BA$1.39

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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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 Saluki Apartments listed at $460.

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 $800.

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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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.

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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.

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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.

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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.