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


628 Sycamore Cir

1258 Flournoy St

1002 Hickory St

717 S Benton 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.

416 1st St E

3 Village Dr

1115 Jefferson Ave

608 Main St

1214 Cousin St
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.
Olmsted, IL Local Guide

How much does it cost to rent a home in Olmsted?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Olmsted 2 Bedroom Homes for Rent | $1,365 | $875 | $2,400 |
| Olmsted 3 Bedroom Homes for Rent | $1,861 | $1,000 | $5,000 |
| Olmsted 4 Bedroom Homes for Rent | $1,875 | $1,650 | $2,400 |
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Olmsted, IL Local Guide
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Cheapest Available Olmsted Apartments for Rent and Nearby
 The cheapest available apartment rental in Olmsted, IL is a Studio unit found at THE QUADS APARTMENTS priced from $400. ASHBURN COURT APARTMENTS has the second lowest priced unit, which is a Studio apartment currently listed from $400. Here is today’s list of the most affordable Olmsted apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| THE QUADS APARTMENTS | 0BR/1.0BA | Studio,1BA | $400 |
| ASHBURN COURT APARTMENTS | 0BR/1.0BA | Studio,1BA | $400 |
| Saluki Apartments | Studio | Studio,1BA | $420 |
Best Value Apartments for Rent in Olmsted, IL and Nearby
As of December 10, 2025 the best value apartment in the Olmsted area is the $1.08 price per square foot Houck Model at The District at Cape in the starting from $1,326. The second greatest value Olmsted apartment is the Hadley Model at Westcreek Villas starting at $1,450 with a $1.22 price per square foot . Here is today’s list of the best values for Olmsted apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The District at Cape | Houck | 3BR,2BA | $1.08 |
| Westcreek Villas | Hadley | 2BR,2BA | $1.22 |
| Grand Place Apartments | 3 Bedrooms | 3BR,2BA | $1.08 |
| The Reserve at Saluki Pointe | 2X2 By the bed | 2BR,2BA | $0.66 |
| The Hill Apartments | The Hill 2 Bed 2 Bath Large | 2BR,2BA | $1.01 |
| 900 on Park | Two Bedroom Furnished | 2BR,2BA | $0.82 |
| Newly Renovated 2 Bedrooms! | 2BR/1.0BA | 2BR,1BA | $1.05 |
| Schilling Property Management | 1 Bed, 1 bath | 1BR,1BA | $0.79 |
| Aspen Court Apartments | One Bedroom | 1BR,1BA | $1.16 |
| The Metropolitan | Metropolis 1 Bed 1 Bath | 1BR,1BA | $1.20 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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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See the most popular apartments and homes in Olmsted, IL
Frequently Asked Questions about Olmsted
What type of rentals are currently available in Olmsted?
There are currently 39 Apartments for Rent in Olmsted, IL with pricing that ranges from $295 to $3,600. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Olmsted ranging from $575 to $5,000.
What is the current price range for Rental Homes in Olmsted?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Olmsted ranges from $575 to $5,000 with an average monthly rent of $1,453.
How much are larger Three and Four Bedroom Rentals in Olmsted?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Olmsted range from $800 to $1,550, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $5,000. Four Bedroom Single-Family rentals are also available starting from $1,650 and Four Bedroom Apartments start at $295.
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

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.