
Cheap Apartments for Rent in Oswego, IL from $600 (37 Rentals)
Search the lowest-cost Apartments available for rent right now in Oswego.


1600 Light Road

The Reserve at Hudson Crossing

2100 Light Rd, Unit 210

1200 Light Road

Springs At Oswego

Echelon Oswego

North Adams St

Deville Manor
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.

Rose Terrace

TJC Apartments

Light Road Apartments

2500 Light Road

Mill Street Station

2800 Light Road

76 W Washington St

Farmington Lakes Apartments

South Adams 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.

4 E Van Buren

Wedgewood Manor Active Senior Living

Anderson Farms Apartments

Lakeview Residences

The Onyx on Victoria

Fox Pointe

The Reserve at Summerfield

Montgomery Place Apartments

Silver Oaks At Waterford
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.

Building A

Building H & I

Boulder Hill Apartments

338 Marion Ave

55 E Mill St

451 Marion Ave

570 5th Ave

714 Sexton St

2030 Kevin Dr
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.

835 Bishop Ave
Oswego, IL Local Guide

How much does it cost to rent an apartment in Oswego?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Oswego Studio Apartments | $1,647 | $1,325 | $1,780 |
| Cheap Oswego 1 Bedroom Apartments | $1,818 | $1,070 | $2,209 |
| Cheap Oswego 2 Bedroom Apartments | $2,304 | $1,400 | $3,014 |
| Cheap Oswego 3 Bedroom Apartments | $3,296 | $1,821 | $10,000+ |
| Cheap Oswego 4 Bedroom Apartments | $3,395 | $3,312 | $3,508 |
Browse Top Apartments in Oswego
See all Apartments in OswegoExplore Oswego
Oswego, IL Local Guide
- Oswego Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Oswego, IL
Pricing Updated: 06/09/2026Current apartment rentals in the Oswego, IL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Oswego Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Ashcroft Place | $3,392 | $1,070 | 121 |
| Prescott Mill Courts | $3,392 | $1,300 | 42 |
| Prescott Mill Crossings | $3,392 | $1,300 | 42 |
Cheapest Available Oswego Apartments for Rent
 The cheapest available apartment rental in Oswego, IL is a 2 Beds unit found at Deville Manor in the Prescott Mill Crossings neighborhood priced from $678. Wedgewood Manor Active Senior Living in the Ashcroft Place neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,070. Here is today’s list of the most affordable Oswego apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Deville Manor | 2 Bedroom A | 2BR,1BA | $678 |
| Wedgewood Manor Active Senior Living | B | 1BR,1BA | $1,070 |
| Lakeview Residences | Lakeview Residences Studio Apartment | Studio,1BA | $1,325 |
| The Reserve at Hudson Crossing | Harrison | Studio,1BA | $1,450 |
| The Onyx on Victoria | Premier 1 Bedroom 1 Bathroom Apartment | 1BR,1BA | $1,475 |
| Fox Pointe | 2B2B | 2BR,2BA | $1,589 |
| The Reserve at Summerfield | The Adler | 1BR,1BA | $1,596 |
| Farmington Lakes Apartments | Hawthorn II | 1BR,1BA | $1,759 |
| Springs At Oswego | 1 BR Designer Overlook | 1BR,1BA | $1,826 |
| Montgomery Place Apartments | Juniper | 1BR,1BA | $1,838 |
Best Value Apartments for Rent in Oswego, IL
As of June 09, 2026 the best value apartment in the Oswego area is the $1.85 price per square foot Capewood Model at Redwood Oswego in the in the Blackberry Crossing West neighborhood starting from $2,999. The second greatest value Oswego apartment is the Douglas BF Model at Home at Ashcroft starting at $3,600 with a $2.24 price per square foot in the Ashcroft Place neighborhood. Here is today’s list of the best values for Oswego apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Redwood Oswego | Capewood | 2BR,2BA | $1.85 |
| Home at Ashcroft | Douglas BF | 3BR,2BA | $2.24 |
| Avanterra Wolfs Crossing | 1BR Vista Triplex | 1BR,1.5BA | $2.08 |
| Fox Pointe | 2B2B | 2BR,2BA | $1.72 |
| Willow + Wren Apartments | Sanctuary | 2BR,1BA | $2.27 |
| Springs At Oswego | 1 BR Designer Overlook | 1BR,1BA | $2.13 |
| Farmington Lakes Apartments | Dogwood | 1BR,1BA | $2.28 |
| The Reserve at Summerfield | The Adler | 1BR,1BA | $1.97 |
| Deville Manor | 1 Bedroom | 1BR,1BA | $1.75 |
| Wedgewood Manor Active Senior Living | B | 1BR,1BA | $1.78 |
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.
Best Local Schools in Oswego, IL
Fox Chase Elementary School
Oswego East High School
Plank Junior High
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Oswego, IL Rentals by Map
See the most popular apartments and homes in Oswego, IL
Frequently Asked Questions about Cheap Oswego Apartments
What is a cheap apartment in Oswego?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Oswego is under $1,838.
What is the price of a cheap apartment in Oswego?
The cheapest apartment in Oswego is Wedgewood Manor Active Senior Living which is listed at $1,070, while the average apartment in Oswego costs $3,392.
What types of apartments are the cheapest in Oswego?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 4 regular apartments in Oswego that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Oswego?
Cheap apartments in Oswego have an average cost of $251 which is $3,141 cheaper than the average rent for all rentals in Oswego.
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

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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.