Cheap Apartments for Rent in Oswego, IL from $700 (44 Rentals)

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

property at 2100 Light Rd

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395
Total Monthly Price
$1,395

1 Bedroom, 1 Bath Condo for Rent

Available Now

2100 Light Rd, Unit 210

2100 Light Rd
OswegoIL60543

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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Deville Manor
1 to 2 Bedroom Apartments

Deville Manor

110 5th StOswego, IL 60543
Senior Living
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Rose Terrace
1 to 2 Bedroom Apartments

Rose Terrace

3820 Wolf RdOswego, IL 60543
Senior Living
  • Utilities Included
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Monroe Street Apartments
Studio to 2 Bedroom Apartments

Monroe Street Apartments

89 Polk StOswego, IL 60543
  • Utilities Included
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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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South Adams St
2 Bedroom Apartments

South Adams St

209 S Adams StOswego, IL 60543

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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4 E Van Buren
1 Bedroom Apartments

4 E Van Buren

4 E Van Buren StOswego, IL 60543
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North Adams St
2 Bedroom Apartments

North Adams St

182 N Adams StOswego, IL 60543

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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Silver Oaks At Waterford
1 Bedroom Apartments

Silver Oaks At Waterford

1819 Silver Oaks CirAurora, IL 60504
Senior Living
  • Utilities Included
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Building A
1 Bedroom Apartments

Building A

100 Rocky WayMontgomery, IL 60538
  • Utilities Included
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Building H & I
1 to 2 Bedroom Apartments

Building H & I

89 Hillstone RdMontgomery, IL 60538
  • 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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55 E Mill St
1 Bedroom Apartments

55 E Mill St

55 E Mill StMontgomery, IL 60538
  • Utilities Included
Showing Results 1-44, Page 1 of 1

Oswego, IL Local Guide

Cheapest Neighborhoods for Apartments in Oswego, IL

Pricing Updated: 07/24/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Ashcroft Place$3,322$1,070120
Prescott Mill Courts$3,322$1,30043
Prescott Mill Crossings$3,322$1,30043

Cheapest Available Oswego Apartments for Rent

 

The cheapest available apartment rental in Oswego, IL is a 1 Bed unit found at Wedgewood Manor Active Senior Living in the Ashcroft Place neighborhood priced from $1,070. Deville Manor in the Prescott Mill Crossings neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,250. Here is today’s list of the most affordable Oswego apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Wedgewood Manor Active Senior LivingB1BR,1BA$1,070
Deville Manor1 Bedroom1BR,1BA$1,250
Lakeview Residences0BR/1.0BAStudio,1BA$1,325
The Reserve at Hudson CrossingHarrisonStudio,1BA$1,450
Fox Pointe2B2B2BR,2BA$1,589
Springs At OswegoStudio Grand OverlookStudio,1BA$1,626
Farmington Lakes ApartmentsHawthorn1BR,1BA$1,729
Willow + Wren ApartmentsSanctuary2BR,1BA$1,773
Montgomery Place ApartmentsJuniper1BR,1BA$1,790
Echelon OswegoA1.11BR,1BA$1,819

Best Value Apartments for Rent in Oswego, IL

As of July 24, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Redwood OswegoCapewood2BR,2BA$1.85
Home at AshcroftDouglas BF3BR,2BA$2.24
The Reserve at SummerfieldDaVinci - Premium2BR,2BA$1.99
Avanterra Wolfs Crossing1BR Vista Triplex1BR,1.5BA$2.06
Fox Pointe2B2B2BR,2BA$1.72
Willow + Wren ApartmentsSanctuary2BR,1BA$2.06
Montgomery Place ApartmentsElm1BR,1BA$2.33
Farmington Lakes ApartmentsHawthorn1BR,1BA$2.38
Deville Manor1 Bedroom1BR,1BA$1.82
Wedgewood Manor Active Senior LivingB1BR,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.

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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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Oswego, IL

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

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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 $1,819.

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 $3,322.

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 8 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 $195 which is $3,127 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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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

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.