Cheap Apartments for Rent in Oswego, IL from $700 (19 Rentals)

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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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TJC Apartments
Studio to 2 Bedroom Apartments

TJC Apartments

89 Polk StOswego, IL 60543
  • Utilities Included
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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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4 E Van Buren
1 Bedroom Apartments

4 E Van Buren

4 E Van Buren StOswego, IL 60543

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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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

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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55 E Mill St
1 Bedroom Apartments

55 E Mill St

55 E Mill StMontgomery, IL 60538
  • Utilities Included

Oswego, IL Local Guide

Cheapest Neighborhoods for Apartments in Oswego, IL

Pricing Updated: 10/25/2025

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$3,291$1,07072
Prescott Mill Courts$3,291$1,20069
Prescott Mill Crossings$3,291$1,20069

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. The Reserve at Hudson Crossing in the Blackberry Crossing West neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,450. 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
The Reserve at Hudson CrossingHarrisonStudio,1BA$1,450
Springs At Oswego1 BR Designer Courtyard1BR,1BA$1,496
Farmington Lakes ApartmentsHawthorn II1BR,1BA$1,597
Emblem OswegoA11BR,1BA$1,733

Best Value Apartments for Rent in Oswego, IL

As of October 25, 2025 the best value apartment in the Oswego area is the $2.24 price per square foot Douglas BF Model at Home at Ashcroft in the in the Ashcroft Place neighborhood starting from $3,600. The second greatest value Oswego apartment is the Willowood Model at Redwood Oswego starting at $2,549 with a $1.85 price per square foot in the Blackberry Crossing West 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.
Home at AshcroftDouglas BF3BR,2BA$2.24
Redwood OswegoWillowood2BR,2BA$1.85
Avanterra Wolfs Crossing2BR Vista2BR,2.5BA$1.89
Monroe Street Apartments2.0 BD/1.5 BA2BR,1.5BA$1.80
Covey at Fox Valley ApartmentsSanctuary2BR,1BA$2.05
Farmington Lakes ApartmentsHawthorn II1BR,1BA$1.98
Emblem OswegoA21BR,1BA$2.39
Springs At OswegoStudio Grand OverlookStudio ,1BA$2.43
Wedgewood Manor Active Senior LivingB1BR,1BA$1.78
The Reserve at Hudson CrossingHarrisonStudio ,1BA$2.88

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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The 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.

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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.

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

Explore Oswego, IL Rentals by Map

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Getting Around Oswego, IL

Walk Score®

41 / 100

Car-Dependent

Most errands require a car

Bike Score®

47 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 $2,901.

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 $3,291.

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 41 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 $334 which is $2,957 cheaper than the average rent for all rentals in Oswego.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.