Cheap Apartments for Rent in Oswego, IL from $600 (37 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 2100 Light Rd

$1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,495

Total Monthly Price
$1,495

1 Bedroom, 1 Bath Condo for Rent

Available Jun 13

2100 Light Rd, Unit 210

2100 Light Rd
OswegoIL60543
close
View Me
Deville Manor
1 to 2 Bedroom Apartments

Deville Manor

110 5th StOswego, IL 60543
Senior Living

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.

close
View Me
Rose Terrace
1 to 2 Bedroom Apartments

Rose Terrace

3820 Wolf RdOswego, IL 60543
Senior Living
  • Utilities Included
close
View Me
TJC Apartments
Studio to 2 Bedroom Apartments

TJC Apartments

89 Polk StOswego, IL 60543
  • Utilities Included
  • Smoke Free
close
View Me
South Adams St
2 Bedroom Apartments

South Adams St

209 S Adams StOswego, IL 60543

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.

close
View Me
4 E Van Buren
1 Bedroom Apartments

4 E Van Buren

4 E Van Buren StOswego, IL 60543
close
View Me
Silver Oaks At Waterford
1 Bedroom Apartments

Silver Oaks At Waterford

1819 Silver Oaks CirAurora, IL 60504
Senior Living
  • 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.

close
View Me
Building A
1 Bedroom Apartments

Building A

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

Building H & I

89 Hillstone RdMontgomery, IL 60538
  • Utilities Included
close
View Me
55 E Mill St
1 Bedroom Apartments

55 E Mill St

55 E Mill StMontgomery, IL 60538
  • Utilities Included

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.

Oswego, IL Local Guide

Cheapest Neighborhoods for Apartments in Oswego, IL

Pricing Updated: 06/09/2026

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$3,392$1,070121
Prescott Mill Courts$3,392$1,30042
Prescott Mill Crossings$3,392$1,30042

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 ListingModel NameBed/BathPriced From
Deville Manor2 Bedroom A2BR,1BA$678
Wedgewood Manor Active Senior LivingB1BR,1BA$1,070
Lakeview ResidencesLakeview Residences Studio ApartmentStudio,1BA$1,325
The Reserve at Hudson CrossingHarrisonStudio,1BA$1,450
The Onyx on VictoriaPremier 1 Bedroom 1 Bathroom Apartment1BR,1BA$1,475
Fox Pointe2B2B2BR,2BA$1,589
The Reserve at SummerfieldThe Adler1BR,1BA$1,596
Farmington Lakes ApartmentsHawthorn II1BR,1BA$1,759
Springs At Oswego1 BR Designer Overlook1BR,1BA$1,826
Montgomery Place ApartmentsJuniper1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Redwood OswegoCapewood2BR,2BA$1.85
Home at AshcroftDouglas BF3BR,2BA$2.24
Avanterra Wolfs Crossing1BR Vista Triplex1BR,1.5BA$2.08
Fox Pointe2B2B2BR,2BA$1.72
Willow + Wren ApartmentsSanctuary2BR,1BA$2.27
Springs At Oswego1 BR Designer Overlook1BR,1BA$2.13
Farmington Lakes ApartmentsDogwood1BR,1BA$2.28
The Reserve at SummerfieldThe Adler1BR,1BA$1.97
Deville Manor1 Bedroom1BR,1BA$1.75
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.

Read Article
Decorative image

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.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

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

Explore Oswego, IL Rentals by Map

View Map
Oswego, IL Apartments Map
View Map
Oswego, IL Rental Homes Map

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

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

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.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.