Cheap Apartments for Rent in Oswego, IL from $700 (41 Rentals)

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

property at 1700 Light Road

$1,375 - $1,385

1 Bedroom Rentals

Available Jun 12

1700 Light Road

OswegoIL60543

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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Rose Terrace
1 to 2 Bedroom Apartments

Rose Terrace

3820 Wolf RdOswego, IL 60543
Senior Living
  • Utilities Included
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Deville Manor
1 to 2 Bedroom Apartments

Deville Manor

110 5th StOswego, IL 60543
Senior Living
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TJC Apartments
Studio to 2 Bedroom Apartments

TJC Apartments

89 Polk StOswego, IL 60543
  • Utilities Included
  • Smoke Free

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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South Adams St
2 Bedroom Apartments

South Adams St

209 S Adams StOswego, IL 60543
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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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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
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55 E Mill St
1 Bedroom Apartments

55 E Mill St

55 E Mill StMontgomery, IL 60538
  • Utilities Included
property at 362 Evans Ave

$1,950

Total Monthly Price

Total Monthly Price

Base Rent
$1,950
Total Monthly Price
$1,950

3 Bedroom, 2 Bath Townhome for Rent

Available Now

362 Evans Ave

AuroraIL60505

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-41, Page 1 of 1

Oswego, IL Local Guide

Cheapest Neighborhoods for Apartments in Oswego, IL

Pricing Updated: 04/25/2026

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$3,285$1,070129
Prescott Mill Courts$14,564$1,30072
Prescott Mill Crossings$14,564$1,30072

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 $1,200. 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 ManorOne Bedroom1BR,1BA$1,200
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
Springs At OswegoStudio Grand OverlookStudio,1BA$1,520
Fox Pointe2B2B2BR,2BA$1,566
The Reserve at SummerfieldBurnham1BR,1BA$1,726
Montgomery Place ApartmentsJuniper1BR,1BA$1,744
Willow + Wren ApartmentsSanctuary2BR,1BA$1,784

Best Value Apartments for Rent in Oswego, IL

As of April 25, 2026 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 2BR Vista Model at Avanterra Wolfs Crossing starting at $2,820 with a $2.07 price per square foot in the Prescott Mill Crossings 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
Avanterra Wolfs Crossing2BR Vista2BR,2.5BA$2.07
Echelon OswegoB12BR,2BA$1.93
The Reserve at SummerfieldCorbusier2BR,2BA$1.77
Monroe Street Apartments2BD/1BA - 955 Sq Ft2BR,1BA$2.07
Fox Pointe2B2B2BR,2BA$1.70
Farmington Lakes ApartmentsHawthorn II1BR,1BA$2.31
Montgomery Place ApartmentsElm1BR,1BA$2.27
Deville ManorOne Bedroom1BR,1BA$1.75
Wedgewood Manor Active Senior LivingB1BR,1BA$1.78

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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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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Best Local Schools in
Oswego, IL

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Remember the 3 Rules of Real Estate:
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Explore Oswego, IL Rentals by Map

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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 $1,784.

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 $10,804.

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 33 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 $380 which is $10,424 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

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.