
Cheap Homes for Rent in Oswego, IL from $1,400 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Oswego.


2300 Light Road

735 Sexton St

835 Bishop Ave

114 Martin Ave

702 Jackson St

652 Lincoln Station Dr
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.

512 Lincoln Station Dr

2277 Beresford Dr

2291 Beresford Dr

63 Hubbard Way

1070 Four Seasons Blvd

1467 Crimson Ln

2154 Cypress Ct
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.
Oswego, IL Local Guide

How much does it cost to rent a home in Oswego?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Oswego 2 Bedroom Homes for Rent | $2,242 | $1,900 | $2,750 |
| Oswego 3 Bedroom Homes for Rent | $2,568 | $1,750 | $3,600 |
| Oswego 4 Bedroom Homes for Rent | $3,191 | $2,600 | $3,950 |
| Oswego 5 Bedroom Homes for Rent | $3,600 | $3,000 | $4,200 |
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Oswego, IL Local Guide
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Cheapest Neighborhoods for Apartments in Oswego, IL
Pricing Updated: 04/14/2026Current 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 | $3,237 | $1,450 | 16 |
| Prescott Mill Courts | $4,200 | $1,400 | 32 |
| Prescott Mill Crossings | $4,200 | $1,400 | 32 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Wedgewood Manor Active Senior Living | B | 1BR,1BA | $1,070 |
| Deville Manor | One Bedroom | 1BR,1BA | $1,200 |
| 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 |
Best Value Apartments for Rent in Oswego, IL
As of April 14, 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 $2,842 with a $2.09 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Home at Ashcroft | Douglas BF | 3BR,2BA | $2.24 |
| Avanterra Wolfs Crossing | 2BR Vista | 2BR,2.5BA | $2.09 |
| Fox Pointe | 2B2B | 2BR,2BA | $1.70 |
| Monroe Street Apartments | 2BD/1BA | 2BR,1BA | $2.15 |
| The Reserve at Summerfield | Burnham | 1BR,1BA | $2.05 |
| Willow + Wren Apartments | Sanctuary | 2BR,1BA | $2.07 |
| North Adams St | 2 Bedroom | 2BR,1BA | $2.28 |
| Montgomery Place Apartments | Elm | 1BR,1BA | $2.32 |
| Deville Manor | One Bedroom | 1BR,1BA | $1.75 |
| Wedgewood Manor Active Senior Living | B | 1BR,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.
Read ArticleDon'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 ArticleThe 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.
Read ArticleCash 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.
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
Hunt Club Elementary
Oswego East High School
Plank Junior High
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Oswego
What type of rentals are currently available in Oswego?
There are currently 63 Apartments for Rent in Oswego, IL with pricing that ranges from $1,070 to $11,794. There are also 69 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oswego ranging from $1,400 to $4,200.
What is the current price range for Rental Homes in Oswego?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Oswego ranges from $1,400 to $4,200 with an average monthly rent of $2,605.
How much are larger Three and Four Bedroom Rentals in Oswego?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Oswego range from $1,797 to $11,774, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,750 to $3,600. Four Bedroom Single-Family rentals are also available starting from $2,600 and Four Bedroom Apartments start at $3,350.
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

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.

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.

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.