Cheap Apartments for Rent in Ottawa, IL from $300 (22 Rentals)

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Willow Crossing
1 to 3 Bedroom Apartments

Willow Crossing

600-606 E McKinley RdOttawa, IL 61350
  • Utilities Included
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Guion Street
1 to 2 Bedroom Apartments

Guion Street

1812-1840 Guion StOttawa, IL 61350
  • 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.

property at 205 Sandra Ave

$775

1 Bedroom, 1 Bath Home for Rent

Available Now

205 Sandra Ave

MendotaIL61342

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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Village West Apartments
1 to 2 Bedroom Apartments

Village West Apartments

1971 Lilac LnAurora, IL 60506
Corporate Housing
  • 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.

Ottawa, IL Local Guide

Cheapest Neighborhoods for Apartments in Ottawa, IL

Pricing Updated: 01/27/2026

Current apartment rentals in the Ottawa, 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 Ottawa Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Ottawa$1,200$8253
South Ottawa$1,237$8252

Cheapest Available Ottawa Apartments for Rent and Nearby

 

The cheapest available apartment rental in Ottawa, IL is a 2 Beds unit found at Tudor Park Apartments in the Downtown neighborhood priced from $1,209. Willow Run of Crest Hill in the Rockdale Junction neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,359. Here is today’s list of the most affordable Ottawa apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Tudor Park ApartmentsTwo Bedroom One Bathroom2BR,1BA$1,209
Willow Run of Crest Hill1 bedroom1BR,1BA$1,359
ReNew AuroraAshford1BR,1BA$1,400
The Reserve at Hudson CrossingHarrisonStudio,1BA$1,450
Sixteen30S1Studio,1BA$1,582

Best Value Apartments for Rent in Ottawa, IL and Nearby

As of January 27, 2026 the best value apartment in the Ottawa area is the $1.18 price per square foot 2E Model at York Meadow in the in the Whispering Meadows neighborhood starting from $2,200. The second greatest value Ottawa apartment is the Birch BU Model at Home at Ashcroft starting at $3,250 with a $2.08 price per square foot in the Ashcroft Place neighborhood. Here is today’s list of the best values for Ottawa apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
York Meadow2E3BR,2BA$1.18
Home at AshcroftBirch BU3BR,2.5BA$2.08
Bristol Bay of YorkvilleAccera2BR,2.5BA$1.74
Redwood OswegoWillowood2BR,2BA$1.85
Avanterra Wolfs Crossing2BR Garden2BR,2.5BA$2.17
Reserve at Fox River ApartmentsTwo Bedroom B12BR,2BA$1.63
Monroe Street Apartments2.0 BD/1.5 BA2BR,1.5BA$2.15
Farmington Lakes ApartmentsDogwood II1BR,1BA$2.21
400 Jd Rd, Unit 1-A400 Jd Rd2BR,1BA$1.45
Tudor Park ApartmentsThree Bedroom One Bathroom3BR,1BA$1.64

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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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!

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Frequently Asked Questions about Cheap Ottawa Apartments

What is the Cheapest Studio apartment in Ottawa?

Currently the most affordable Cheap Studio Apartment in Ottawa is at The Reserve at Hudson Crossing listed at $1,450.

How much is rent for a Cheap One Bedroom Ottawa Apartment?

The lowest price for a Cheap One Bedroom Ottawa Apartment is $1,359 at Willow Run of Crest Hill.

What is the lowest price for a Cheap Two Bedroom Ottawa Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Ottawa is starting from $1,209 at Tudor Park Apartments.

What is the most affordable Ottawa Three Bedroom Apartment?

The best deal on a cheap Ottawa Three Bedroom Apartment rental is at Tudor Park Apartments and starts from $1,309.

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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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.

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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.