Cheap Apartments for Rent in Ottawa, IL from $300 (20 Rentals)

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

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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Willow Crossing
1 to 2 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

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.

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.

Ottawa, IL Local Guide

Cheapest Neighborhoods for Apartments in Ottawa, IL

Pricing Updated: 07/24/2025

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$985$8001
South Ottawa$1,087$8001

Cheapest Available Ottawa Apartments for Rent and Nearby

 

The cheapest available apartment rental in Ottawa, IL is a 1 Bed unit found at 103 W Railroad St priced from $800. Tudor Park Apartments in the Downtown neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,209. Here is today’s list of the most affordable Ottawa apartments for rent:

Apartment ListingModel NameBed/BathPriced From
103 W Railroad St1 bedroom apt1BR,1BA$800
Tudor Park ApartmentsTwo Bedroom One Bathroom2BR,1BA$1,209
Willow Run of Crest Hill1 bedroom with Den1BR,1BA$1,509
Springs At OswegoStudio Grand OverlookStudio,1BA$1,510
The Reserve at Hudson CrossingWilsonStudio,1BA$1,570

Best Value Apartments for Rent in Ottawa, IL and Nearby

As of July 24, 2025 the best value apartment in the Ottawa area is the $1.68 price per square foot Campania End Model at Bristol Bay of Yorkville in the in the Blackberry Crossing West neighborhood starting from $2,900. The second greatest value Ottawa apartment is the Forestwood Model at Redwood Oswego starting at $2,774 with a $2.14 price per square foot in the Blackberry Crossing West 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.
Bristol Bay of YorkvilleCampania End3BR,2.5BA$1.68
Redwood OswegoForestwood2BR,2BA$2.14
Reserve at Fox River ApartmentsTwo Bedroom B12BR,2BA$1.63
Montgomery Place ApartmentsCedar2BR,2BA$2.11
Wilson Pl. / Monroe St.205 Wilson Pl.2BR,1BA$2.05
422 Windsor Dr, Unit 4422 Windsor Dr2BR,1BA$1.41
Willow Run of Crest Hill1 bedroom with Den1BR,1.5BA$1.85
Farmington Lakes ApartmentsHawthorn II1BR,1BA$2.04
Tudor Park ApartmentsThree Bedroom One Bathroom3BR,1BA$1.64
103 W Railroad St1 bedroom apt1BR,1BA$1.78

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

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Getting Around Ottawa, IL

Walk Score®

44 / 100

Car-Dependent

Most errands require a car

Bike Score®

45 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 Springs At Oswego listed at $1,510.

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

The lowest price for a Cheap One Bedroom Ottawa Apartment is $800 at 103 W Railroad St.

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

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.