
Cheap Homes for Rent in Ottawa, IL from $700 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Ottawa.


519 Morris St

230 Creve Coeur St

533 Deleon St

506-530 Main St

1044 Oconor Ave

537 1/2 Bucklin St
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.

605 W Bluff St

607 W Bluff St

318 Durant St

514 E Marquette St

1204 N Park St

802 Deleon St

2007 Schuyler Dr
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.
Ottawa, IL Local Guide

How much does it cost to rent a home in Ottawa?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Ottawa 2 Bedroom Homes for Rent | $1,453 | $825 | $3,200 |
| Ottawa 3 Bedroom Homes for Rent | $2,505 | $1,550 | $3,800 |
| Ottawa 4 Bedroom Homes for Rent | $1,862 | $1,800 | $1,925 |
| Ottawa 5 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
Browse Top Homes for Rent in Ottawa
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Ottawa, IL Local Guide
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Cheapest Neighborhoods for Apartments in Ottawa, IL
Pricing Updated: 02/22/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Ottawa | $1,450 | $825 | 2 |
| South Ottawa | $1,450 | $825 | 1 |
Cheapest Available Ottawa Apartments for Rent
 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Tudor Park Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1,209 |
| Willow Run of Crest Hill | 1 bedroom | 1BR,1BA | $1,359 |
| ReNew Aurora | Ashford | 1BR,1BA | $1,400 |
| The Reserve at Hudson Crossing | Harrison | Studio,1BA | $1,450 |
| The Onyx on Victoria | Upgraded 2 Bedroom 1 Bathroom Apartment | 2BR,1BA | $1,525 |
Best Value Apartments for Rent in Ottawa, IL
As of February 22, 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 Cypress BU Model at Home at Ashcroft starting at $3,350 with a $1.92 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| York Meadow | 2E | 3BR,2BA | $1.18 |
| Home at Ashcroft | Cypress BU | 3BR,2.5BA | $1.92 |
| Redwood Oswego | Capewood | 2BR,2BA | $1.73 |
| Bristol Bay of Yorkville | Accera | 2BR,2.5BA | $1.74 |
| Avanterra Wolfs Crossing | 2BR Garden | 2BR,2.5BA | $2.15 |
| Reserve at Fox River Apartments | Two Bedroom B1 | 2BR,2BA | $1.63 |
| The Onyx on Victoria | Upgraded 2 Bedroom 1 Bathroom Apartment | 2BR,1BA | $1.57 |
| Monroe Street Apartments | 2BD/1BA | 2BR,1BA | $2.15 |
| Seasons at Plainfield | 1E | 1BR,1BA | $2.20 |
| Tudor Park Apartments | Three Bedroom One Bathroom | 3BR,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.
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 Ottawa, IL
McKinley Elementary School
Ottawa Township High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Ottawa, IL Rentals by Map
See the most popular apartments and homes in Ottawa, IL
Frequently Asked Questions about Ottawa
What type of rentals are currently available in Ottawa?
There are currently 70 Apartments for Rent in Ottawa, IL with pricing that ranges from $825 to $4,508. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ottawa ranging from $775 to $3,800.
What is the current price range for Rental Homes in Ottawa?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Ottawa ranges from $775 to $3,800 with an average monthly rent of $1,956.
How much are larger Three and Four Bedroom Rentals in Ottawa?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Ottawa range from $1,309 to $4,155, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,550 to $3,800. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $3,016.
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

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.

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.