Cheap Apartments for Rent in Owaneco, IL from $400 (21 Rentals)

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

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Owaneco, IL Local Guide

Cheapest Available Owaneco Apartments for Rent and Nearby

 

The cheapest available apartment rental in Owaneco, IL is a 1 Bed unit found at RESERVE AT LAKEVIEW priced from $421. Roosevelt School Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $461. Here is today’s list of the most affordable Owaneco apartments for rent:

Apartment ListingModel NameBed/BathPriced From
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$421
Roosevelt School Apartments1 Bedroom1BR,1BA$461
The Quarry ApartmentsBasaltStudio,1BA$600
Stones Crossing ApartmentsNice one bedroom efficiency apartment1BR,1BA$625
Whispering Pines Apartments1 Bed, 1 Bath - Essential1BR,1BA$700

Best Value Apartments for Rent in Owaneco, IL and Nearby

As of November 09, 2025 the best value apartment in the Owaneco area is the $1.05 price per square foot 2 Bedroom 1 Bath Deluxe Model at Orchard Park in the starting from $1,000. The second greatest value Owaneco apartment is the Walk to work. Capitol View. WIFI Included. Model at Safe Harbor Properties starting at $925 with a $1.03 price per square foot in the Downtown Springfield neighborhood. Here is today’s list of the best values for Owaneco apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Orchard Park2 Bedroom 1 Bath Deluxe2BR,1BA$1.05
Safe Harbor PropertiesWalk to work. Capitol View. WIFI Included.2BR,1BA$1.03
Koke Mill Apartments1 Bedroom (lg)1BR,1BA$1.15
2474 N FlorianUnit 112BR,1.5BA$1.13
Roosevelt School Apartments1 Bedroom1BR,1BA$0.61
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$1.07
Pine Ridge ApartmentsOne Bedroom1BR,1BA$1.17
Timber CoveThe Yawl1BR,1BA$1.08
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$0.69
Stones Crossing ApartmentsVery nice and updated one bedroom for rent!!!!!1BR,1BA$1.16

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Frequently Asked Questions about Cheap Owaneco Apartments

What is the Cheapest Studio apartment in Owaneco?

Currently the most affordable Cheap Studio Apartment in Owaneco is at Roosevelt School Apartments listed at $469.

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

The lowest price for a Cheap One Bedroom Owaneco Apartment is $421 at RESERVE AT LAKEVIEW.

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

Today's best deal for a Cheap Two Bedroom Apartment in Owaneco is starting from $507 at RESERVE AT LAKEVIEW.

What is the most affordable Owaneco Three Bedroom Apartment?

The best deal on a cheap Owaneco Three Bedroom Apartment rental is at Roosevelt School Apartments and starts from $613.

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.