Cheap Homes for Rent in Owaneco, IL from $500 (17 Rentals)

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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 15, 2025 the best value apartment in the Owaneco area is the $1.04 price per square foot C1 Model at Candles in the starting from $1,207. The second greatest value Owaneco apartment is the Two Bedroom Two Bath Model at Koke Mill Apartments starting at $1,225 with a $1.17 price per square foot . 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.
CandlesC13BR,2BA$1.04
Koke Mill ApartmentsTwo Bedroom Two Bath2BR,2BA$1.17
Safe Harbor PropertiesWalk to work. Capitol View. WIFI Included.2BR,1BA$1.03
Orchard Park1 Bedroom 1 Bath Deluxe1BR,1BA$1.10
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
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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Location, Location, Location!

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Frequently Asked Questions about Owaneco

What type of rentals are currently available in Owaneco?

There are currently 40 Apartments for Rent in Owaneco, IL with pricing that ranges from $461 to $3,000. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Owaneco ranging from $520 to $2,490.

What is the current price range for Rental Homes in Owaneco?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Owaneco ranges from $520 to $2,490 with an average monthly rent of $1,315.

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

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.