
Cheap Homes for Rent in Paloma, IL from $300 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Paloma.


711 N 19th St

636 Payson Ave

109 E Jackson St

8928 Pike 494

224 Lawn 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.

934 W Jefferson St

119 Vanburen Ct

119 N 1st St

308 W Adams Rd

28450 Hwy M

116 N 5th St
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.

437 W Pierce St
Paloma, IL Local Guide

How much does it cost to rent a home in Paloma?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Paloma 2 Bedroom Homes for Rent | $903 | $298 | $1,500 |
| Paloma 3 Bedroom Homes for Rent | $1,227 | $750 | $2,000 |
| Paloma 4 Bedroom Homes for Rent | $765 | $765 | $765 |
| Paloma 5 Bedroom Homes for Rent | $1,500 | $1,500 | $1,500 |
Browse Top Homes for Rent in Paloma
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Paloma, IL Local Guide
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Cheapest Available Paloma Apartments for Rent and Nearby
 The cheapest available apartment rental in Paloma, IL is a Studio unit found at Macomb Rentals priced from $390. Jacksonville Affordable Housing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $462. Here is today’s list of the most affordable Paloma apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Macomb Rentals | Studio, 1 bath | Studio,1BA | $390 |
| Jacksonville Affordable Housing | 1 Bedroom 50% | 1BR,1BA | $462 |
| Alice Place West Burlington | 1-Bedroom ADA | 1BR,1BA | $515 |
| Smith and Royer Apartments | 1 Bedroom | 1BR,1BA | $650 |
| Morton Street Apartments | 1 bed one bath | 1BR,1BA | $690 |
Best Value Apartments for Rent in Paloma, IL and Nearby
As of January 14, 2026 the best value apartment in the Paloma area is the $1.12 price per square foot Blaul Lofts - 311 Model at Blaul Lofts in the in the Ginger Ridge neighborhood starting from $1,325. The second greatest value Paloma apartment is the 2-Bedroom Model at Alice Place West Burlington starting at $840 with a $0.90 price per square foot in the Ginger Ridge neighborhood. Here is today’s list of the best values for Paloma apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Blaul Lofts | Blaul Lofts - 311 | 2BR,1BA | $1.12 |
| Alice Place West Burlington | 2-Bedroom | 2BR,1BA | $0.90 |
| 1500 N Carolina St | 2X2 | 2BR,2BA | $1.08 |
| Churchill Lofts | Churchill Lofts - 207 | 2BR,1BA | $1.11 |
| Keokuk Family Flats | 2 Beds, 1.5 baths | 2BR,1.5BA | $1.08 |
| New Eastlawn Apartments | Two Bedroom | 2BR,1BA | $0.97 |
| Westland Village | 1x1 | 1BR,1BA | $1.00 |
| Park Madison Apartments | 1BR/1BA | 1BR,1BA | $1.00 |
| Bel Aire Apartments | 2 Bedroom | 2BR,1BA | $1.11 |
| Jacksonville Affordable Housing | 1 Bedroom 60% | 1BR,1BA | $0.84 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Paloma
What type of rentals are currently available in Paloma?
There are currently 42 Apartments for Rent in Paloma, IL with pricing that ranges from $331 to $6,000. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Paloma ranging from $298 to $2,000.
What is the current price range for Rental Homes in Paloma?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Paloma ranges from $298 to $2,000 with an average monthly rent of $1,077.
How much are larger Three and Four Bedroom Rentals in Paloma?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Paloma range from $340 to $3,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $2,000. Four Bedroom Single-Family rentals are also available starting from $765 and Four Bedroom Apartments start at $600.
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

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!