Cheap Apartments for Rent near Paw Paw, IL from $400 (39 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Fox Hill Senior Living
1 to 2 Bedroom Apartments

Fox Hill Senior Living

1536 Sycamore RdYorkville, IL 60560
Senior Living
  • Utilities Included
property at 407 6th St

$950

1 Bedroom, 1 Bath Home for Rent

Available Now

407 6th St

MendotaIL61342
property at 118 E Canal St

$1,000

2 Bedroom, 1 Bath Home for Rent

Available Now

118 E Canal St

North UticaIL61373
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311 W Roosevelt St
2 Bedroom Apartments

311 W Roosevelt St

311 W Roosevelt StDekalb, IL 60115
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Showing Results 1-39, Page 1 of 1

Paw Paw, IL Local Guide

Cheapest Available Paw Paw Apartments for Rent and Nearby

 

The cheapest available apartment rental in Paw Paw, IL is a Studio unit found at Amber Manor in the Dekalb neighborhood priced from $629. The Terraces at Dekalb on Hillcrest Drive in the Dekalb neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here is today’s list of the most affordable Paw Paw apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Amber ManorStudio A 60%Studio,1BA$629
The Terraces at Dekalb on Hillcrest DriveHillcrest Drive 1 Bed1BR,1BA$825
Varsity Square ApartmentsSmall Corner 1 Bedroom1BR,1BA$928
Ashbury Court2B2BR,1BA$1,075
The Terraces at DekalbLincoln Hwy 2 Bed2BR,1BA$1,075
Isaac Executive SuitesJunior One BedroomStudio,1BA$1,400
City Hall Suites1 BD | 1 BA1BR,1BA$1,400
Cortland EstatesTwo Bedroom2BR,1BA$1,425
Yorkville ApartmentsB2BR,1BA$1,550
Countryside Village Apartments1 Bed, 1 bath1BR,1BA$1,578

Best Value Apartments for Rent in Paw Paw, IL and Nearby

As of July 31, 2026 the best value apartment in the Paw Paw area is the $0.93 price per square foot 4 TH Model at Mason Townhouse Suites in the in the Dekalb neighborhood starting from $2,050. The second greatest value Paw Paw apartment is the 2BA Model at York Meadow starting at $2,200 with a $1.17 price per square foot in the Whispering Meadows neighborhood. Here is today’s list of the best values for Paw Paw apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Mason Townhouse Suites4 TH4BR,3BA$0.93
York Meadow2BA3BR,2BA$1.17
Cortland EstatesTwo Bedroom2BR,1BA$1.62
Yorkville ApartmentsB2BR,1BA$1.82
Ashbury Court2B2BR,1BA$1.30
The Terraces at DekalbLincoln Hwy 2 Bed2BR,1BA$1.43
Countryside Village Apartments1 Bed, 1 bath1BR,1BA$2.86
Varsity Square ApartmentsSmall Corner 1 Bedroom1BR,1BA$1.75
The Terraces at Dekalb on Hillcrest DriveHillcrest Drive 1 Bed1BR,1BA$2.06
Amber ManorStudio A 60%Studio ,1BA$3.08

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.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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

Explore Paw Paw, IL Rentals by Map

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See the most popular apartments and homes in Paw Paw, IL

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Frequently Asked Questions about Cheap Paw Paw Apartments

What is the Cheapest Studio apartment in Paw Paw?

Currently the most affordable Cheap Studio Apartment in Paw Paw is at Amber Manor listed at $629.

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

The lowest price for a Cheap One Bedroom Paw Paw Apartment is $789 at Amber Manor.

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

Today's best deal for a Cheap Two Bedroom Apartment in Paw Paw is starting from $1,009 at Amber Manor.

What is the most affordable Paw Paw Three Bedroom Apartment?

The best deal on a cheap Paw Paw Three Bedroom Apartment rental is at The Terraces at Dekalb on Hillcrest Drive and starts from $1,220.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.