
Cheap Homes for Rent in Paxton, IL from $500 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Paxton.


145 S Donovan St

1903 N Lincoln Ave

802 W Hill 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.

202 S Lynn St

201 S 5th St

810 E High St

913 N Gregory 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.
Paxton, IL Local Guide

How much does it cost to rent a home in Paxton?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Paxton 2 Bedroom Homes for Rent | $1,053 | $500 | $1,375 |
Paxton 3 Bedroom Homes for Rent | $1,827 | $500 | $5,000 |
Paxton 4 Bedroom Homes for Rent | $1,833 | $1,300 | $2,300 |
Paxton 5 Bedroom Homes for Rent | $3,400 | $3,400 | $3,400 |
Paxton 7 Bedroom Homes for Rent | $7,000 | $7,000 | $7,000 |
Browse Top Homes for Rent in Paxton
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Paxton, IL Local Guide
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Cheapest Available Paxton Apartments for Rent and Nearby
 The cheapest available apartment rental in Paxton, IL is a 1 Bed unit found at Falcon Way Townhomes priced from $668. Parker Glen has the second lowest priced unit, which is a 3 Beds apartment currently listed from $680. Here is today’s list of the most affordable Paxton apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Falcon Way Townhomes | One Bedroom | 1BR,1BA | $668 |
Parker Glen | 3 Bedroom | 3BR,2BA | $680 |
Windcrest Apartments | 1 Bedroom / 1 Bathroom | 1BR,1BA | $750 |
Best Value Apartments for Rent in Paxton, IL and Nearby
As of September 07, 2025 the best value apartment in the Paxton area is the $1.07 price per square foot 2 Bedroom/2.5 bath Model at 200 Vine St in the starting from $1,675. The second greatest value Paxton apartment is the The Cambridge Model at Nantucket Cove Apartments starting at $1,469 with a $1.19 price per square foot . Here is today’s list of the best values for Paxton apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
200 Vine St | 2 Bedroom/2.5 bath | 2BR,2BA | $1.07 |
Nantucket Cove Apartments | The Cambridge | 3BR,2BA | $1.19 |
Golfview Village | The McGavin | 3BR,1.5BA | $0.69 |
South Pointe Commons | South Pointe 3bd/1.5ba Townhouse | 3BR,1.5BA | $0.81 |
Town Center Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $0.97 |
Meadowview Apartments - Mahomet | Two Bedroom One Bathroom | 2BR,1BA | $1.03 |
808 N Lincoln Ave | 2 Bed / 1 Bath | 2BR,1BA | $1.12 |
West Liberty Point | 2 Bedroom | 2BR,1BA | $1.07 |
University Park | One Bedroom | 1BR,1BA | $1.14 |
The Atrium | Single (shared common area) | 1BR,1BA | $1.30 |
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Frequently Asked Questions about Paxton
What type of rentals are currently available in Paxton?
There are currently 43 Apartments for Rent in Paxton, IL with pricing that ranges from $615 to $2,255. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Paxton ranging from $500 to $7,000.
What is the current price range for Rental Homes in Paxton?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Paxton ranges from $500 to $7,000 with an average monthly rent of $2,698.
How much are larger Three and Four Bedroom Rentals in Paxton?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Paxton range from $820 to $1,849, while Three Bedroom Homes, Condos, and Townhomes for rent range from $500 to $5,000. Four Bedroom Single-Family rentals are also available starting from $1,300 and Four Bedroom Apartments start at $919.
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.

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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.