Cheap Homes for Rent in Paxton, IL from $500 (8 Rentals)

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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.

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

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 ListingModel NameBed/BathPriced From
Falcon Way TownhomesOne Bedroom1BR,1BA$668
Parker Glen3 Bedroom3BR,2BA$680
Windcrest Apartments1 Bedroom / 1 Bathroom1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
200 Vine St2 Bedroom/2.5 bath2BR,2BA$1.07
Nantucket Cove ApartmentsThe Cambridge3BR,2BA$1.19
Golfview VillageThe McGavin3BR,1.5BA$0.69
South Pointe CommonsSouth Pointe 3bd/1.5ba Townhouse3BR,1.5BA$0.81
Town Center Apartments2 Bedroom 1 Bath2BR,1BA$0.97
Meadowview Apartments - MahometTwo Bedroom One Bathroom2BR,1BA$1.03
808 N Lincoln Ave2 Bed / 1 Bath2BR,1BA$1.12
West Liberty Point2 Bedroom2BR,1BA$1.07
University ParkOne Bedroom1BR,1BA$1.14
The AtriumSingle (shared common area)1BR,1BA$1.30

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

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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.

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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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

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.

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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.