Cheap Apartments for Rent in Plano, IL from $500 (48 Rentals)

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

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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Downer Place Lofts
$1,695 - $1,850
Total Monthly Price

Total Monthly Price

Base Rent
$1,695 - $1,850
Total Monthly Price
$1,695 - $1,850
1 Bedroom Apartments Available Now

Downer Place Lofts

220 E Downer PlAurora, IL 60505
Eco-Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included

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
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Deville Manor
1 to 2 Bedroom Apartments

Deville Manor

110 5th StOswego, IL 60543
Senior Living
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Village West Apartments
1 to 2 Bedroom Apartments

Village West Apartments

1971 Lilac LnAurora, IL 60506
Corporate Housing
  • 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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Keystone Lofts
1 Bedroom Apartments

Keystone Lofts

30 S Stolp AveAurora, IL 60506
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Lake Pointe
1 to 3 Bedroom Apartments

Lake Pointe

461 N Lake StAurora, IL 60506
  • Utilities Included
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South Adams St
2 Bedroom Apartments

South Adams St

209 S Adams StOswego, IL 60543

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.

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North Adams St
2 Bedroom Apartments

North Adams St

182 N Adams StOswego, IL 60543
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Plano, IL Local Guide

Cheapest Available Plano Apartments for Rent

 

The cheapest available apartment rental in Plano, IL is a 3 Beds unit found at Sage Crest Apartments in the West Side Aurora neighborhood priced from $600. Wedgewood Manor Active Senior Living in the Ashcroft Place neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,070. Here is today’s list of the most affordable Plano apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Sage Crest Apartments3 Beds, 1 bath3BR,1BA$600
Wedgewood Manor Active Senior LivingB1BR,1BA$1,070
Leland Tower ApartmentsStudioStudio,1BA$1,090
Deville Manor1 Bedroom1BR,1BA$1,250
Lakeview Residences0BR/1.0BAStudio,1BA$1,325
Arbor West Apartments1BR/1BA small1BR,1BA$1,440
The Reserve at Hudson CrossingHarrisonStudio,1BA$1,450
The LUXE Residences of Aurora 55+ CommunityOne Bedroom Small (LRA-1S)1BR,1BA$1,550
Countryside Village Apartments1 Bed, 1 bath1BR,1BA$1,578
Fox Pointe2B2B2BR,2BA$1,589

Best Value Apartments for Rent in Plano, IL

As of July 27, 2026 the best value apartment in the Plano area is the $1.85 price per square foot Capewood Model at Redwood Oswego in the in the Blackberry Crossing West neighborhood starting from $2,999. The second greatest value Plano apartment is the Capewood Model at Redwood Aurora starting at $3,027 with a $1.87 price per square foot in the West Side Aurora neighborhood. Here is today’s list of the best values for Plano apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Redwood OswegoCapewood2BR,2BA$1.85
Redwood AuroraCapewood2BR,2BA$1.87
Heyday AuroraDTH La Belle3BR,2.5BA$1.94
Bristol Bay of YorkvilleAccera2BR,2.5BA$1.74
Reserve at Fox River3BR3BR,2BA$1.78
Fox Pointe2B2B2BR,2BA$1.72
Downer Place Lofts1 Bed/1 Bath1BR,1BA$1.96
Deville Manor1 Bedroom1BR,1BA$1.82
Wedgewood Manor Active Senior LivingB1BR,1BA$1.78
Sage Crest Apartments1 Bed, 1 bath1BR,1BA$1.00

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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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.

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Plano, IL

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

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Frequently Asked Questions about Cheap Plano Apartments

What is the Cheapest Studio apartment in Plano?

Currently the most affordable Cheap Studio Apartment in Plano is at Leland Tower Apartments listed at $1,090.

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

The lowest price for a Cheap One Bedroom Plano Apartment is $600 at Sage Crest Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Plano is starting from $600 at Sage Crest Apartments.

What is the most affordable Plano Three Bedroom Apartment?

The best deal on a cheap Plano Three Bedroom Apartment rental is at Sage Crest Apartments and starts from $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

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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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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.

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.