Cheap Apartments for Rent near Prairie Grove, IL from $500 (34 Rentals)

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

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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Fawn Ridge Apartments
1 to 3 Bedroom Apartments

Fawn Ridge Apartments

1941 N Orleans StMcHenry, IL 60050
  • Utilities Included
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Taylor Place
1 to 3 Bedroom Apartments

Taylor Place

4103 W Crystal Lake RdMcHenry, IL 60050
  • 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 1-34, Page 1 of 1

Prairie Grove, IL Local Guide

Cheapest Available Prairie Grove Apartments for Rent and Nearby

 

The cheapest available apartment rental in Prairie Grove, IL is a 1 Bed unit found at Cary Horizon in the Arrowhead neighborhood priced from $570. McHenry Commons in the Lincoln Hills neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $576. Here is today’s list of the most affordable Prairie Grove apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cary Horizon1 Bedroom - 30-60%1BR,1BA$570
McHenry CommonsBirch - 30% AMI1BR,1BA$576
Wauconda Park Apartments1 Bed / 1 Bath1BR,1BA$1,200
Fawn Ridge ApartmentsValley View1BR,1BA$1,220
Patriot Prairie of Woodstock1X11BR,1BA$1,225
Willow BrookeOne Bedroom1BR,1BA$1,280
Patriot Oaks1 Bedroom 1 Bathroom1BR,1BA$1,307
The Church Street Apartments1 Bedroom1BR,1BA$1,400
Coventry Glen Apartments1 Bdrm/1 Bath-1st FlrH1BR,1BA$1,445

Best Value Apartments for Rent in Prairie Grove, IL and Nearby

As of July 23, 2026 the best value apartment in the Prairie Grove area is the $1.25 price per square foot Champion Single Wide Model at Oakbrook Estates- Senior 55+ Community in the in the East Suburban McHenry neighborhood starting from $1,500. The second greatest value Prairie Grove apartment is the 2 Bed 2 Bath Model at Stone Edge Apartments starting at $1,500 with a $1.36 price per square foot in the The Oaks at Irish Praire neighborhood. Here is today’s list of the best values for Prairie Grove apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR,2BA$1.25
Stone Edge Apartments2 Bed 2 Bath2BR,2BA$1.36
River PlaceResidence #5, 6, 7 and 8 (Plus Den)1BR,2BA$1.82
The Church Street Apartments1 Bedroom1BR,1BA$1.40
Crystal Lake Apartments2 Bedroom Townhome with Firepl2BR,1BA$1.96
Cary Horizon2 Bedroom - 60%2BR,1BA$1.56
McHenry CommonsBirch - 30% AMI1BR,1BA$0.78
Willow BrookeOne Bedroom1BR,1BA$1.90
4408 W Shamrock Ln, Unit 2D4408 W Shamrock Ln1BR,1BA$1.78
Fawn Ridge ApartmentsValley View1BR,1BA$1.81

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 Prairie Grove, IL Rentals by Map

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Frequently Asked Questions about Cheap Prairie Grove Apartments

How much is rent for a Cheap One Bedroom Prairie Grove Apartment?

The lowest price for a Cheap One Bedroom Prairie Grove Apartment is $570 at Cary Horizon.

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

Today's best deal for a Cheap Two Bedroom Apartment in Prairie Grove is starting from $1,347 at Fawn Ridge Apartments.

What is the most affordable Prairie Grove Three Bedroom Apartment?

The best deal on a cheap Prairie Grove Three Bedroom Apartment rental is at Oakbrook Estates- Senior 55+ Community and starts from $1,500.

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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

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.