Cheap Apartments for Rent in Princeton, IL from $625 (45 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 518 S Chestnut St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

3 Bedroom, 2 Bath Home for Rent

Available Sep 7

518 S Chestnut St

PrincetonIL61356
close
View Me
Parkway Apartments
1 to 3 Bedroom Apartments

Parkway Apartments

419 Anderson StPrinceton, IL 61356
property at 437 E Marion St

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095
Total Monthly Price
$1,095

2 Bedroom, 1 Bath Condo for Rent

Available Now

437 E Marion St, Unit 2E

437 E Marion St
PrincetonIL61356

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.

Read Article

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.

Read Article
close
View Me
Tiffany Pointe
Studio to 2 Bedroom Apartments

Tiffany Pointe

1508 W Tiffany DrPeoria, IL 61614
close
View Me
Rock Falls Apartments
Studio to 2 Bedroom Apartments

Rock Falls Apartments

1608 E Rock Falls RdRock Falls, IL 61071
  • 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.

Read Article
close
View Me
Woods + Meadow Apartments
Studio to 1 Bedroom Apartments

Woods + Meadow Apartments

2215 W Willow Knolls DrPeoria, IL 61614
Corporate Housing
  • Utilities Included
close
View Me
1512 E Gardner Ln
3 Bedroom Apartments

1512 E Gardner Ln

1512 E Gardner LnPeoria Heights, IL 61616
close
View Me
Willow Way
1 to 2 Bedroom Apartments

Willow Way

2630 W Willowlake DrPeoria, IL 61614
  • Smoke Free
property at 407 6th St

$875

1 Bedroom, 1 Bath Home for Rent

Available Now

407 6th St

MendotaIL61342

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.

Read Article

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.

Read Article
Showing Results 1-45, Page 1 of 1

Princeton, IL Local Guide

Cheapest Available Princeton Apartments for Rent and Nearby

 

The cheapest available apartment rental in Princeton, IL is a Studio unit found at Northland Park Apartments priced from $625. Winkler Village Apartments in the Woodford County neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable Princeton apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Northland Park ApartmentsStudioStudio,1BA$625
Winkler Village Apartments1BD 1BTH1BR,1BA$725
Dixon River Apartments2BD/2BA2BR,1BA$775
Willow Knolls ApartmentsStudio / 1 BathStudio,1BA$799
Hollow Hills Apartments1 Bed / 1 Bath (615 sqft)1BR,1BA$849
Nordic Villa ApartmentsLoft1BR,1BA$875
The Village on UniversityTucker at Village North1BR,1BA$880
The Grove ApartmentsStandard 1 Bed / 1 Bath1BR,1BA$975
Hillcrest Apartments2 BR / 1 BA2BR,1BA$979
Dunlap Lakeside2 Beds, 1 Baths2BR,1BA$1,050

Best Value Apartments for Rent in Princeton, IL and Nearby

As of August 25, 2026 the best value apartment in the Princeton area is the $1.18 price per square foot 3 Bedroom 2 Bath Model at Eagle Point Apartments in the in the Northmoor Knolls neighborhood starting from $1,600. The second greatest value Princeton apartment is the Signature 3 Bed, 2 Bath | 1,160 Sq Ft Model at The Grove Apartments starting at $1,575 with a $1.36 price per square foot in the Northmoor Knolls neighborhood. Here is today’s list of the best values for Princeton apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Eagle Point Apartments3 Bedroom 2 Bath2BR,2BA$1.18
The Grove ApartmentsSignature 3 Bed, 2 Bath | 1,160 Sq Ft3BR,2BA$1.36
Camden Hills Apartments2 Bedroom, 2 Bath2BR,2BA$1.23
Nordic Villa ApartmentsTownhouse2BR,1.5BA$1.28
Kellogg Place Apartments2 Bed / 1 Bath2BR,1BA$1.23
Hillcrest Apartments2 BR / 1 BA2BR,1BA$1.15
Dixon River Apartments2BD/2BA2BR,1BA$0.92
Woodsage Apartments1 Bedroom Unit1BR,1BA$1.44
Winkler Village Apartments1BD 1BTH1BR,1BA$1.06
Hollow Hills Apartments1 Bed / 1 Bath (615 sqft)1BR,1BA$1.38

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.

Read Article
Decorative image

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.

Read Article
Decorative image

Quick Rent Budget Calculator

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.

decorative image of people with a giant lease agreement

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

Explore Princeton, IL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Princeton, IL

View Map
Princeton, IL Apartments Map
View Map
Princeton, IL Rental Homes Map

Frequently Asked Questions about Cheap Princeton Apartments

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

The lowest price for a Cheap One Bedroom Princeton Apartment is $725 at Winkler Village Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Princeton is starting from $775 at Dixon River Apartments.

What is the most affordable Princeton Three Bedroom Apartment?

The best deal on a cheap Princeton Three Bedroom Apartment rental is at Dixon River Apartments and starts from $910.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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 Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

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.