
Cheap Homes for Rent in Putnam, IL from $700 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Putnam.


611 W Matthews St

1818 4th St

432 6th 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.

301 W 2nd Pl

320 W St Paul St

3616 NE Monroe St

205 Sandra Ave

3119 W Willow Knolls Dr

3215 W Willow Knolls Dr

615 Green St

658 6th St

1615 E Wilson Ave

210 E Farnham St
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Putnam, IL Local Guide

How much does it cost to rent a home in Putnam?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Putnam 2 Bedroom Homes for Rent | $1,257 | $780 | $2,300 |
Putnam 3 Bedroom Homes for Rent | $1,801 | $950 | $4,500 |
Putnam 5 Bedroom Homes for Rent | $3,800 | $3,800 | $3,800 |
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Putnam, IL Local Guide
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Cheapest Available Putnam Apartments for Rent and Nearby
 The cheapest available apartment rental in Putnam, IL is a 1 Bed unit found at Knoxville Manor Apartments in the Northmoor Knolls neighborhood priced from $675. Hollow Hills in the Windchime neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $700. Here is today’s list of the most affordable Putnam apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Knoxville Manor Apartments | Garden Level | 1BR,1BA | $675 |
Hollow Hills | Studio | Studio,1BA | $700 |
Willow Knolls Apartments | Studio | Studio,1BA | $700 |
Winkler Village Apartments | 1BD 1BTH | 1BR,1BA | $725 |
Woods + Meadow Apartments | Studio Apartment in North Peoria | Studio,1BA | $775 |
Best Value Apartments for Rent in Putnam, IL and Nearby
As of July 31, 2025 the best value apartment in the Putnam area is the $1.14 price per square foot 3 Bedroom 2 Bath Model at Eagle Point Apartments in the in the Northmoor Knolls neighborhood starting from $1,550. The second greatest value Putnam apartment is the 3 Bed 1 Bath Model at 1512 E Gardner Ln starting at $795 with a $0.66 price per square foot in the Northmoor Knolls neighborhood. Here is today’s list of the best values for Putnam apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Eagle Point Apartments | 3 Bedroom 2 Bath | 2BR,2BA | $1.14 |
1512 E Gardner Ln | 3 Bed 1 Bath | 3BR,1BA | $0.66 |
Versailles Apartments | Crown - 2BR / 1BA | 2BR,1BA | $1.03 |
504 S Sweetbriar Dr | Model | 2BR,1BA | $1.11 |
Hillcrest Apartments | 2 BR / 1 BA | 2BR,1BA | $1.12 |
Brighton Woods | 1Bed1Bath | 1BR,1BA | $1.06 |
Nordic Villa Apartments | Loft | 1BR,1BA | $1.18 |
Winkler Village Apartments | 1BD 1BTH | 1BR,1BA | $1.06 |
Hollow Hills | Studio | Studio ,1BA | $1.08 |
Woods + Meadow Apartments | Studio Apartment in North Peoria | Studio ,1BA | $1.12 |
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Frequently Asked Questions about Putnam
What type of rentals are currently available in Putnam?
There are currently 37 Apartments for Rent in Putnam, IL with pricing that ranges from $650 to $2,675. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Putnam ranging from $725 to $4,500.
What is the current price range for Rental Homes in Putnam?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Putnam ranges from $725 to $4,500 with an average monthly rent of $1,970.
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.

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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.