
Cheap Homes for Rent in Putnam, IL from $600 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Putnam.


214 S Bloomington St

146-148 Fauber Ln

150-152 Fauber Ln
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.

921 1st St

108 S 3rd Ave

205 Sandra Ave

5012 N Ogden Ave
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

3119 W Willow Knolls Dr
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 | $1,062 | $650 | $1,750 |
Putnam 3 Bedroom Homes for Rent | $1,896 | $1,195 | $2,750 |
Browse Top Homes for Rent in Putnam
Explore Putnam
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 |
Best Value Apartments for Rent in Putnam, IL and Nearby
As of June 09, 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 |
The Grove Apartments | Signature 2 Bed / 1.5 Bath | 2BR,1.5BA | $1.13 |
504 S Sweetbriar Dr | Model | 2BR,1BA | $1.11 |
Versailles Apartments | Royal - 2BR / 1BA | 2BR,1BA | $0.99 |
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 |
Quick Rent Budget Calculator
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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 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Putnam ranging from $650 to $2,750.
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 $650 to $2,750 with an average monthly rent of $1,130.
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 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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.