503 W North St
WalnutIL61376
Cheap Homes for Rent in Putnam, IL from $500 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Putnam.
1108 Paul St
OttawaIL61350
725 Joliet St
La SalleIL61301
537 1/2 Bucklin St
La SalleIL61301
526 Fairholm Ave
PeoriaIL61603
2408 W Reservoir Blvd
PeoriaIL61604
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.
826 N Spalding St
Spring ValleyIL61362
310 N La Salle Ave
LaddIL61329
918 6th St
La SalleIL61301
821 E Wilson Ave
Peoria HeightsIL61616
1016 10th St
La SalleIL61301
802 E London Ave
Peoria HeightsIL61616
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.
Showing Results 1-12, Page 1 of 1
Putnam, IL Local Guide
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How much does it cost to rent a home in Putnam?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Putnam 2 Bedroom Homes for Rent | $1,460 | $995 | $2,400 |
| Putnam 3 Bedroom Homes for Rent | $2,002 | $925 | $3,500 |
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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 Studio unit found at Hollow Hills in the Windchime neighborhood priced from $700. Winkler Village Apartments 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 Putnam apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hollow Hills | Studio | Studio,1BA | $700 |
| Winkler Village Apartments | 1BD 1BTH | 1BR,1BA | $725 |
| Willow Knolls Apartments | Studio | Studio,1BA | $750 |
| Nordic Villa Apartments | Loft | 1BR,1BA | $875 |
| The Village on University | Collins at Village South | 1BR,1BA | $895 |
Best Value Apartments for Rent in Putnam, IL and Nearby
As of May 25, 2026 the best value apartment in the Putnam 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 Putnam apartment is the Signature 3 Bed / 2 Bath 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 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 | $1.18 |
| The Grove Apartments | Signature 3 Bed / 2 Bath | 3BR,2BA | $1.36 |
| Hollow Creek IV Apartments | HCIV2S1FP | 2BR,2BA | $1.22 |
| Hollow Hills | 3 bedroom 2 bath | 3BR,2BA | $1.33 |
| Camden Hills Apartments | 2 Bedroom, 2 Bath | 2BR,2BA | $1.23 |
| Nordic Villa Apartments | Townhouse | 2BR,1.5BA | $1.28 |
| Hillcrest Apartments | 2 BR / 1 BA | 2BR,1BA | $1.15 |
| Forest Hills Apartments | 1x1 | 1BR,1BA | $1.12 |
| The Village on University | Collins at Village South | 1BR,1BA | $1.24 |
| Winkler Village Apartments | 1BD 1BTH | 1BR,1BA | $1.06 |
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
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 ArticleQuick 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.
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Explore Putnam, IL Rentals by Map
See the most popular apartments and homes in Putnam, IL
Frequently Asked Questions about Putnam
What type of rentals are currently available in Putnam?
There are currently 41 Apartments for Rent in Putnam, IL with pricing that ranges from $700 to $2,675. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Putnam ranging from $500 to $3,500.
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 $500 to $3,500 with an average monthly rent of $1,354.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.