
Cheap Homes for Rent in Raleigh, IL from $300 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Raleigh.


212 E Lincoln St

309 2nd St

205 Vaux St

405 2nd St

404 N Carroll St

606 W College St

118 Elles Ave
Raleigh, IL Local Guide

How much does it cost to rent a home in Raleigh?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Raleigh 2 Bedroom Homes for Rent | $808 | $364 | $1,200 |
| Raleigh 3 Bedroom Homes for Rent | $1,247 | $690 | $1,750 |
| Raleigh 4 Bedroom Homes for Rent | $1,750 | $1,600 | $1,900 |
| Raleigh 5 Bedroom Homes for Rent | $1,670 | $1,141 | $2,200 |
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Raleigh, IL Local Guide
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Cheapest Available Raleigh Apartments for Rent and Nearby
 The cheapest available apartment rental in Raleigh, IL is a Studio unit found at THE QUADS APARTMENTS priced from $400. Saluki Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $420. Here is today’s list of the most affordable Raleigh apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| THE QUADS APARTMENTS | 0BR/1.0BA | Studio,1BA | $400 |
| Saluki Apartments | Studio | Studio,1BA | $420 |
| Campus Edge | Studio | Studio,1BA | $450 |
Best Value Apartments for Rent in Raleigh, IL and Nearby
As of November 13, 2025 the best value apartment in the Raleigh area is the $1.00 price per square foot 3 bedroom Model at 2707 Fairway Dr in the starting from $1,400. The second greatest value Raleigh apartment is the 3 Bedrooms Model at Grand Place Apartments starting at $1,185 with a $1.08 price per square foot . Here is today’s list of the best values for Raleigh apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2707 Fairway Dr | 3 bedroom | 3BR,2BA | $1.00 |
| Grand Place Apartments | 3 Bedrooms | 3BR,2BA | $1.08 |
| 900 on Park | Two Bedroom Furnished | 2BR,2BA | $0.82 |
| The Hill Apartments | The Hill 2 Bed 2 Bath | 2BR,2BA | $1.14 |
| Storyboard on Black Diamond | Black Diamond A1 | 1BR,1BA | $1.23 |
| Century Estates | 2 Beds, 1 bath | 2BR,1BA | $1.11 |
| Newly Renovated 2 Bedrooms! | 2BR/1.0BA | 2BR,1BA | $1.05 |
| Schilling Property Management | 1 Bed, 1 bath | 1BR,1BA | $0.79 |
| Aspen Court Apartments | One Bedroom | 1BR,1BA | $1.16 |
| The Metropolitan | Metropolis 1 Bed 1 Bath | 1BR,1BA | $1.20 |
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Frequently Asked Questions about Raleigh
What type of rentals are currently available in Raleigh?
There are currently 41 Apartments for Rent in Raleigh, IL with pricing that ranges from $295 to $2,080. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Raleigh ranging from $364 to $2,200.
What is the current price range for Rental Homes in Raleigh?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Raleigh ranges from $364 to $2,200 with an average monthly rent of $1,368.
How much are larger Three and Four Bedroom Rentals in Raleigh?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Raleigh range from $800 to $1,694, while Three Bedroom Homes, Condos, and Townhomes for rent range from $690 to $1,750. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $295.
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.