Cheap Homes for Rent in Rankin, IL from $400 (24 Rentals)

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Search the lowest-cost Homes available for rent right now in Rankin.

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.

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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.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-24, Page 1 of 1

Rankin, IL Local Guide

Cheapest Available Rankin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Rankin, IL is a Studio unit found at Brunswick Apartments priced from $625. Parker Glen has the second lowest priced unit, which is a 3 Beds apartment currently listed from $680. Here is today’s list of the most affordable Rankin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Brunswick ApartmentsStudioStudio,1BA$625
Parker Glen3 Bedroom3BR,2BA$680
West Liberty Point1 Bedroom1BR,1BA$700
The Grove1 Bed 1 Bath1BR,1BA$726
Windcrest Apartments1 Bedroom / 1 Bathroom1BR,1BA$750

Best Value Apartments for Rent in Rankin, IL and Nearby

As of July 24, 2025 the best value apartment in the Rankin area is the $0.65 price per square foot South Pointe 3bd/1.5ba Duplex w/ Carport & Base... Model at South Pointe Commons in the starting from $1,164. The second greatest value Rankin apartment is the 2 Bedroom/2.5 bath Model at 200 Vine St starting at $1,675 with a $1.07 price per square foot . Here is today’s list of the best values for Rankin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
South Pointe CommonsSouth Pointe 3bd/1.5ba Duplex w/ Carport & Base...3BR,1.5BA$0.65
200 Vine St2 Bedroom/2.5 bath2BR,2BA$1.07
Capstone QuartersThree Bedroom Standard3BR,3BA$0.45
Campus Circle UrbanaD24BR,4BA$0.69
Campus OaksFloorplan A - Price per person4BR,2BA$0.60
Town Center Apartments2 Bedroom 1 Bath2BR,1BA$0.97
Aspen CourtThe Sugar Maple2BR,1.5BA$1.10
Falcon Way TownhomesTwo Bedroom Townhome2BR,1BA$1.18
The Grove1 Bed 1 Bath1BR,1BA$0.97
West Liberty Point2 Bedroom2BR,1BA$1.07

Quick Rent Budget Calculator

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Frequently Asked Questions about Rankin

What type of rentals are currently available in Rankin?

There are currently 38 Apartments for Rent in Rankin, IL with pricing that ranges from $615 to $2,255. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rankin ranging from $400 to $2,999.

What is the current price range for Rental Homes in Rankin?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Rankin ranges from $400 to $2,999 with an average monthly rent of $1,857.

How much are larger Three and Four Bedroom Rentals in Rankin?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Rankin range from $859 to $1,751, while Three Bedroom Homes, Condos, and Townhomes for rent range from $775 to $2,100. Four Bedroom Single-Family rentals are also available starting from $975 and Four Bedroom Apartments start at $949.

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.

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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.

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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.

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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.

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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.