Cheap Homes for Rent in Rankin, IL from $500 (31 Rentals)

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

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.

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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 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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Showing Results 1-31, 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
The Grove1 Bed 1 Bath1BR,1BA$726
Windcrest Apartments1 Bedroom / 1 Bathroom1BR,1BA$750
West Liberty Point2 Bedroom2BR,1BA$800
Golfview VillageThe McGavin3BR,1BA$820
University ParkOne Bedroom1BR,1BA$825
Prairie Green Apartment Homes2 Bed 1 Bath2BR,1BA$850
Townway Place1 Beds, 1 Baths1BR,1BA$850
South Pointe CommonsSouth Pointe 3bd/1.5ba Townhouse3BR,1BA$860

Best Value Apartments for Rent in Rankin, IL and Nearby

As of September 08, 2025 the best value apartment in the Rankin area is the $1.07 price per square foot 2 Bedroom/2.5 bath Model at 200 Vine St in the starting from $1,675. The second greatest value Rankin apartment is the The McGavin Model at Golfview Village starting at $820 with a $0.69 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.
200 Vine St2 Bedroom/2.5 bath2BR,2BA$1.07
Golfview VillageThe McGavin3BR,1.5BA$0.69
South Pointe CommonsSouth Pointe 3bd/1.5ba Townhouse3BR,1.5BA$0.82
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$1.11
Prairie Green Apartment Homes2 Bed 1 Bath2BR,1BA$1.09
The Grove1 Bed 1 Bath1BR,1BA$0.97
West Liberty Point2 Bedroom2BR,1BA$1.07

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Rankin, IL Rentals by Map

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See the most popular apartments and homes in Rankin, IL

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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 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rankin ranging from $500 to $2,950.

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 $500 to $2,950 with an average monthly rent of $1,187.

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 $820 to $1,494, while Three Bedroom Homes, Condos, and Townhomes for rent range from $500 to $1,595. Four Bedroom Single-Family rentals are also available starting from $875 and Four Bedroom Apartments start at $919.

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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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.

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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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.

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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.