Cheap Homes for Rent in Riverside, IL from $1,000 (15 Rentals)

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

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.

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.

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.

Riverside, IL Local Guide

Cheapest Available Riverside Apartments for Rent and Nearby

 

The cheapest available apartment rental in Riverside, IL is a 1 Bed unit found at 3125-3129 S Harlem Ave in the Ogden Avenue District neighborhood priced from $1,250. Grand Park Apartments in the Maybrook Square neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,260. Here is today’s list of the most affordable Riverside apartments for rent:

Apartment ListingModel NameBed/BathPriced From
3125-3129 S Harlem Ave2B1BR,1BA$1,250
Grand Park Apartments1 Bedroom 1 Bathroom Apartment1BR,1BA$1,260
2101 Wesley Ave111BR,1BA$1,300
2115 S 4th Ave1 Bedroom 1 Bath Apartment1BR,1BA$1,330
2110 S 5th Ave1 Bedroom 1 Bath Apartment1BR,1BA$1,495

Best Value Apartments for Rent in Riverside, IL and Nearby

As of October 13, 2025 the best value apartment in the Riverside area is the $1.28 price per square foot 4540 Park Ave Model at 4540 Park Ave, Unit 4540 Park Ave 1F in the in the Old Town Western Springs neighborhood starting from $2,300. The second greatest value Riverside apartment is the 9025 Burlington Ave Model at 9025 Burlington Ave, Unit 2floor starting at $1,300 with a $0.76 price per square foot in the Old Town Western Springs neighborhood. Here is today’s list of the best values for Riverside apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
4540 Park Ave, Unit 4540 Park Ave 1F4540 Park Ave3BR,1.5BA$1.28
9025 Burlington Ave, Unit 2floor9025 Burlington Ave1BR,1BA$0.76
1115 S Oak Park Ave, Unit 1115 S. Oak Park1115 S Oak Park Ave2BR,1BA$1.75
85 E Quincy St, Unit 285 E Quincy St3BR,1BA$1.96
1845 Grove Ave, Unit 2 top floor1845 Grove Ave2BR,1BA$1.45
Hunter Brook Group2 Bedroom2BR,1BA$1.50
1921 S Harlem Ave, Unit 2W1921 S Harlem Ave2BR,1BA$1.60
1852 Grove Ave, Unit 1B1852 Grove Ave1BR,1BA$1.43
Grand Park ApartmentsRenovated 1 Bedroom 1 Bathroom1BR,1BA$1.95
2101 Wesley Ave111BR,1BA$1.86

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

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Frequently Asked Questions about Riverside

What type of rentals are currently available in Riverside?

There are currently 477 Apartments for Rent in Riverside, IL with pricing that ranges from $1,075 to $16,476. There are also 65 Single Family Homes for rent, Condos, and Townhome rentals currently available in Riverside ranging from $1,050 to $4,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Riverside ranges from $1,050 to $4,000 with an average monthly rent of $2,013.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Riverside range from $1,700 to $6,949, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $4,000. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $10,000.

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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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago

Written by: Nicole Harms

I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.