
Cheap Homes for Rent near Roanoke, IL from $500 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Roanoke.


505 E Virginia Ave

412 E Arcadia Ave
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

126-128 Fauber Ln

730 E McClure Ave

119 S Main St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Roanoke, IL Local Guide

How much does it cost to rent a home in Roanoke?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Roanoke 2 Bedroom Homes for Rent | $1,313 | $575 | $3,000 |
| Roanoke 3 Bedroom Homes for Rent | $1,805 | $680 | $3,500 |
| Roanoke 4 Bedroom Homes for Rent | $2,176 | $528 | $3,200 |
| Roanoke 5 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
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Roanoke, IL Local Guide
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Cheapest Available Roanoke Apartments for Rent and Nearby
 The cheapest available apartment rental in Roanoke, IL is a 1 Bed unit found at Colonial Village priced from $625. Winkler Village Apartments in the Woodford County neighborhood 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 Roanoke apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Colonial Village | 1 Bedroom | 1BR,1BA | $625 |
| Winkler Village Apartments | 1BD 1BTH | 1BR,1BA | $725 |
| Knoxville Manor Apartments | Level 2 | 1BR,1BA | $775 |
Best Value Apartments for Rent in Roanoke, IL and Nearby
As of July 29, 2026 the best value apartment in the Roanoke area is the $1.16 price per square foot 2x2 Model at Cedar Creek Apartments in the starting from $1,395. The second greatest value Roanoke apartment is the 2 Bed / 2 Bath | Upper Level Model at Harvest View starting at $1,399 with a $1.19 price per square foot . Here is today’s list of the best values for Roanoke apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Cedar Creek Apartments | 2x2 | 2BR,2BA | $1.16 |
| Harvest View | 2 Bed / 2 Bath | Upper Level | 2BR,2BA | $1.19 |
| Woodfield Queenwood Apartments | Two Bedrooms- Woodfield | 2BR,1BA | $1.08 |
| The Mallard Way Rental Community | 1 bed 1 bath | 1BR,1BA | $1.22 |
| Versailles Apartments | Hamlet - 1BR / 1BA | 1BR,1BA | $1.13 |
| The Social Normal | The Redbird Corner Renovated | 2BR,2BA | $1.03 |
| Crestwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.18 |
| Winkler Village Apartments | 1BD 1BTH | 1BR,1BA | $1.06 |
| Glen Oak Manor | 2BR/1.0BA | 2BR,1BA | $1.23 |
| Colonial Village | 1 Bedroom | 1BR,1BA | $1.14 |
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 ArticleReal 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.
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Roanoke
What type of rentals are currently available in Roanoke?
There are currently 49 Apartments for Rent in Roanoke, IL with pricing that ranges from $659 to $5,060. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Roanoke ranging from $528 to $3,500.
What is the current price range for Rental Homes in Roanoke?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Roanoke ranges from $528 to $3,500 with an average monthly rent of $2,073.
How much are larger Three and Four Bedroom Rentals in Roanoke?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Roanoke range from $798 to $2,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $680 to $3,500. Four Bedroom Single-Family rentals are also available starting from $528 and Four Bedroom Apartments start at $659.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.