Cheap Apartments for Rent in the Downtown Rock Island Neighborhood of Rock Island, IL from $400 (76 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Rock Island area of Rock Island.

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Spencer Towers
1 Bedroom Apartments

Spencer Towers

111 20th StRock Island, IL 61201
  • Utilities Included
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Coventry Apartments
1 Bedroom Apartments

Coventry Apartments

1900 6th AveRock Island, IL 61201
Senior Living

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The Locks
1 to 2 Bedroom Apartments

The Locks

100 20th StRock Island, IL 61201
  • Utilities Included

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.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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720 E 14th St
$900 - $950
Total Monthly Price

Total Monthly Price

Base Rent
$900 - $950
Total Monthly Price
$900 - $950
2 Bedroom Apartment Available Now

720 E 14th St

720 E 14th StDavenport, IA 52803
  • Smoke Free

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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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Downtown Rock Island, Rock Island, IL Local Guide

Cheapest Available Downtown Rock Island Apartments for Rent

 

The cheapest available apartment rental in the Downtown Rock Island area of Rock Island, IL is a 1 Bed unit found at RIVERWALK LOFTS priced from $650. Andresen Flats has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable Downtown Rock Island apartments for rent in Rock Island, IL:

Apartment ListingModel NameBed/BathPriced From
RIVERWALK LOFTS1 Bed 1 Bath1BR,1BA$650
Andresen Flats1 Beds, 1 Baths1BR,1BA$700
Apartments on MainStudioStudio,1BA$750
Carriage Hill1BR/1.0BA1BR,1BA$775
Pershing Hill LoftsStudioStudio,1BA$818
Crescent LoftsIncome Restricted1BR,1BA$824

Best Value Apartments for Rent in Downtown Rock Island, IL

As of July 25, 2026 the best value apartment in the Downtown Rock Island area is the $0.86 price per square foot 1 Bedroom / 1 Bath Model at Pierce School Lofts in the in the Vander Veer Park neighborhood starting from $1,075. The second greatest value Downtown Rock Island apartment is the 1bd/1ba Model at Davenport Bank Apartments starting at $1,250 with a $1.04 price per square foot in the Vander Veer Park neighborhood. Here is today’s list of the best values for Downtown Rock Island apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Pierce School Lofts1 Bedroom / 1 Bath1BR,1BA$0.86
Davenport Bank Apartments1bd/1ba1BR,1BA$1.04
2900 8 1/2 Ave, Unit 222900 8 1/2 Ave3BR,2BA$1.00
Bucktown Lofts1 BR/ 1 BA1BR,1BA$0.84
Halligan Coffee Company Lofts2x12BR,1BA$0.93
2111 W 6th St, Unit 21112111 W 6th St2BR,1BA$0.70
Vue at 7th2 Bedroom 1 Bathroom2BR,1BA$1.00
1529 W 6th St, Unit 15271529 W 6th St2BR,1BA$1.13
Carriage Hill1BR/1.0BA1BR,1BA$1.09
RIVERWALK LOFTS1 Bed 1 Bath1BR,1BA$0.99

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.

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Real 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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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Downtown Rock Island, Rock Island, IL

Ranked #6

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Downtown Rock Island Apartments

What is a cheap apartment in Downtown Rock Island?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Rock Island is under $824.

What is the price of a cheap apartment in Downtown Rock Island?

The cheapest apartment in Downtown Rock Island is RIVERWALK LOFTS which is listed at $650, while the average apartment in Downtown Rock Island costs $1,525.

What types of apartments are the cheapest in Downtown Rock Island?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 11 regular apartments in Downtown Rock Island that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Downtown Rock Island?

Cheap apartments in Downtown Rock Island have an average cost of $290 which is $1,235 cheaper than the average rent for all rentals in Downtown Rock Island.

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

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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.

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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.

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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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.