Cheap Homes for Rent in Russell, ON from $800 (12 Rentals)

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

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.

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.

Russell, ON Local Guide

Cheapest Available Russell Apartments for Rent and Nearby

 

The cheapest available apartment rental in Russell, ON is a Studio unit found at Saratoga Place in the East Central neighborhood priced from $1,249. 350 Mayfield in the East Central neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,260. Here is today’s list of the most affordable Russell apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Saratoga PlaceBachelorStudio,1BA$1,249
350 Mayfield350 Mayfield - Plan AStudio,1BA$1,260
50 Selkirk50 Selkirk - Plan AStudio,1BA$1,302
324 Cambridge324 Cambridge - Plan AStudio,1BA$1,328
The Dale1 Bedroom1BR,1BA$1,395

Best Value Apartments for Rent in Russell, ON and Nearby

As of April 12, 2026 the best value apartment in the Russell area is the $2.33 price per square foot Ogilvie & Elmridge - Townhome B Model at Ogilvie & Elmridge in the in the East Central neighborhood starting from $2,549. The second greatest value Russell apartment is the Large Two Bedroom Model at Bona Vista Apartments starting at $2,089 with a $1.93 price per square foot in the Downtown neighborhood. Here is today’s list of the best values for Russell apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Ogilvie & ElmridgeOgilvie & Elmridge - Townhome B3BR,1BA$2.33
Bona Vista ApartmentsLarge Two Bedroom2BR,2BA$1.93
Townhomes - Accora VillageTownhome 2B2BR,1.5BA$2.42
LumaOne Bedroom1BR,1BA$2.15
Concorde Apartments2 Bed 1 Bath B2BR,1BA$2.35
The Dale1 Bedroom1BR,1BA$2.02
Rivervale Apartments1C1BR,1BA$2.54
The Citadel Apartments1A1BR,1BA$2.53
The Faircrest1 Bedroom D1BR,1BA$2.50
Richlin Apartments1 Bedroom A1BR,1BA$2.50

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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Quick Rent Budget Calculator

How much rent can you afford?

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

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Frequently Asked Questions about Russell

What type of rentals are currently available in Russell?

There are currently 114 Apartments for Rent in Russell, ON with pricing that ranges from $979 to $5,500. There are also 78 Single Family Homes for rent, Condos, and Townhome rentals currently available in Russell ranging from $850 to $6,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Russell ranges from $850 to $6,000 with an average monthly rent of $2,446.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.