
Cheap Apartments for Rent near Rutland, IL from $600 (49 Rentals)
Search the lowest-cost Apartments available for rent right now in Rutland.


Summertree Rental Residences

Forest Park Apartments

Winkler Village Apartments

Phoenix Apartments of Pontiac

Cedar Crossing Apartments

CollegePlace Uptown

Versailles Apartments

Lincoln Square Apartments
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.

Parkway Court Apartments

Pinecrest Apartments

Ironwood Gardens Apartments

Pontiac Towers

The Current Apartments

Dunlap Lakeside

300 Shelbourne

The Mallard Way Rental Community

BayOak
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.

St James Place

Healing Stone Court Apartments

Oak Point Apartments

Briarwood II

Knoxville Pointe

504 S Sweetbriar Dr

621 Gooding St

126-128 Fauber Ln

1512 E Gardner Ln
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.

636 Joliet St

214 S Bloomington St

The Hillsides

415-421 W Forrest Lawn Ave

119 S Main St

501 E Cleveland St

705 E Timber St

2 Curtis Ct

Williams Street Townhomes
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.

1846 N 2871st Rd

826 N Spalding St

611 W Matthews St

Parkview Apartments

1823 9th St

605 N Monroe St

1101 Cambridge Dr

Prairie Vista Apartments

31453 Burt Ct
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.

103 Hollyhock Ln

31497 Burt St

31451 Burt Ct

1085 Spring Bay Rd
Rutland, IL Local Guide

How much does it cost to rent an apartment in Rutland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Rutland Studio Apartments | $1,819 | $700 | $4,387 |
| Rutland 1 Bedroom Apartments | $1,481 | $725 | $4,950 |
| Rutland 2 Bedroom Apartments | $1,551 | $664 | $4,434 |
| Rutland 3 Bedroom Apartments | $1,500 | $798 | $2,800 |
| Rutland 4 Bedroom Apartments | $1,521 | $659 | $2,499 |
Browse Top Apartments in Rutland
See all Apartments in RutlandExplore Rutland
Rutland, IL Local Guide
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Cheapest Available Rutland Apartments for Rent and Nearby
 The cheapest available apartment rental in Rutland, 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 Rutland 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 |
| Phoenix Apartments of Pontiac | One Bedroom Deluxe | 1BR,1BA | $795 |
| The Hillsides | 1BDR | 1BR,1BA | $875 |
| Versailles Apartments | Tradition - 1BR / 1BA | 1BR,1BA | $880 |
| Ironwood Gardens Apartments | Studio | Studio,1BA | $982 |
| Pontiac Towers | 1 Bedroom | 1BR,1BA | $990 |
| The Current Apartments | Studios | Studio,1BA | $1,025 |
| Pinecrest Apartments | Pinnacle - 2 BD / 1 BA | 2BR,1BA | $1,025 |
| Dunlap Lakeside | 2 Beds, 1 Baths | 2BR,1BA | $1,050 |
Best Value Apartments for Rent in Rutland, IL and Nearby
As of August 05, 2026 the best value apartment in the Rutland area is the $0.54 price per square foot The Reggie Renovated Model at The Social Normal in the starting from $679. The second greatest value Rutland apartment is the 2x2 Model at Cedar Creek Apartments starting at $1,395 with a $1.16 price per square foot . Here is today’s list of the best values for Rutland apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Social Normal | The Reggie Renovated | 4BR,4BA | $0.54 |
| Cedar Creek Apartments | 2x2 | 2BR,2BA | $1.16 |
| Harvest View | 2 Bed / 2 Bath | Upper Level | 2BR,2BA | $1.21 |
| The Atworth | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.42 |
| 700 N Adelaide St | Rent Per Student for 2 | 2BR,1.5BA | $0.79 |
| The Mallard Way Rental Community | 1 bed 1 bath | 1BR,1BA | $1.22 |
| Phoenix Apartments of Pontiac | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.05 |
| Versailles Apartments | Hamlet - 1BR / 1BA | 1BR,1BA | $1.13 |
| Winkler Village Apartments | 1BD 1BTH | 1BR,1BA | $1.06 |
| 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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Rutland, IL Rentals by Map
See the most popular apartments and homes in Rutland, IL
Frequently Asked Questions about Cheap Rutland Apartments
How much is rent for a Cheap One Bedroom Rutland Apartment?
The lowest price for a Cheap One Bedroom Rutland Apartment is $625 at Colonial Village.
What is the lowest price for a Cheap Two Bedroom Rutland Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Rutland is starting from $895 at Phoenix Apartments of Pontiac.
What is the most affordable Rutland Three Bedroom Apartment?
The best deal on a cheap Rutland Three Bedroom Apartment rental is at The Mallard Way Rental Community and starts from $1,200.
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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.