
Cheap Homes for Rent in Rutland, IL from $500 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Rutland.


725 Joliet St

1007 Sheryl Ln

537 1/2 Bucklin St

526 Fairholm Ave
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.

107 College Park Ct

826 N Spalding St

918 6th St

310 N La Salle Ave

1016 10th St
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.

1820 Plum St
Rutland, IL Local Guide

How much does it cost to rent a home in Rutland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Rutland 2 Bedroom Homes for Rent | $1,565 | $945 | $2,400 |
| Rutland 3 Bedroom Homes for Rent | $1,964 | $925 | $3,500 |
| Rutland 4 Bedroom Homes for Rent | $2,100 | $2,100 | $2,100 |
| Rutland 5 Bedroom Homes for Rent | $3,095 | $3,095 | $3,095 |
Browse Top Homes for Rent in Rutland
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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 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 |
| CollegePlace Uptown | 2BR/1BA | 2BR,1BA | $845 |
| Parkway Court Apartments | 1 bedroom/1 bath apartment | 1BR,1BA | $900 |
Best Value Apartments for Rent in Rutland, IL and Nearby
As of May 28, 2026 the best value apartment in the Rutland 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 Rutland apartment is the Oakbrook Model at BayOak starting at $1,113 with a $0.95 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. |
|---|---|---|---|
| Cedar Creek Apartments | 2x2 | 2BR,2BA | $1.16 |
| BayOak | Oakbrook | 2BR,2BA | $0.95 |
| Harvest View | 2/2 First Floor | 2BR,2BA | $1.21 |
| Lincoln Square Apartments | 2 Bedroom 1.5 Bath Townhouse. | 2BR,1.5BA | $1.07 |
| 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 |
| Briarwood II | 2BR Bay Window with Updated Cabinets and Luxury... | 2BR,1BA | $1.37 |
| 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!
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See the most popular apartments and homes in Rutland, IL
Frequently Asked Questions about Rutland
What type of rentals are currently available in Rutland?
There are currently 45 Apartments for Rent in Rutland, IL with pricing that ranges from $659 to $7,021. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rutland ranging from $550 to $3,500.
What is the current price range for Rental Homes in Rutland?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Rutland ranges from $550 to $3,500 with an average monthly rent of $1,809.
How much are larger Three and Four Bedroom Rentals in Rutland?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Rutland range from $798 to $2,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $925 to $3,500. Four Bedroom Single-Family rentals are also available starting from $2,100 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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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.

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.