Cheap Apartments for Rent in Saint Peter, IL from $400 (42 Rentals)

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Search the lowest-cost Apartments available for rent right now in Saint Peter.

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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property at 400 S Marshall St

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800
Total Monthly Price
$800

3 Bedroom, 1 Bath Home for Rent

Available Now

400 S Marshall St

SalemIL62881

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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property at 101 E Washington Ave

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

2 Bedroom, 1 Bath Townhome for Rent

Available Now

101 E Washington Ave

GreenvilleIL62246
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McKay Manor
1 to 3 Bedroom Apartments

McKay Manor

1 McKay Manor DrBreese, IL 62230
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Newton Senior Housing
1 to 2 Bedroom Apartments

Newton Senior Housing

201 Eaton StNewton, IL 62448
Senior Living
  • Utilities Included

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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600 Marshall Ave
1 to 2 Bedroom Apartments

600 Marshall Ave

600 Marshall AveMattoon, IL 61938

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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1905 12th St
1 to 3 Bedroom Apartments

1905 12th St

1905 12th StCharleston, IL 61920
Student Housing
  • Utilities Included

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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Showing Results 1-42, Page 1 of 1

Saint Peter, IL Local Guide

Cheapest Available Saint Peter Apartments for Rent and Nearby

 

The cheapest available apartment rental in Saint Peter, IL is a 2 Beds unit found at Cedars of Lebanon Apartments in the Metro East neighborhood priced from $200. McKay Manor has the second lowest priced unit, which is a 1 Bed apartment currently listed from $475. Here is today’s list of the most affordable Saint Peter apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cedars of Lebanon ApartmentsTwo Bedroom2BR,1BA$200
McKay Manor1 Bdrm1BR,1BA$475
Westport ApartmentsOne Bedroom1BR,1BA$484
Country Place-Moweaqua I & ll1 Bedroom1BR,1BA$497
Arthur Ave Apartments1x11BR,1BA$610
616 S 6th St0/1Studio,1BA$699
Flax Meadow TownhomesTwo Bed2BR,1BA$715
OldeTowne Apartments3 Bed/1.5 Bath3BR,1BA$799
The Raymond ApartmentsTwo bedroom2BR,1BA$800
Kingsbury Campus Apartments2 Beds, 1 Bath Model2BR,1BA$800

Best Value Apartments for Rent in Saint Peter, IL and Nearby

As of June 22, 2026 the best value apartment in the Saint Peter area is the $0.99 price per square foot 3 Bed 2.5 Bath Model at Panther Heights in the starting from $1,380. The second greatest value Saint Peter apartment is the 3 Bd Townhouse w/ Garage Model at BSB Apartments starting at $1,150 with a $1.04 price per square foot in the Metro East neighborhood. Here is today’s list of the best values for Saint Peter apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Panther Heights3 Bed 2.5 Bath3BR,2.5BA$0.99
BSB Apartments3 Bd Townhouse w/ Garage3BR,2BA$1.04
Flax Meadow TownhomesTwo Bed2BR,1.5BA$0.81
Royal HeightsRoyal Heights 2 Bed w/ Study & 1.5 Bath3BR,1.5BA$0.38
The Raymond ApartmentsTwo bedroom2BR,1BA$1.00
McKay Manor1 Bdrm1BR,1BA$0.64
Westport ApartmentsOne Bedroom1BR,1BA$0.71
Country Place-Moweaqua I & ll1 Bedroom1BR,1BA$0.76
Arthur Ave Apartments1x11BR,1BA$0.97
Cedars of Lebanon ApartmentsStudioStudio ,1BA$0.44

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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Quick Rent Budget Calculator

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

Explore Saint Peter, IL Rentals by Map

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Frequently Asked Questions about Cheap Saint Peter Apartments

What is the Cheapest Studio apartment in Saint Peter?

Currently the most affordable Cheap Studio Apartment in Saint Peter is at Cedars of Lebanon Apartments listed at $200.

How much is rent for a Cheap One Bedroom Saint Peter Apartment?

The lowest price for a Cheap One Bedroom Saint Peter Apartment is $200 at Cedars of Lebanon Apartments.

What is the lowest price for a Cheap Two Bedroom Saint Peter Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Saint Peter is starting from $200 at Cedars of Lebanon Apartments.

What is the most affordable Saint Peter Three Bedroom Apartment?

The best deal on a cheap Saint Peter Three Bedroom Apartment rental is at Westport Apartments and starts from $665.

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

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.