Cheap Apartments for Rent in Shannon, IL from $400 (17 Rentals)

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

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Blackhawk Apartments
1 to 2 Bedroom Apartments

Blackhawk Apartments

406 S 3rd StOregon, IL 61061
  • Utilities Included
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Rock Falls Apartments
Studio to 2 Bedroom Apartments

Rock Falls Apartments

1608 E Rock Falls RdRock Falls, IL 61071
  • Utilities Included
Showing Results 1-17, Page 1 of 1

Shannon, IL Local Guide

Cheapest Available Shannon Apartments for Rent and Nearby

 

The cheapest available apartment rental in Shannon, IL is a 2 Beds unit found at Rockford Housing Authority in the Central Terrace neighborhood priced from $480. Riverside Apartments and Townhomes has the second lowest priced unit, which is a Studio apartment currently listed from $525. Here is today’s list of the most affordable Shannon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rockford Housing AuthorityPark Terrace 2 Bed2BR,1BA$480
Riverside Apartments and TownhomesStudioStudio,1BA$525
Northland Park ApartmentsStudioStudio,1BA$625
Greenfield96-a2BR,1BA$650
Pine View1 Bedroom 1 Bath Efficiency1BR,1BA$669

Best Value Apartments for Rent in Shannon, IL and Nearby

As of September 15, 2025 the best value apartment in the Shannon area is the $1.18 price per square foot 2BD 2BA Model at Hampton Trail in the in the Rolling Green neighborhood starting from $1,650. The second greatest value Shannon apartment is the 2 Bedroom 1 Bath Model at The Landing of Clinton starting at $1,225 with a $1.23 price per square foot . Here is today’s list of the best values for Shannon apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hampton Trail2BD 2BA2BR,2BA$1.18
The Landing of Clinton2 Bedroom 1 Bath2BR,1BA$1.23
Cottage Bluff Apartments2-Bedroom2BR,1BA$1.02
MEADOWS OF LUKE RIDGE2 BED 1 BATH2BR,1BA$0.71
Greenfield96-a2BR,1BA$0.72
Kiwanis Manor Apartments3001 - updated2BR,1BA$1.00
Dixon River Apartments1BD/1BA1BR,1BA$1.03
Roberts Court1 Bed, 1 bath1BR,1BA$1.10
Pine View1 Bedroom 1 Bath Efficiency1BR,1BA$1.12
Rockford Housing AuthorityOlesen Plaza 1 Bed1BR,1BA$0.98

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Location, Location, Location!

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Getting Around Shannon, IL

Walk Score®

23 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

31 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Shannon Apartments

What is the Cheapest Studio apartment in Shannon?

Currently the most affordable Cheap Studio Apartment in Shannon is at Riverside Apartments and Townhomes listed at $525.

How much is rent for a Cheap One Bedroom Shannon Apartment?

The lowest price for a Cheap One Bedroom Shannon Apartment is $480 at Rockford Housing Authority.

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

Today's best deal for a Cheap Two Bedroom Apartment in Shannon is starting from $480 at Rockford Housing Authority.

What is the most affordable Shannon Three Bedroom Apartment?

The best deal on a cheap Shannon Three Bedroom Apartment rental is at Dixon River Apartments and starts from $910.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.