
Cheap Apartments for Rent in Shannon, IL from $400 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in Shannon.


Riverside Apartments and Townhomes

Roosevelt School Apartments

Windsor Apartments

Northland Park Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Pine View

MEADOWS OF LUKE RIDGE

Dixon River Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Washington Senior Apartments

Kiwanis Manor Apartments

201 5th Ave

309 W High St
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Shannon, IL Local Guide

How much does it cost to rent an apartment in Shannon?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Shannon Studio Apartments | $896 | $525 | $1,399 |
Shannon 1 Bedroom Apartments | $1,002 | $480 | $1,599 |
Shannon 2 Bedroom Apartments | $1,195 | $480 | $2,500 |
Shannon 3 Bedroom Apartments | $1,264 | $750 | $1,954 |
Browse Top Apartments in Shannon
See all Apartments in ShannonExplore Shannon
Shannon, IL Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Rockford Housing Authority | Park Terrace 2 Bed | 2BR,1BA | $480 |
Riverside Apartments and Townhomes | Studio | Studio,1BA | $525 |
Roosevelt School Apartments | 1 bedroom | 1BR,1BA | $570 |
Windsor Apartments | 3 bedroom 2 bathroom | 3BR,2BA | $600 |
Northland Park Apartments | Studio | Studio,1BA | $625 |
Best Value Apartments for Rent in Shannon, IL and Nearby
As of May 31, 2025 the best value apartment in the Shannon area is the $0.79 price per square foot 3 bedroom 1.5 bath Model at Carlton Apartments in the in the North Rockford neighborhood starting from $1,100. The second greatest value Shannon apartment is the 1378-a Model at Winmar Townhomes starting at $750 with a $0.71 price per square foot . Here is today’s list of the best values for Shannon apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Carlton Apartments | 3 bedroom 1.5 bath | 3BR,1.5BA | $0.79 |
Winmar Townhomes | 1378-a | 3BR,2BA | $0.71 |
Roosevelt School Apartments | 2 bedroom | 2BR,1.5BA | $1.00 |
Cottage Bluff Apartments | 2-Bedroom | 2BR,1BA | $1.02 |
Greenfield | 116-a | 2BR,1BA | $0.72 |
Westwinds | 2BD 1BA | 2BR,1BA | $0.86 |
Windsor Apartments | 1 bedroom 1 bathroom | 1BR,1BA | $0.87 |
Kiwanis Manor Apartments | 3001 - updated | 2BR,1BA | $1.00 |
Roberts Court | 1 Bed, 1 bath | 1BR,1BA | $1.10 |
Rockford Housing Authority | Olesen Plaza 1 Bed | 1BR,1BA | $0.98 |
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Shannon, IL Rentals by Map
See the most popular apartments and homes in Shannon, IL
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 Windsor Apartments and starts from $600.
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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.