Cheap Homes for Rent in Shannon, IL from $800 (15 Rentals)

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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 November 11, 2025 the best value apartment in the Shannon area is the $1.02 price per square foot 2-Bedroom Model at Cottage Bluff Apartments in the starting from $973. The second greatest value Shannon apartment is the 1215-a Model at Winmar Townhomes starting at $750 with a $0.79 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.
Cottage Bluff Apartments2-Bedroom2BR,1BA$1.02
Winmar Townhomes1215-a2BR,1BA$0.79
MEADOWS OF LUKE RIDGE2 BED 1 BATH2BR,1BA$0.71
Immaculate Updated 2 Bedroom with 1 Bath2BR/1.0BA2BR,1BA$1.16
Greenfield96-a2BR,1BA$0.72
Kiwanis Manor Apartments2BR 1BA - 30022BR,1BA$1.06
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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Shannon

What type of rentals are currently available in Shannon?

There are currently 64 Apartments for Rent in Shannon, IL with pricing that ranges from $480 to $2,500. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shannon ranging from $850 to $2,000.

What is the current price range for Rental Homes in Shannon?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Shannon ranges from $850 to $2,000 with an average monthly rent of $1,261.

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.