Cheap Apartments for Rent near Sheldon, IL from $454 (33 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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The Vintage
Studio Apartments

The Vintage

230 S Grant StWest Lafayette, IN 47906
Student Housing
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University Crossing
Studio to 3 Bedroom Apartments

University Crossing

2601 Soldiers Home RdWest Lafayette, IN 47906
Student Housing
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The Grove
1 to 3 Bedroom Apartments

The Grove

1610 Edgewood DrDanville, IL 61832

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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Bethel Townhomes
3 Bedroom Apartments

Bethel Townhomes

3552-3558 Bethel DrWest Lafayette, IN 47906
Student Housing
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1155 Anthrop Dr
Studio to 2 Bedroom Apartments

1155 Anthrop Dr

1155 Anthrop DrWest Lafayette, IN 47906
Student Housing
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West Harbor Place
2 to 3 Bedroom Apartments

West Harbor Place

703 W Harbor StKankakee, IL 60901

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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1304 E North St
1 to 2 Bedroom Apartments

1304 E North St

1304 E North StBradley, IL 60915
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Sheldon, IL Local Guide

Cheapest Available Sheldon Apartments for Rent and Nearby

 

The cheapest available apartment rental in Sheldon, IL is a 1 Bed unit found at Southfork Apartments in the Discovery Park neighborhood priced from $499. Fairway Apartments in the Discovery Park neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $589. Here is today’s list of the most affordable Sheldon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Southfork Apartments1BR/1.0BA1BR,1BA$499
Fairway ApartmentsKingston | Text to Tour 765-735-3515. Priced pe...2BR,1BA$589
2712 bedroom/1 bath- rent by the room (female & ma...2BR,1BA$675
Woods EdgeThe Boilermaker1BR,1BA$750
Crestview ApartmentsCrestview II2BR,1BA$800
Townway Place1 Beds, 1 Baths1BR,1BA$800
Historic Downtown Apartments II2x12BR,1BA$800
Highland Apartments2 Bedroom2BR,1BA$850
Hub State Street4x2 Corner4BR,2BA$889
Launch1E1BR,1BA$899

Best Value Apartments for Rent in Sheldon, IL and Nearby

As of September 07, 2026 the best value apartment in the Sheldon area is the $0.34 price per square foot 3 Bedroom x 3.5 Bathroom Townhouse Model at Lark West Lafayette Townhomes in the starting from $649. The second greatest value Sheldon apartment is the 3 BEDROOM 3 BATH Model at The Cottages on Lindberg starting at $649 with a $0.51 price per square foot in the Discovery Park neighborhood. Here is today’s list of the best values for Sheldon apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lark West Lafayette Townhomes3 Bedroom x 3.5 Bathroom Townhouse3BR,3.5BA$0.34
The Cottages on Lindberg3 BEDROOM 3 BATH3BR,3BA$0.51
Station 21South Street Station2BR,2BA$0.86
Village West2x12BR,1BA$0.79
Highland Apartments2 Bedroom2BR,1BA$0.87
Lodge on the TrailColorado-PREM2BR,2BA$0.73
Wabash Lofts2x22BR,2BA$0.82
Victory on Salisbury3BR/1BA3BR,1BA$0.98
Woods EdgeThe Boilermaker1BR,1BA$1.07
2712BR/1.0BA2BR,1BA$1.07

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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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.

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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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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 Sheldon, IL Rentals by Map

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Frequently Asked Questions about Cheap Sheldon Apartments

What is the Cheapest Studio apartment in Sheldon?

Currently the most affordable Cheap Studio Apartment in Sheldon is at Crestview Apartments listed at $910.

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

The lowest price for a Cheap One Bedroom Sheldon Apartment is $499 at Southfork Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Sheldon is starting from $589 at Fairway Apartments.

What is the most affordable Sheldon Three Bedroom Apartment?

The best deal on a cheap Sheldon Three Bedroom Apartment rental is at Woods Edge and starts from $950.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.