Cheap Apartments for Rent in Sheldon, IL from $400 (28 Rentals)

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

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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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.

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CNC Leasing Group
1 Bedroom Apartments

CNC Leasing Group

1214 Columbia StLafayette, IN 47901

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.

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Bethel Townhomes
3 Bedroom Apartments

Bethel Townhomes

3552-3558 Bethel DrWest Lafayette, IN 47906
Student Housing
  • Utilities Included
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1155 Anthrop Dr
2 Bedroom Apartments

1155 Anthrop Dr

1155 Anthrop DrWest Lafayette, IN 47906
Student Housing
  • Utilities Included

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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Showing Results 1-28, Page 1 of 1

Sheldon, IL Local Guide

Cheapest Available Sheldon Apartments for Rent and Nearby

 

The cheapest available apartment rental in Sheldon, IL is a Studio unit found at Downtown Lafayette Living! in the Downtown Lafayette neighborhood priced from $595. Brunswick Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here is today’s list of the most affordable Sheldon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Downtown Lafayette Living!StudioStudio,1BA$595
Brunswick ApartmentsStudioStudio,1BA$625
The Grove1 Bed 1 Bath1BR,1BA$726
Townway Place1 Beds, 1 Baths1BR,1BA$795
Historic Downtown Apartments II2x12BR,1BA$800
Crestview ApartmentsCrestview IIIStudio,1BA$870
Shai Lynn1bd/1bth1BR,1BA$897
The Luna FlatsLuna Flats - 2Bed/2Bath (2C)2BR,2BA$899
Devonshire Village1 Bed 1 Bath1BR,1BA$900
Woods EdgeThe Boilermaker1BR,1BA$935

Best Value Apartments for Rent in Sheldon, IL and Nearby

As of June 08, 2025 the best value apartment in the Sheldon area is the $0.93 price per square foot 4x3 D Model at Hub on Campus West Lafayette in the in the Downtown West Lafaytte neighborhood starting from $1,145. The second greatest value Sheldon apartment is the 2 Bed 2 Bath Private Entry Model at Devonshire Village starting at $1,450 with a $1.21 price per square foot . 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.
Hub on Campus West Lafayette4x3 D4BR,3BA$0.93
Devonshire Village2 Bed 2 Bath Private Entry2BR,2BA$1.21
Southridge CommonsB12BR,2BA$1.32
The Luna FlatsLuna Flats - 2Bed/2Bath (2C)2BR,2BA$0.99
The Grove1 Bed 1 Bath1BR,1BA$0.97
Victory on Salisbury3BR/1BA3BR,1BA$1.37
Woods EdgeThe Boilermaker1BR,1BA$1.33
Shai Lynn1bd/1bth1BR,1BA$1.32
Historic Downtown Apartments II2x12BR,1BA$1.28
Townway Place1 Beds, 1 Baths1BR,1BA$1.33

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Sheldon, IL

Ranked #24

Among cities in Illinois for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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

Explore Sheldon, IL Rentals by Map

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See the most popular apartments and homes in Sheldon, IL

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Getting Around Sheldon, IL

Walk Score®

9 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

38 / 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 Sheldon Apartments

What is the Cheapest Studio apartment in Sheldon?

Currently the most affordable Cheap Studio Apartment in Sheldon is at Downtown Lafayette Living! listed at $595.

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

The lowest price for a Cheap One Bedroom Sheldon Apartment is $726 at The Grove.

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 $800 at Historic Downtown Apartments II.

What is the most affordable Sheldon Three Bedroom Apartment?

The best deal on a cheap Sheldon Three Bedroom Apartment rental is at The Grove and starts from $983.

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 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.

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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.

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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.

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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.