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.

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

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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The Vintage
Studio Apartments

The Vintage

230 S Grant StWest Lafayette, IN 47906
Student Housing

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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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1304 E North St
1 to 2 Bedroom Apartments

1304 E North St

1304 E North StBradley, IL 60915
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1155 Anthrop Dr
Studio to 2 Bedroom Apartments

1155 Anthrop Dr

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

West Harbor Place

703 W Harbor StKankakee, IL 60901

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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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 2 Beds unit found at Windsor West Apartments Homes in the Discovery Park neighborhood priced from $650. Launch in the Discovery Park neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $659. Here is today’s list of the most affordable Sheldon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Windsor West Apartments Homes2 Bedroom 1 Bath2BR,1BA$650
Launch3B3BR,3BA$659
McCormick Manor2 Bedroom 2 Bath *per Bed Price2BR,2BA$745
Woods EdgeThe Boilermaker1BR,1BA$750
Falcon Way TownhomesOne Bedroom1BR,1BA$768
Townway Place1 Beds, 1 Baths1BR,1BA$795
Historic Downtown Apartments II2x12BR,1BA$800
The Grove1BR1BR,1BA$816
Vantage Pointe Apartments1x1 R1BR,1BA$955
Madison Cottage of Rensselaer1x11BR,1BA$970

Best Value Apartments for Rent in Sheldon, IL and Nearby

As of June 08, 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 Dakota-PREM Model at Lodge on the Trail starting at $665 with a $0.55 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
Lodge on the TrailDakota-PREM3BR,3BA$0.55
The Cottages on Lindberg2 BEDROOM 2.5 BATH2BR,2.5BA$0.77
Devonshire Village2 Bed 2 Bath Sm Apt2BR,2BA$1.09
Fairway ApartmentsEARLY MOVE IN AVAILABLE- Turnberry | Text to To...2BR,2BA$0.78
Wabash Lofts2x22BR,2BA$0.88
Madison Cottage of Rensselaer1x11BR,1BA$1.14
Windsor West Apartments Homes2 Bedroom 1 Bath2BR,1BA$0.90
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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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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How much rent can you afford?

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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See the most popular apartments and homes in Sheldon, IL

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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 The Century at Purdue Research Park listed at $1,425.

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

The lowest price for a Cheap One Bedroom Sheldon Apartment is $750 at Woods Edge.

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 $650 at Windsor West Apartments Homes.

What is the most affordable Sheldon Three Bedroom Apartment?

The best deal on a cheap Sheldon Three Bedroom Apartment rental is at Launch and starts from $659.

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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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.