Cheap Homes for Rent in Sheldon, IL from $500 (13 Rentals)

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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.

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.

Sheldon, IL Local Guide

Cheapest Available Sheldon Apartments for Rent and Nearby

 

The cheapest available apartment rental in Sheldon, IL is a 3 Beds unit found at 52 Flats in the Discovery Park neighborhood priced from $498. 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
52 Flats3BD 1.5BA DUPLEX - PER BD3BR,1BA$498
Brunswick ApartmentsStudioStudio,1BA$625
The Grove1 Bed 1 Bath1BR,1BA$726
West Lafayette ApartmentsStudio AvailableStudio,1BA$750
Downtown Lafayette Living!Studio1BR,1BA$795

Best Value Apartments for Rent in Sheldon, IL and Nearby

As of September 09, 2025 the best value apartment in the Sheldon area is the $1.21 price per square foot 2 Bed 2 Bath Private Entry Model at Devonshire Village in the starting from $1,450. The second greatest value Sheldon apartment is the 2 BEDROOM 2.5 BATH Model at The Cottages on Lindberg starting at $899 with a $0.77 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.
Devonshire Village2 Bed 2 Bath Private Entry2BR,2BA$1.21
The Cottages on Lindberg2 BEDROOM 2.5 BATH2BR,2.5BA$0.77
Village West2x12BR,1BA$0.77
Lodge on the TrailColorado-PREM2BR,2BA$1.02
Madison Cottage of Rensselaer1x11BR,1BA$1.03
Falcon Way TownhomesTwo Bedroom Townhome2BR,1BA$1.11
The OasisPremium 2bd/2bth Apt Living Near Purdue University2BR,2BA$1.11
The Grove1 Bed 1 Bath1BR,1BA$0.97
Shai Lynn1bd/1bth1BR,1BA$1.29
Historic Downtown Apartments II2x12BR,1BA$1.28

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Pet Friendly Lifestyle
Sheldon, IL

Ranked #14

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!

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Frequently Asked Questions about Sheldon

What type of rentals are currently available in Sheldon?

There are currently 68 Apartments for Rent in Sheldon, IL with pricing that ranges from $498 to $3,600. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Sheldon ranging from $500 to $4,200.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Sheldon ranges from $500 to $4,200 with an average monthly rent of $1,595.

How much are larger Three and Four Bedroom Rentals in Sheldon?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Sheldon range from $498 to $2,845, while Three Bedroom Homes, Condos, and Townhomes for rent range from $500 to $4,200. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $699.

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 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.

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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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.