Cheap Apartments for Rent near Sheridan, IL from $400 (26 Rentals)

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

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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Fox Hill Senior Living
1 to 2 Bedroom Apartments

Fox Hill Senior Living

1536 Sycamore RdYorkville, IL 60560
Senior Living
  • Utilities Included
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Deville Manor
1 to 2 Bedroom Apartments

Deville Manor

110 5th StOswego, IL 60543
Senior Living
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Village West Apartments
1 to 2 Bedroom Apartments

Village West Apartments

1971 Lilac LnAurora, IL 60506
Corporate Housing
  • Utilities Included

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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Keystone Lofts
1 Bedroom Apartments

Keystone Lofts

30 S Stolp AveAurora, IL 60506
property at 318 Liberty St

$1,450 - $1,550

1 To 2 Bedroom Rentals

Available Now

318 Liberty St

MorrisIL60450

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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Showing Results 1-26, Page 1 of 1

Sheridan, IL Local Guide

Cheapest Available Sheridan Apartments for Rent and Nearby

 

The cheapest available apartment rental in Sheridan, IL is a 1 Bed unit found at Wedgewood Manor Active Senior Living in the Ashcroft Place neighborhood priced from $1,070. Tudor Park Apartments in the Downtown neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,209. Here is today’s list of the most affordable Sheridan apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Wedgewood Manor Active Senior LivingB1BR,1BA$1,070
Tudor Park ApartmentsTwo Bedroom One Bathroom2BR,1BA$1,209
Deville Manor1 Bedroom1BR,1BA$1,250
Arbor West Apartments1BR/1BA small1BR,1BA$1,440
The Reserve at Hudson CrossingHarrisonStudio,1BA$1,450
Yorkville ApartmentsB2BR,1BA$1,550
Countryside Village Apartments1 Bed, 1 bath1BR,1BA$1,578
Springs At OswegoStudio Grand OverlookStudio,1BA$1,596
ReNew AuroraAudrey1BR,1BA$1,640
24138 - 24158 W Main St24138 W Main St Unit 1022BR,1BA$1,650

Best Value Apartments for Rent in Sheridan, IL and Nearby

As of August 05, 2026 the best value apartment in the Sheridan area is the $1.17 price per square foot 2BA Model at York Meadow in the in the Whispering Meadows neighborhood starting from $2,200. The second greatest value Sheridan apartment is the Fuller - Renovated Model at The Reserve at Summerfield starting at $2,692 with a $1.61 price per square foot in the Prescott Mill Crossings neighborhood. Here is today’s list of the best values for Sheridan apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
York Meadow2BA3BR,2BA$1.17
The Reserve at SummerfieldFuller - Renovated3BR,2BA$1.61
Heyday AuroraDTH La Belle3BR,2.5BA$1.94
Bristol Bay of YorkvilleAccera2BR,2.5BA$1.74
Reserve at Fox River3BR3BR,2BA$1.78
Downer Place Lofts1 Bed/1 Bath1BR,1BA$1.96
Yorkville ApartmentsB2BR,1BA$1.82
Tudor Park ApartmentsThree Bedroom One Bathroom3BR,1BA$1.64
Deville Manor1 Bedroom1BR,1BA$1.82
Wedgewood Manor Active Senior LivingB1BR,1BA$1.78

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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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 Sheridan, IL Rentals by Map

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Frequently Asked Questions about Cheap Sheridan Apartments

What is the Cheapest Studio apartment in Sheridan?

Currently the most affordable Cheap Studio Apartment in Sheridan is at The Reserve at Hudson Crossing listed at $1,450.

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

The lowest price for a Cheap One Bedroom Sheridan Apartment is $1,070 at Wedgewood Manor Active Senior Living.

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

Today's best deal for a Cheap Two Bedroom Apartment in Sheridan is starting from $1,209 at Tudor Park Apartments.

What is the most affordable Sheridan Three Bedroom Apartment?

The best deal on a cheap Sheridan Three Bedroom Apartment rental is at Tudor Park Apartments and starts from $1,309.

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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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.

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.