
Cheap Homes for Rent in Smithfield, IL from $600 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Smithfield.


305 N Pleasant View St

43 W North St

2213 Stoneybrook Rd

103 E 2nd St

2205 Stoneybrook Rd

109 E Jackson St
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.

119 Vanburen Ct

126 Amsler St

1825 S Kneer Ave

437 W Pierce St

4726 W Merol Ct

710 N Swords Ave

120 Evergreen St
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.
Smithfield, IL Local Guide

How much does it cost to rent a home in Smithfield?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Smithfield 2 Bedroom Homes for Rent | $935 | $650 | $1,199 |
| Smithfield 3 Bedroom Homes for Rent | $1,228 | $900 | $1,600 |
| Smithfield 5 Bedroom Homes for Rent | $1,500 | $1,500 | $1,500 |
Browse Top Homes for Rent in Smithfield
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Smithfield, IL Local Guide
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Cheapest Available Smithfield Apartments for Rent and Nearby
 The cheapest available apartment rental in Smithfield, IL is a Studio unit found at Macomb Rentals priced from $390. Mayfair Manor has the second lowest priced unit, which is a 2 Beds apartment currently listed from $525. Here is today’s list of the most affordable Smithfield apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Macomb Rentals | Studio, 1 bath | Studio,1BA | $390 |
| Mayfair Manor | 2x1 | 2BR,1BA | $525 |
| Smith and Royer Apartments | 1 Bedroom | 1BR,1BA | $650 |
| The Avenue Apartments | 1B/ 1BA | 1BR,1BA | $650 |
| Hollow Hills | Studio | Studio,1BA | $700 |
Best Value Apartments for Rent in Smithfield, IL and Nearby
As of January 29, 2026 the best value apartment in the Smithfield area is the $0.71 price per square foot Sunset Hills Model at Sunset Hills Apartments in the starting from $925. The second greatest value Smithfield apartment is the HCIV2D1FP Model at Hollow Creek IV Apartments starting at $1,450 with a $1.24 price per square foot in the Windchime neighborhood. Here is today’s list of the best values for Smithfield apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sunset Hills Apartments | Sunset Hills | 3BR,2BA | $0.71 |
| Hollow Creek IV Apartments | HCIV2D1FP | 2BR,2BA | $1.24 |
| PARKWAY ESTATES | 2 Bedroom 1 Bath | 2BR,1BA | $0.86 |
| ASPEN BLUFF APARTMENTS | Two Bedrooms Two Bathroom | 2BR,2BA | $1.20 |
| Willow Oaks Apartments | One Bedroom | 1BR,1BA | $1.04 |
| Haymeadow Apartments | Springhouse | 1BR,1BA | $1.25 |
| Elm Haven Place | Security Deposit Special ONLY $500.00! | 1BR,1BA | $1.28 |
| 106 S 4th St | 2 bedroom | 2BR,1BA | $1.21 |
| Hollow Hills | Studio | Studio ,1BA | $1.08 |
| The Avenue Apartments | 1B/ 1BA | 1BR,1BA | $1.06 |
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Smithfield, IL
Frequently Asked Questions about Smithfield
What type of rentals are currently available in Smithfield?
There are currently 44 Apartments for Rent in Smithfield, IL with pricing that ranges from $390 to $2,500. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Smithfield ranging from $650 to $1,600.
What is the current price range for Rental Homes in Smithfield?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Smithfield ranges from $650 to $1,600 with an average monthly rent of $1,100.
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

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.