Cheap Apartments for Rent in South Beloit, IL from $500 (8 Rentals)

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

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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Fairbanks Flats
2 to 3 Bedroom Apartments

Fairbanks Flats

206-216 Carpenter StBeloit, WI 53511
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349 W Grand Ave
1 to 2 Bedroom Apartments

349 W Grand Ave

349 W Grand AveBeloit, WI 53511

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.

South Beloit, IL Local Guide

Cheapest Available South Beloit Apartments for Rent and Nearby

 

The cheapest available apartment rental in South Beloit, IL is a 1 Bed unit found at 920 ON PARK in the Downtown Beloit neighborhood priced from $865. Hawks Ridge Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,175. Here is today’s list of the most affordable South Beloit apartments for rent:

Apartment ListingModel NameBed/BathPriced From
920 ON PARK1 Bedroom Style C1BR,1BA$865
Hawks Ridge ApartmentsBayview1BR,1BA$1,175
Gateway Estates Apartments2 Bedroom 1 Bath Lower2BR,1BA$1,395

Best Value Apartments for Rent in South Beloit, IL and Nearby

As of November 01, 2025 the best value apartment in the South Beloit area is the $1.30 price per square foot 2 Bedroom 1 Bath Lower Model at Gateway Estates Apartments in the starting from $1,395. The second greatest value South Beloit apartment is the 618 Wisconsin Ave Model at 618 Wisconsin Ave starting at $1,650 with a $1.65 price per square foot in the Downtown Beloit neighborhood. Here is today’s list of the best values for South Beloit apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Gateway Estates Apartments2 Bedroom 1 Bath Lower2BR,1BA$1.30
618 Wisconsin Ave618 Wisconsin Ave2BR,2BA$1.65
1137 Bluff St, Unit 21137 Bluff St2BR,1BA$1.28
Water Tower Place2.12BR,1BA$1.55
Hawks Ridge ApartmentsBayview1BR,1BA$1.36
219 S Moore St, Unit #2219 S Moore St2BR,1BA$1.20
920 ON PARK1 Bedroom Style C1BR,1BA$1.47

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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The 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.

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

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Getting Around South Beloit, IL

Walk Score®

31 / 100

Car-Dependent

Most errands require a car

Bike Score®

39 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap South Beloit Apartments

How much is rent for a Cheap One Bedroom South Beloit Apartment?

The lowest price for a Cheap One Bedroom South Beloit Apartment is $865 at 920 ON PARK.

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

Today's best deal for a Cheap Two Bedroom Apartment in South Beloit is starting from $1,305 at Hawks Ridge Apartments.

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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.