Cheap Apartments for Rent in South Beloit, IL from $500 (10 Rentals)

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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

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South Beloit, IL Local Guide

Cheapest Available South Beloit Apartments for Rent

 

The cheapest available apartment rental in South Beloit, IL is a 2 Beds unit found at 349 W Grand Ave in the Downtown Beloit neighborhood priced from $800. Water Tower Place in the Downtown Beloit neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $814. Here is today’s list of the most affordable South Beloit apartments for rent:

Apartment ListingModel NameBed/BathPriced From
349 W Grand Ave2 Beds, 1 Baths2BR,1BA$800
Water Tower Place1 bed Market1BR,1BA$814
Hawks Ridge ApartmentsBayview1BR,1BA$1,175

Best Value Apartments for Rent in South Beloit, IL

As of January 26, 2026 the best value apartment in the South Beloit area is the $1.19 price per square foot 1271 Prairie Ave Model at 1271 Prairie Ave, Unit 1271 in the in the Downtown Beloit neighborhood starting from $1,425. The second greatest value South Beloit apartment is the 2 Bedroom 1 Bath Lower Model at Gateway Estates Apartments starting at $1,395 with a $1.30 price per square foot . 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.
1271 Prairie Ave, Unit 12711271 Prairie Ave3BR,1BA$1.19
Gateway Estates Apartments2 Bedroom 1 Bath Lower2BR,1BA$1.30
1800 6th St1800 6th St3BR,1BA$1.20
Water Tower Place2.12BR,1BA$1.23
Wright & Wagner LoftsOne Bedroom B2 - Riverfront1BR,1BA$1.96
Hawks Ridge ApartmentsBayview1BR,1BA$1.36
349 W Grand Ave2 Beds, 1 Baths2BR,1BA$1.23
330 Kenwood Ave, Unit 328 #2330 Kenwood AveStudio ,1BA$1.75

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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Remember the 3 Rules of Real Estate:
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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 $814 at Water Tower Place.

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 $800 at 349 W Grand Ave.

What is the most affordable South Beloit Three Bedroom Apartment?

The best deal on a cheap South Beloit Three Bedroom Apartment rental is at Hawks Ridge Apartments and starts from $1,525.

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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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.

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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.

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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.

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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.