Cheap Homes for Rent in South Beloit, IL from $1,000 (27 Rentals)

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

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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property at 136 S Lincoln Ave

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available Now

136 S Lincoln Ave

South BeloitIL61080

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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Cash 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.

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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.

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Showing Results 1-27, Page 1 of 1

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 Water Tower Place in the Downtown Beloit neighborhood priced from $1,195. Hawks Ridge Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,225. Here is today’s list of the most affordable South Beloit apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Water Tower Place2.1 - Affordable2BR,1BA$1,195
Hawks Ridge ApartmentsBayview1BR,1BA$1,225
Gateway Estates2 Bedroom 1 Bath Upper2BR,1BA$1,465

Best Value Apartments for Rent in South Beloit, IL

As of May 31, 2026 the best value apartment in the South Beloit area is the $1.35 price per square foot 302 Bluff St Model at 302 Bluff St, Unit ABC Stadium View in the in the Downtown Beloit neighborhood starting from $1,750. The second greatest value South Beloit apartment is the 2 Bedroom 1 Bath Upper Model at Gateway Estates starting at $1,465 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.
302 Bluff St, Unit ABC Stadium View302 Bluff St3BR,1BA$1.35
Gateway Estates2 Bedroom 1 Bath Upper2BR,1BA$1.30
Water Tower Place2.1 - Affordable2BR,1BA$1.24
Hawks Ridge ApartmentsBayview1BR,1BA$1.42

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 South Beloit, IL Rentals by Map

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Frequently Asked Questions about South Beloit

What type of rentals are currently available in South Beloit?

There are currently 39 Apartments for Rent in South Beloit, IL with pricing that ranges from $727 to $2,925. There are also 50 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Beloit ranging from $1,085 to $4,000.

What is the current price range for Rental Homes in South Beloit?

Today's rental pricing for Homes for Rent, Condos and Townhomes in South Beloit ranges from $1,085 to $4,000 with an average monthly rent of $1,613.

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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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.