
Cheap Apartments for Rent in Speer, IL from $600 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in Speer.


Forest Park Apartments

Hollow Hills

Willow Knolls Apartments

Winkler Village Apartments

Woods + Meadow Apartments
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.

Timberlane Apartments

Nordic Villa Apartments

The Village on University

Kellogg Place Apartments
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.

The Grove Apartments

Haymeadow Apartments

3624 N Finnell Ave

Dunlap Lakeside

Hillcrest Apartments
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.

Forest Hill Apartments

Flats at Dunlap

504 S Sweetbriar Dr

1221 E Moneta Ave

3220 N Gale Ave

611 W Matthews St
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

1074 Spring Bay Rd
Speer, IL Local Guide

How much does it cost to rent an apartment in Speer?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Speer Studio Apartments | $737 | $625 | $1,102 |
| Speer 1 Bedroom Apartments | $1,006 | $725 | $1,512 |
| Speer 2 Bedroom Apartments | $1,302 | $805 | $1,804 |
| Speer 3 Bedroom Apartments | $1,366 | $795 | $1,912 |
Browse Top Apartments in Speer
See all Apartments in SpeerExplore Speer
Speer, IL Local Guide
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Cheapest Available Speer Apartments for Rent and Nearby
 The cheapest available apartment rental in Speer, IL is a Studio unit found at Willow Knolls Apartments in the Northmoor Knolls neighborhood priced from $700. Hollow Hills in the Windchime neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $700. Here is today’s list of the most affordable Speer apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Willow Knolls Apartments | Studio | Studio,1BA | $700 |
| Hollow Hills | Studio | Studio,1BA | $700 |
| Winkler Village Apartments | 1BD 1BTH | 1BR,1BA | $725 |
| Woods + Meadow Apartments | Studio Apartment in North Peoria | Studio,1BA | $725 |
| 1512 E Gardner Ln | 3 Bed 1 Bath | 3BR,1BA | $795 |
| Willow Way | 1 bed 1 bath Unit 1 bldg 2 | 1BR,1BA | $800 |
| Nordic Villa Apartments | Loft | 1BR,1BA | $825 |
| The Village on University | Tucker at Village North | 1BR,1BA | $845 |
| The Grove Apartments | Standard 1 Bed / 1 Bath | 1BR,1BA | $895 |
| Haymeadow Apartments | Springhouse | 1BR,1BA | $899 |
Best Value Apartments for Rent in Speer, IL and Nearby
As of December 12, 2025 the best value apartment in the Speer area is the $0.66 price per square foot 3 Bed 1 Bath Model at 1512 E Gardner Ln in the in the Northmoor Knolls neighborhood starting from $795. The second greatest value Speer apartment is the Two Bedrooms, Two Bathrooms Model at Flats at Dunlap starting at $1,075 with a $1.08 price per square foot in the Northmoor Knolls neighborhood. Here is today’s list of the best values for Speer apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1512 E Gardner Ln | 3 Bed 1 Bath | 3BR,1BA | $0.66 |
| Flats at Dunlap | Two Bedrooms, Two Bathrooms | 2BR,2BA | $1.08 |
| 504 S Sweetbriar Dr | Model | 2BR,1BA | $1.11 |
| Versailles Apartments | Royal - 2BR / 1BA | 2BR,1BA | $1.05 |
| Hillcrest Apartments | 2 BR / 1 BA | 2BR,1BA | $1.12 |
| Forest Hill Apartments | 1x1 | 1BR,1BA | $1.12 |
| Nordic Villa Apartments | Loft | 1BR,1BA | $1.18 |
| Winkler Village Apartments | 1BD 1BTH | 1BR,1BA | $1.06 |
| Hollow Hills | Studio | Studio ,1BA | $1.08 |
| Woods + Meadow Apartments | Studio Apartment in North Peoria | Studio ,1BA | $1.12 |
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 ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Speer, IL Rentals by Map
See the most popular apartments and homes in Speer, IL
Frequently Asked Questions about Cheap Speer Apartments
What is the Cheapest Studio apartment in Speer?
Currently the most affordable Cheap Studio Apartment in Speer is at Willow Knolls Apartments listed at $700.
How much is rent for a Cheap One Bedroom Speer Apartment?
The lowest price for a Cheap One Bedroom Speer Apartment is $725 at Winkler Village Apartments.
What is the lowest price for a Cheap Two Bedroom Speer Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Speer is starting from $895 at Willow Knolls Apartments.
What is the most affordable Speer Three Bedroom Apartment?
The best deal on a cheap Speer Three Bedroom Apartment rental is at 1512 E Gardner Ln and starts from $795.
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

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.



