
Cheap Homes for Rent near Thayer, IL from $500 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Thayer.


205 North St

1616 S 7th St

50 Iroquois Dr

2160 S Martin Luther King Jr Dr
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

2525 W Monroe St

2136 S 9th St

2451 S 11th St

205 N North St

2155 S 13th St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Thayer, IL Local Guide

How much does it cost to rent a home in Thayer?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Thayer 2 Bedroom Homes for Rent | $1,099 | $750 | $1,850 |
| Thayer 3 Bedroom Homes for Rent | $1,710 | $595 | $2,950 |
| Thayer 4 Bedroom Homes for Rent | $3,031 | $2,700 | $3,500 |
| Thayer 5 Bedroom Homes for Rent | $2,700 | $2,700 | $2,700 |
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Thayer, IL Local Guide
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Cheapest Available Thayer Apartments for Rent and Nearby
 The cheapest available apartment rental in Thayer, IL is a 1 Bed unit found at Jacksonville Affordable Housing priced from $485. Whispering Pines Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here is today’s list of the most affordable Thayer apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Jacksonville Affordable Housing | 1 Bedroom 50% | 1BR,1BA | $485 |
| Whispering Pines Apartments | 1 Bed, 1 Bath - Essential | 1BR,1BA | $600 |
| The Hickox Collection | The Hickox | Studio,1BA | $665 |
Best Value Apartments for Rent in Thayer, IL and Nearby
As of July 22, 2026 the best value apartment in the Thayer area is the $0.90 price per square foot Townhome Model at Ravenwood Townhomes in the starting from $895. The second greatest value Thayer apartment is the Townhouse Model at The Boulevard Townhomes starting at $975 with a $1.04 price per square foot . Here is today’s list of the best values for Thayer apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Ravenwood Townhomes | Townhome | 2BR,1.5BA | $0.90 |
| The Boulevard Townhomes | Townhouse | 2BR,1.5BA | $1.04 |
| 3TEN Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.05 |
| New Eastlawn Apartments | Two Bedroom | 2BR,1BA | $1.03 |
| Cobblestone Apartments | Cobblestone 2BD | 2BR,1BA | $1.06 |
| 2474 N Florian | 10 | 2BR,1.5BA | $1.13 |
| The Raymond Apartments | Two bedroom | 2BR,1BA | $1.00 |
| 731 South Grand Ave W | 1/1 | 1BR,1BA | $1.31 |
| Pine Ridge Apartments | One Bedroom | 1BR,1BA | $1.17 |
| Jacksonville Affordable Housing | 1 Bedroom 60% | 1BR,1BA | $0.88 |
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 ArticleReal 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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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Thayer
What type of rentals are currently available in Thayer?
There are currently 47 Apartments for Rent in Thayer, IL with pricing that ranges from $347 to $3,400. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Thayer ranging from $595 to $3,500.
What is the current price range for Rental Homes in Thayer?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Thayer ranges from $595 to $3,500 with an average monthly rent of $1,848.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.