
Cheap Homes for Rent in Walnut Hill, IL from $300 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Walnut Hill.


909 Fairland St

902 W Pine St

272 S Shannon St

1208 Illinois Ave

418 W Webster St
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.

304 Estate Dr

510 W 5th St

18 S Linden St

301 E Olive St

1217 N 9th St

919 Mulberry St
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.
Walnut Hill, IL Local Guide

How much does it cost to rent a home in Walnut Hill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Walnut Hill 2 Bedroom Homes for Rent | $1,110 | $290 | $2,200 |
| Walnut Hill 3 Bedroom Homes for Rent | $1,519 | $699 | $2,975 |
| Walnut Hill 5 Bedroom Homes for Rent | $3,200 | $3,000 | $3,400 |
| Walnut Hill 6 Bedroom Homes for Rent | $2,995 | $2,995 | $2,995 |
Browse Top Homes for Rent in Walnut Hill
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Walnut Hill, IL Local Guide
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Cheapest Available Walnut Hill Apartments for Rent and Nearby
 The cheapest available apartment rental in Walnut Hill, IL is a 2 Beds unit found at Cedars of Lebanon Apartments in the Metro East neighborhood priced from $200. McKay Manor in the Clinton County neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $486. Here is today’s list of the most affordable Walnut Hill apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cedars of Lebanon Apartments | Two Bedroom | 2BR,1BA | $200 |
| McKay Manor | 1 Bdrm | 1BR,1BA | $486 |
| Flax Meadow Townhomes | Two Bed | 2BR,1BA | $715 |
| Kingsbury Campus Apartments | 2 Beds, 1 Bath Model | 2BR,1BA | $800 |
| Bouse Apartment Homes | 1 Bedroom 1 Bath | 1BR,1BA | $845 |
Best Value Apartments for Rent in Walnut Hill, IL and Nearby
As of July 07, 2026 the best value apartment in the Walnut Hill area is the $0.89 price per square foot 1X1 Model at 2600 Fairway Dr in the starting from $1,600. The second greatest value Walnut Hill apartment is the 3 bedroom Model at 2707 Fairway Dr starting at $1,400 with a $1.00 price per square foot . Here is today’s list of the best values for Walnut Hill apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2600 Fairway Dr | 1X1 | 3BR,2.5BA | $0.89 |
| 2707 Fairway Dr | 3 bedroom | 3BR,2BA | $1.00 |
| BSB Apartments | 3 Bd Townhouse w/ Garage | 3BR,2BA | $1.04 |
| Linwood Apartments | Two Bed One Bath | 2BR,1BA | $0.91 |
| 1118 E 3rd St | 2 Beds, 1 bath | 2BR,1BA | $1.18 |
| 1400 Sangamon Dr | 2 Beds, 2 baths | 2BR,2BA | $1.15 |
| Flax Meadow Townhomes | Two Bed | 2BR,1.5BA | $0.81 |
| Kingsbury Campus Apartments | 2 Beds, 1 Bath Model | 2BR,1BA | $1.05 |
| McKay Manor | 1 Bdrm | 1BR,1BA | $0.66 |
| Cedars of Lebanon Apartments | Studio | Studio ,1BA | $0.44 |
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.
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 Walnut Hill, IL Rentals by Map
See the most popular apartments and homes in Walnut Hill, IL
Frequently Asked Questions about Walnut Hill
What type of rentals are currently available in Walnut Hill?
There are currently 50 Apartments for Rent in Walnut Hill, IL with pricing that ranges from $200 to $2,605. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Walnut Hill ranging from $290 to $3,400.
What is the current price range for Rental Homes in Walnut Hill?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Walnut Hill ranges from $290 to $3,400 with an average monthly rent of $1,987.
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

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.