Cheap Homes for Rent near Warsaw, IL from $500 (17 Rentals)

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

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.

property at 708 SW 6th St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

2 Bedroom, 1 Bath Home for Rent

Available Now

708 SW 6th St

AledoIL61231
property at 1116 beecher ave

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875

Total Monthly Price
$875

2 Bedroom, 1 Bath Townhome for Rent

Available Aug 1

1116 beecher ave, Unit 2

1116 beecher ave
GalesburgIL61401
property at 1205 S 15th St

$885

Total Monthly Price

Total Monthly Price

Base Rent
$885

Total Monthly Price
$885

3 Bedroom, 1 Bath Home for Rent

Available Now

1205 S 15th St

BurlingtonIA52601

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.

property at 714 W Carroll St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

2 Bedroom, 1 Bath Home for Rent

Available Aug 1

714 W Carroll St

MacombIL61455
property at 912 Iowa St

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

2 Bedroom, 1 Bath Home for Rent

Available Now

912 Iowa St

BurlingtonIA52601

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.

property at 1017 Park Ave

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

3 Bedroom, 1 Bath Home for Rent

Available Aug 1

1017 Park Ave

BurlingtonIA52601

Warsaw, IL Local Guide

Cheapest Available Warsaw Apartments for Rent and Nearby

 

The cheapest available apartment rental in Warsaw, IL is a 2 Beds unit found at Cedar Creek Crossing Apartments priced from $267. Macomb Rentals has the second lowest priced unit, which is a Studio apartment currently listed from $390. Here is today’s list of the most affordable Warsaw apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cedar Creek Crossing Apartments2 Bed 2 Bath2BR,2BA$267
Macomb RentalsStudio, 1 bathStudio,1BA$390
Mayfair Manor2x12BR,1BA$550
Smith and Royer Apartments1 Bedroom Side Apartment1BR,1BA$550
Caspian Village Apartments2 Bedroom, 1 Bathrom2BR,1BA$625

Best Value Apartments for Rent in Warsaw, IL and Nearby

As of July 12, 2026 the best value apartment in the Warsaw area is the $0.43 price per square foot 203 S 6th St Model at 203 S 6th St, Unit 1 in the starting from $650. The second greatest value Warsaw apartment is the 3 BR / 2 BA Model at Creekside Park starting at $1,029 with a $0.85 price per square foot . Here is today’s list of the best values for Warsaw apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
203 S 6th St, Unit 1203 S 6th St2BR,1BA$0.43
Creekside Park3 BR / 2 BA3BR,2BA$0.85
Blaul LoftsBlaul Lofts - 2082BR,1BA$1.00
Cedar Creek Crossing Apartments2 Bed 2 Bath2BR,2BA$0.28
Westland Village2x12BR,1BA$0.89
Hawthorne Townhomes2 Bedrooms 2 Bath2BR,1.5BA$0.91
PARKWAY ESTATES2 Bedroom 1 Bath2BR,1BA$0.86
Alice Place West Burlington2-Bedroom2BR,1BA$0.90
Park Madison Apartments1BR/1BA1BR,1BA$1.00
Beardstown Apartments2 Bedroom2BR,1BA$0.99

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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Quick 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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Warsaw, IL Rentals by Map

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Frequently Asked Questions about Warsaw

What type of rentals are currently available in Warsaw?

There are currently 61 Apartments for Rent in Warsaw, IL with pricing that ranges from $390 to $5,600. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Warsaw ranging from $595 to $5,000.

What is the current price range for Rental Homes in Warsaw?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Warsaw ranges from $595 to $5,000 with an average monthly rent of $1,995.

How much are larger Three and Four Bedroom Rentals in Warsaw?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Warsaw range from $870 to $2,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $885 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $600.

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

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

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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.