Cheap Apartments for Rent near Watseka, IL from $400 (36 Rentals)

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Search the lowest-cost Apartments available for rent right now in Watseka.

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.

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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.

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2204 Alpha Dr
1 Bedroom Apartments

2204 Alpha Dr

2204 Alpha DrDanville, IL 61832

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Bethel Townhomes
3 Bedroom Apartments

Bethel Townhomes

3552-3558 Bethel DrWest Lafayette, IN 47906
Student Housing
  • Utilities Included
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Autumn Ridge
Studio to 3 Bedroom Apartments

Autumn Ridge

119 E Sycamore DrPark Forest, IL 60466
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1155 Anthrop Dr
Studio to 2 Bedroom Apartments

1155 Anthrop Dr

1155 Anthrop DrWest Lafayette, IN 47906
Student Housing
  • Utilities Included
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101 E Bannon St
1 to 2 Bedroom Apartments

101 E Bannon St

101 E Bannon StDwight, IL 60420
property at 29837 IL-50

$1,000 - $1,600

1 To 3 Bedroom Rentals

Available Now

29837 IL-50

PeotoneIL60468

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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Showing Results 1-36, Page 1 of 1

Watseka, IL Local Guide

Cheapest Available Watseka Apartments for Rent and Nearby

 

The cheapest available apartment rental in Watseka, IL is a 1 Bed unit found at Wabash Shore Apartments priced from $699. West Liberty Point 1BR has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable Watseka apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Wabash Shore Apartments1BR/1.0BA1BR,1BA$699
West Liberty Point 1BRWest Liberty Point 1BR - West...1BR,1BA$725
Waterview Estates1x1Waterview Estates1BR,1BA$730
The Verander1Br1BR,1BA$732
McCormick Manor2 Bedroom 2 Bath *per Bed Price2BR,2BA$745
Woods EdgeThe Boilermaker1BR,1BA$750
Crest ApartmentsStudioStudio,1BA$800
Townway Place1 Beds, 1 Baths1BR,1BA$800
The Grove1BR1BR,1BA$816
Madison Cottage of Rensselaer1x11BR,1BA$970

Best Value Apartments for Rent in Watseka, IL and Nearby

As of July 24, 2026 the best value apartment in the Watseka area is the $0.34 price per square foot 3 Bedroom x 3.5 Bathroom Townhouse Model at Lark West Lafayette Townhomes in the starting from $649. The second greatest value Watseka apartment is the Nevada-PREM Model at Lodge on the Trail starting at $625 with a $0.52 price per square foot in the Discovery Park neighborhood. Here is today’s list of the best values for Watseka apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lark West Lafayette Townhomes3 Bedroom x 3.5 Bathroom Townhouse3BR,3.5BA$0.34
Lodge on the TrailNevada-PREM3BR,3BA$0.52
McCormick Manor2 Bedroom 2 Bath *per Bed Price2BR,2BA$0.66
Devonshire Village2 Bed 2 Bath Sm Apt2BR,2BA$1.09
South Pointe CommonsSouth Pointe 3bd/1.5ba Townhouse3BR,1.5BA$0.89
ST JAMES SENIOR APARTMENTS2 BED 1 BATH2BR,1BA$1.25
Wabash Lofts2x22BR,2BA$0.82
Madison Cottage of Rensselaer1x11BR,1BA$1.14
Woods EdgeThe Boilermaker1BR,1BA$1.07
Waterview Estates1x1Waterview Estates1BR,1BA$1.09

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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Best Local Schools in
Watseka, IL

School data provided by Great Schools

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

Explore Watseka, IL Rentals by Map

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Frequently Asked Questions about Cheap Watseka Apartments

What is the Cheapest Studio apartment in Watseka?

Currently the most affordable Cheap Studio Apartment in Watseka is at Crest Apartments listed at $800.

How much is rent for a Cheap One Bedroom Watseka Apartment?

The lowest price for a Cheap One Bedroom Watseka Apartment is $699 at Wabash Shore Apartments.

What is the lowest price for a Cheap Two Bedroom Watseka Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Watseka is starting from $745 at McCormick Manor.

What is the most affordable Watseka Three Bedroom Apartment?

The best deal on a cheap Watseka Three Bedroom Apartment rental is at Woods Edge and starts from $950.

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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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.

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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.

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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.