
Cheap Homes for Rent near Watseka, IL from $500 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Watseka.


409 E Campbell Ave

1088 Eastview Dr

1206 Robinson 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.

1212 Robinson St

419 N Market St

407 E Seminole St

101 Bannon Dr
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.
Watseka, IL Local Guide

How much does it cost to rent a home in Watseka?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Watseka 2 Bedroom Homes for Rent | $1,417 | $525 | $2,200 |
| Watseka 3 Bedroom Homes for Rent | $2,008 | $1,600 | $4,500 |
| Watseka 4 Bedroom Homes for Rent | $3,500 | $3,500 | $3,500 |
Browse Top Homes for Rent in Watseka
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Watseka, IL Local Guide
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Cheapest Available Watseka Apartments for Rent and Nearby
 The cheapest available apartment rental in Watseka, IL is a 1 Bed unit found at Fowler Place Apartments priced from $599. Wabash Shore Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here is today’s list of the most affordable Watseka apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Fowler Place Apartments | Floorplan E | 1BR,1BA | $599 |
| Wabash Shore Apartments | 1BR/1.0BA | 1BR,1BA | $699 |
| West Liberty Point 1BR | West Liberty Point 1BR - West... | 1BR,1BA | $725 |
Best Value Apartments for Rent in Watseka, IL and Nearby
As of July 12, 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 South Pointe 5bd/3.0ba Townhouse Model at South Pointe Commons starting at $1,186 with a $0.68 price per square foot . Here is today’s list of the best values for Watseka apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lark West Lafayette Townhomes | 3 Bedroom x 3.5 Bathroom Townhouse | 3BR,3.5BA | $0.34 |
| South Pointe Commons | South Pointe 5bd/3.0ba Townhouse | 5BR,3BA | $0.68 |
| Lodge on the Trail | Nevada-PREM | 3BR,3BA | $0.52 |
| McCormick Manor | 2 Bedroom 2 Bath *per Bed Price | 2BR,2BA | $0.70 |
| Devonshire Village | 2 Bed 2 Bath Sm Apt | 2BR,2BA | $1.09 |
| Wabash Lofts | 2x2 | 2BR,2BA | $0.88 |
| Madison Cottage of Rensselaer | 1x1 | 1BR,1BA | $1.14 |
| Woods Edge | The Boilermaker | 1BR,1BA | $1.07 |
| Waterview Estates | 1x1Waterview Estates | 1BR,1BA | $1.09 |
| Fowler Place Apartments | Floorplan E | 1BR,1BA | $1.20 |
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.
Best Local Schools in Watseka, IL
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Watseka
What type of rentals are currently available in Watseka?
There are currently 71 Apartments for Rent in Watseka, IL with pricing that ranges from $549 to $3,420. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Watseka ranging from $525 to $4,500.
What is the current price range for Rental Homes in Watseka?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Watseka ranges from $525 to $4,500 with an average monthly rent of $1,950.
How much are larger Three and Four Bedroom Rentals in Watseka?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Watseka range from $625 to $3,319, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,600 to $4,500. Four Bedroom Single-Family rentals are also available starting from $3,500 and Four Bedroom Apartments start at $599.
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.