
Cheap Homes for Rent in Watseka, IL from $400 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Watseka.


409 E Campbell Ave

1088 Eastview Dr

3570 N Vermilion 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.

418 N High St

426 W Maple St

204 W Oxford St

407 E Seminole 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.
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 | $1,242 | $425 | $1,850 |
| Watseka 3 Bedroom Homes for Rent | $2,038 | $1,200 | $4,500 |
| Watseka 4 Bedroom Homes for Rent | $2,831 | $1,895 | $3,900 |
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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 Waterview Estates priced from $730. Falcon Way Townhomes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $731. Here is today’s list of the most affordable Watseka apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Waterview Estates | 1x1Waterview Estates | 1BR,1BA | $730 |
| Falcon Way Townhomes | One Bedroom | 1BR,1BA | $731 |
| The Verander | 1Br | 1BR,1BA | $732 |
Best Value Apartments for Rent in Watseka, IL and Nearby
As of May 27, 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 Dakota-PREM Model at Lodge on the Trail starting at $665 with a $0.55 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 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 |
| Lodge on the Trail | Dakota-PREM | 3BR,3BA | $0.55 |
| Golfview Village | The McGavin | 3BR,1.5BA | $0.70 |
| The Cottages on Lindberg | 2 BEDROOM 2.5 BATH | 2BR,2.5BA | $0.77 |
| Devonshire Village | 2 Bed 2 Bath Sm Apt | 2BR,2BA | $1.09 |
| The Oasis | 3C- Premium 13's | 3BR,3BA | $0.78 |
| Wabash Lofts | 2x2 | 2BR,2BA | $1.00 |
| The Vibe on Paramount | The Vibe at Paramount - 2 Bed/2 Bath - (Layout ... | 2BR,2BA | $0.87 |
| Woods Edge | The Boilermaker | 1BR,1BA | $1.07 |
| Waterview Estates | 1x1Waterview Estates | 1BR,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.
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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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 $499 to $3,408. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Watseka ranging from $425 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 $425 to $4,500 with an average monthly rent of $1,728.
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 $3,250, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,895 and Four Bedroom Apartments start at $649.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.