Cheap Apartments for Rent in Wayne, IL from $800 (46 Rentals)

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

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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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.

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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.

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39 Surrey Dr
Studio to 3 Bedroom Apartments

39 Surrey Dr

51 Surrey DrElgin, IL 60123
  • Utilities Included
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306-314 Wilson Ave
1 Bedroom Apartments

306-314 Wilson Ave

306-314 Wilson AveWest Chicago, IL 60185
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269 Douglas Ave
1 Bedroom Apartments

269 Douglas Ave

269 Douglas AveElgin, IL 60120
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278 Douglas Ave
1 Bedroom Apartments

278 Douglas Ave

278 Douglas AveElgin, IL 60120

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Elgin Tower Lofts
1 to 2 Bedroom Apartments

Elgin Tower Lofts

100 E Chicago StElgin, IL 60120
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333 Raymond St
2 Bedroom Apartments

333 Raymond St

326-334 Raymond StElgin, IL 60120
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Firethorne
2 Bedroom Apartments

Firethorne

1350 Brook StSt. Charles, IL 60174
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WC Kimball
2 Bedroom Apartments

WC Kimball

52 N Crystal AveElgin, IL 60123
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Ashford at Geneva
1 to 2 Bedroom Apartments

Ashford at Geneva

390-420 Brittany CtGeneva, IL 60134
Corporate Housing

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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Showing Results 1-46, Page 1 of 1

Wayne, IL Local Guide

Cheapest Available Wayne Apartments for Rent and Nearby

 

The cheapest available apartment rental in Wayne, IL is a Studio unit found at 39 Surrey Dr in the West Ridge Village neighborhood priced from $1,100. Wood Glen Senior Residences in the Alta Vista Gardens neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,136. Here is today’s list of the most affordable Wayne apartments for rent:

Apartment ListingModel NameBed/BathPriced From
39 Surrey Dr39 Surrey DriveStudio,1BA$1,100
Wood Glen Senior ResidencesOne Bedroom1BR,1BA$1,136
Squire Village Apartments2BR/1.5BA2BR,1BA$1,156
River's Landing Apartments1 Bedroom 1 Bath 675 sq ft1BR,1BA$1,235
Orchard Hills ApartmentsA1BR,1BA$1,250
WestlineSTU-410Studio,1BA$1,284
Hanover Park Blu ApartmentsThe Lincoln1BR,1BA$1,295
Bartlett Lakes Apartments1 Bedroom 1 Bath (B)1BR,1BA$1,325
Royal Ridge Apartments1 Bedroom1BR,1BA$1,350
Fox Run ApartmentsShelby1BR,1BA$1,439

Best Value Apartments for Rent in Wayne, IL and Nearby

As of July 01, 2026 the best value apartment in the Wayne area is the $0.88 price per square foot 4BR/1.5BA Model at Squire Village Apartments in the in the Beacon Pointe neighborhood starting from $1,482. The second greatest value Wayne apartment is the 2 Bed/ 2 Bath/ Den Model at Fountain Square starting at $2,600 with a $2.00 price per square foot in the College Green neighborhood. Here is today’s list of the best values for Wayne apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Squire Village Apartments4BR/1.5BA4BR,1.5BA$0.88
Fountain Square2 Bed/ 2 Bath/ Den2BR,2.5BA$2.00
Pepper Valley ApartmentsHerrington - 2Bd/2Ba-Vaulted Ceiling2BR,2BA$1.68
Timber LakePine2BR,1BA$2.02
The Crossings at St. CharlesI Bedroom1BR,1BA$1.95
Haven St. CharlesA1.R - 1 Bedroom Renovated1BR,1BA$2.02
Orchard Hills ApartmentsA1BR,1BA$1.84
River's Landing Apartments1 Bedroom 1 Bath 675 sq ft1BR,1BA$1.83
Hanover Park Blu ApartmentsThe Lincoln1BR,1BA$1.92
39 Surrey Dr39 Surrey DriveStudio ,1BA$1.69

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

Explore Wayne, IL Rentals by Map

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Frequently Asked Questions about Cheap Wayne Apartments

What is the Cheapest Studio apartment in Wayne?

Currently the most affordable Cheap Studio Apartment in Wayne is at 39 Surrey Dr listed at $1,100.

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

The lowest price for a Cheap One Bedroom Wayne Apartment is $1,136 at Wood Glen Senior Residences.

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

Today's best deal for a Cheap Two Bedroom Apartment in Wayne is starting from $1,156 at Squire Village Apartments.

What is the most affordable Wayne Three Bedroom Apartment?

The best deal on a cheap Wayne Three Bedroom Apartment rental is at Authentix South Elgin and starts from $2,473.

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.

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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.

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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.