Cheap Homes for Rent in Wayne, IL from $2,100 (9 Rentals)

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Search the lowest-cost Homes 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.

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.

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

Best Value Apartments for Rent in Wayne, IL and Nearby

As of June 14, 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 LakeBirch2BR,1.5BA$2.05
River's Landing Apartments2 Bedroom 1 Bath 775 sq ft2BR,1BA$1.87
Haven St. CharlesA1.R - 1 Bedroom Renovated1BR,1BA$2.02
Orchard Hills ApartmentsA1BR,1BA$1.84
Hanover Park Blu ApartmentsThe Lincoln1BR,1BA$1.92
39 Surrey Dr39 Surrey DriveStudio ,1BA$1.69
Wood Glen Senior ResidencesOne Bedroom1BR,1BA$2.03

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

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Frequently Asked Questions about Wayne

What type of rentals are currently available in Wayne?

There are currently 65 Apartments for Rent in Wayne, IL with pricing that ranges from $826 to $4,550. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wayne ranging from $2,150 to $9,999.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Wayne ranges from $2,150 to $9,999 with an average monthly rent of $4,684.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Wayne range from $2,030 to $4,550, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,200 to $6,130. Four Bedroom Single-Family rentals are also available starting from $3,100 and Four Bedroom Apartments start at $1,482.

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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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.