Cheap Homes for Rent in Wheaton, IL from $1,400 (11 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in Wheaton.

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.

Wheaton, IL Local Guide

Cheapest Neighborhoods for Apartments in Wheaton, IL

Pricing Updated: 06/12/2026

Current apartment rentals in the Wheaton, IL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Wheaton Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Wheaton$4,866$1,39520

Cheapest Available Wheaton Apartments for Rent

 

The cheapest available apartment rental in Wheaton, IL is a 1 Bed unit found at Kenilworth Arms in the East Wheaton neighborhood priced from $1,200. St. Charles Square in the North Wheaton neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,365. Here is today’s list of the most affordable Wheaton apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Kenilworth Arms1 Bed1BR,1BA$1,200
St. Charles Square1 Bed 1 Bath1BR,1BA$1,365
Parkside Apartments1 BED / 1.0 BATH, 700 SQ FT - RENOVATED1BR,1BA$1,395
The Apartment Homes at 850 Front StreetOne Bedroom1BR,1BA$1,395
Wheaton Court Apartments1br1ba 2nd Floor1BR,1BA$1,395

Best Value Apartments for Rent in Wheaton, IL

As of June 12, 2026 the best value apartment in the Wheaton area is the $1.46 price per square foot A3 The Prelude Model at TGM Retreat at Danada in the in the Briarcliffe Knolls neighborhood starting from $2,499. The second greatest value Wheaton apartment is the 484 Western Ave Model at 484 Western Ave, Unit 2 starting at $3,300 with a $2.00 price per square foot in the East Wheaton neighborhood. Here is today’s list of the best values for Wheaton apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
TGM Retreat at DanadaA3 The Prelude1BR,1.5BA$1.46
484 Western Ave, Unit 2484 Western Ave3BR,2BA$2.00
1307 College Ave2BR2BR,1BA$1.79
Lakeside at Wheaton ApartmentsMichigan2BR,2BA$2.02
617 Delles Rd, Unit Unit B617 Delles Rd1BR,1BA$1.89
28 N Main St28 N Main St2BR,1BA$1.89
Lorraine Park & Parkview Apartmentsone bedroom1BR,1BA$1.56
Courts Of Williamsburg1 Bedroom1BR,1BA$1.88
The Apartment Homes at 850 Front StreetOne Bedroom1BR,1BA$1.86
St. Charles Square1 Bed 1 Bath1BR,1BA$1.95

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 Article
Decorative image

Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com

Read Article
Decorative image

A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com

Read Article
Decorative image

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.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Wheaton, IL
Population: 53,150

Ranked #738

in US Census Population by City

decorative image of people examining a giant globe and floating graphs

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

Explore Wheaton, IL Rentals by Map

View Map
Wheaton, IL Apartments Map
View Map
Wheaton, IL Rental Homes Map

Wheaton, IL Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

Frequently Asked Questions about Wheaton

What type of rentals are currently available in Wheaton?

There are currently 180 Apartments for Rent in Wheaton, IL with pricing that ranges from $1,187 to $19,360. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wheaton ranging from $1,450 to $8,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Wheaton ranges from $1,450 to $8,000 with an average monthly rent of $3,268.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Wheaton range from $1,772 to $11,781, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,400 to $4,460. Four Bedroom Single-Family rentals are also available starting from $2,850 and Four Bedroom Apartments start at $10,000.

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.

Helpful Local Expert Guides

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago

Written by: Nicole Harms

I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

decorative image for Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago article

Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

Written by: Nicole Harms

With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

decorative image for Best Neighborhoods to Rent in Near Chicago's Top Employers article

Best Neighborhoods to Rent in Near Chicago's Top Employers

Written by: Nicole Harms

Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

decorative image for Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago article

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Written by: Nicole Harms

From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.

Articles, How-To's, and Tips

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.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

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.