
Cheap Apartments for Rent in Wheeler, IL from $300 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in Wheeler.


Rider Place Apartments

Arbors at Honey Creek

Coles Crossing Apartments

OldeTowne Apartments

Capitol Pointe Apartments
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.

Park Place

Total Monthly Price
616 S 6th St

Harrison West

Highland

Indian Trail Apartments

Historic Walnut Square
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.

200 N Pine St

Sugar Creek Crossing

304 E Jefferson Ave

Newton Senior Housing

1231 E Dawn Dr

Arthur Ave Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Cougill Senior Apartments

600 Marshall Ave
Wheeler, IL Local Guide

How much does it cost to rent an apartment in Wheeler?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Wheeler Studio Apartments | $777 | $699 | $858 |
| Wheeler 1 Bedroom Apartments | $820 | $413 | $1,082 |
| Wheeler 2 Bedroom Apartments | $1,016 | $549 | $2,063 |
| Wheeler 3 Bedroom Apartments | $1,296 | $675 | $2,035 |
| Wheeler 4 Bedroom Apartments | $953 | $430 | $1,660 |
Browse Top Apartments in Wheeler
See all Apartments in WheelerExplore Wheeler
Wheeler, IL Local Guide
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Cheapest Available Wheeler Apartments for Rent and Nearby
 The cheapest available apartment rental in Wheeler, IL is a 1 Bed unit found at OldeTowne Apartments priced from $629. 616 S 6th St has the second lowest priced unit, which is a Studio apartment currently listed from $699. Here is today’s list of the most affordable Wheeler apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| OldeTowne Apartments | 1 Bed/1 Bath | 1BR,1BA | $629 |
| 616 S 6th St | 0/1 | Studio,1BA | $699 |
| Willow Crossings | Phase I - Studio | Studio,1BA | $720 |
| Springhill Apartments | 1 Bedroom | 1BR,1BA | $725 |
| The Annex of Terre Haute | Studio A | Studio,1BA | $725 |
Best Value Apartments for Rent in Wheeler, IL and Nearby
As of February 25, 2026 the best value apartment in the Wheeler area is the $1.08 price per square foot Millennium Apartments 3 Bed, 1 Bath 2026–2027 W... Model at Millennium Apartments in the starting from $1,515. The second greatest value Wheeler apartment is the 3 Bed 2.5 Bath Model at Panther Heights starting at $1,380 with a $0.99 price per square foot . Here is today’s list of the best values for Wheeler apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Millennium Apartments | Millennium Apartments 3 Bed, 1 Bath 2026–2027 W... | 3BR,1BA | $1.08 |
| Panther Heights | 3 Bed 2.5 Bath | 3BR,2.5BA | $0.99 |
| Riverfront | Layout 20 (East/Track View) | 2BR,2BA | $1.33 |
| Arbors at Honey Creek | 2x2 | 2BR,2BA | $0.94 |
| The Courtyard | 3 Bed 1 Bath | 3BR,1BA | $1.27 |
| ANTHONY SQUARE SENIOR LIVING | 2 Bed 1 Bath | 2BR,1BA | $0.94 |
| 2219 9th St | 2 Bed / 2 Bath | 2BR,2BA | $1.35 |
| Wabash Riverfront Flats | 2BR/1.0BA | 2BR,1BA | $1.24 |
| Southern Meadows Senior Living | 1 Bed Villa | 1BR,1BA | $1.06 |
| Springhill Apartments | 1 Bedroom | 1BR,1BA | $1.18 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Wheeler, IL Rentals by Map
See the most popular apartments and homes in Wheeler, IL
Frequently Asked Questions about Cheap Wheeler Apartments
What is the Cheapest Studio apartment in Wheeler?
Currently the most affordable Cheap Studio Apartment in Wheeler is at 616 S 6th St listed at $699.
How much is rent for a Cheap One Bedroom Wheeler Apartment?
The lowest price for a Cheap One Bedroom Wheeler Apartment is $629 at OldeTowne Apartments.
What is the lowest price for a Cheap Two Bedroom Wheeler Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Wheeler is starting from $719 at OldeTowne Apartments.
What is the most affordable Wheeler Three Bedroom Apartment?
The best deal on a cheap Wheeler Three Bedroom Apartment rental is at OldeTowne Apartments and starts from $799.
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

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.