
Cheap Homes for Rent in Wheeler, IL from $500 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Wheeler.


100 Gilbert Ave

1520 Main St

1709 Crawford St

6704 S Honey Creek 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.

1719 College Ave

418 S Van Buren St

506 S 18th St

1103 N 8th St

2615 S Center St
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.
Wheeler, IL Local Guide

How much does it cost to rent a home in Wheeler?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Wheeler 2 Bedroom Homes for Rent | $1,032 | $550 | $1,395 |
| Wheeler 3 Bedroom Homes for Rent | $1,575 | $925 | $2,500 |
| Wheeler 4 Bedroom Homes for Rent | $1,214 | $1,150 | $1,295 |
| Wheeler 5 Bedroom Homes for Rent | $1,200 | $1,200 | $1,200 |
Browse Top Homes for Rent in Wheeler
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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. Willow Crossings has the second lowest priced unit, which is a Studio apartment currently listed from $670. 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 |
| Willow Crossings | Phase I - Studio | Studio,1BA | $670 |
| 616 S 6th St | 0/1 | Studio,1BA | $699 |
Best Value Apartments for Rent in Wheeler, IL and Nearby
As of March 19, 2026 the best value apartment in the Wheeler area is the $0.99 price per square foot 3 Bed 2.5 Bath Model at Panther Heights in the starting from $1,380. The second greatest value Wheeler apartment is the Layout 22 (River View) Model at Riverfront starting at $1,500 with a $1.26 price per square foot in the Downtown Terre Haute neighborhood. 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. |
|---|---|---|---|
| Panther Heights | 3 Bed 2.5 Bath | 3BR,2.5BA | $0.99 |
| Riverfront | Layout 22 (River View) | 2BR,2BA | $1.26 |
| Sullivan Downtown Townhomes | 3 Bed 2 Bath Townhome | 3BR,2BA | $1.49 |
| 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 | $0.90 |
| Wabash Riverfront Flats | 2BR/1.0BA | 2BR,1BA | $1.24 |
| Campus Suites | 1 Bed 1 Bath | 1BR,1BA | $1.38 |
| The Village | 1BR/1.0BA | 1BR,1BA | $1.32 |
| Cobblestone Crossings Apartments | Avalon - 1.Lower | 1BR,1BA | $1.61 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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
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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 Wheeler
What type of rentals are currently available in Wheeler?
There are currently 50 Apartments for Rent in Wheeler, IL with pricing that ranges from $413 to $2,083. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wheeler ranging from $500 to $2,500.
What is the current price range for Rental Homes in Wheeler?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Wheeler ranges from $500 to $2,500 with an average monthly rent of $1,140.
How much are larger Three and Four Bedroom Rentals in Wheeler?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Wheeler range from $675 to $2,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $925 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,150 and Four Bedroom Apartments start at $430.
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.