Cheap Apartments for Rent in Wood River, IL from $500 (28 Rentals)

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

property at 103 W 1st St

$650 - $700

Studio To 1 Bedroom Rentals

Available Now

103 W 1st St

RoxanaIL62084

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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710-728 Connor Dr
2 Bedroom Apartments

710-728 Connor Dr

710-728 Connor DrSouth Roxana, IL 62087
  • Utilities Included
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Diplomat Apartments
1 to 2 Bedroom Apartments

Diplomat Apartments

385-407 Kent StEast Alton, IL 62024
  • Utilities Included

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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Heatherton Estates
1 to 3 Bedroom Apartments

Heatherton Estates

6203 Kingsfont PlFlorissant, MO 63033
Corporate Housing

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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Showing Results 1-28, Page 1 of 1

Wood River, IL Local Guide

Cheapest Available Wood River Apartments for Rent and Nearby

 

The cheapest available apartment rental in Wood River, IL is a 1 Bed unit found at Trinity Park in the North Riverfront neighborhood priced from $525. Bilava Village in the Paddock Forest neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Wood River apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Trinity Park1 bedroom, 1 bathroom1BR,1BA$525
Bilava Village1BD/1BA1BR,1BA$675
Rocwood Apartments1BR Units1BR,1BA$700
Cedar Point ApartmentsEfficiencyStudio,1BA$775
Whispering Lake Apartments1BR 1BA GARDEN1BR,1BA$789
River Pointe Apartments1 Bed / 1 Bath1BR,1BA$800
Rivertrail Apartments1bd1BR,1BA$825
Brighton Apartments1 Bedroom1BR,1BA$875
326 E Central St2 Bed, 1 Bath2BR,1BA$875

Best Value Apartments for Rent in Wood River, IL and Nearby

As of May 22, 2026 the best value apartment in the Wood River area is the $0.88 price per square foot 3 Bedroom 1.5 Bath Townhome with Garage Model at River Trace Townhomes in the in the North Riverfront neighborhood starting from $1,255. The second greatest value Wood River apartment is the D1 Model at Parc at 720 starting at $760 with a $0.54 price per square foot in the Fruit Maple Carpenter neighborhood. Here is today’s list of the best values for Wood River apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
River Trace Townhomes3 Bedroom 1.5 Bath Townhome with Garage3BR,1.5BA$0.88
Parc at 720D14BR,4BA$0.54
The Residences at Bella VistaClassic2BR,2BA$0.91
Paddock Village Apartments2 Bedroom 1.5 Bath2BR,1.5BA$1.09
Victorian Village2 Bed 1.5 Bath2BR,1.5BA$1.12
Surrey Court Apartments2 Beds, 1 bath2BR,1BA$1.12
326 E Central St2 Bed, 1 Bath2BR,1BA$1.03
Spanish Lake TownhomesLuna1BR,1BA$1.14
Trinity Park1 bedroom, 1 bathroom1BR,1BA$1.09
Rocwood Apartments1BR Units1BR,1BA$1.13

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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Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in St. Louis

A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the St. Louis, MO metro area for affordable living. Find your perfect Student apartment, condo, or rental home today at apartmenthomeliving.com

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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!

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Frequently Asked Questions about Cheap Wood River Apartments

What is the Cheapest Studio apartment in Wood River?

Currently the most affordable Cheap Studio Apartment in Wood River is at Cedar Point Apartments listed at $775.

How much is rent for a Cheap One Bedroom Wood River Apartment?

The lowest price for a Cheap One Bedroom Wood River Apartment is $525 at Trinity Park.

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

Today's best deal for a Cheap Two Bedroom Apartment in Wood River is starting from $625 at Trinity Park.

What is the most affordable Wood River Three Bedroom Apartment?

The best deal on a cheap Wood River Three Bedroom Apartment rental is at Bilava Village and starts from $1,100.

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

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A Local Expert’s Guide To the 10 Top Budget-Friendly Neighborhoods to Rent in St. Louis

Written by: Taryn Shorr-Mckee

I’m Taryn, your ApartmentHomeLiving.com team Local Expert for St. Louis, Missouri. Nicknamed “a city of neighborhoods,” St. Louis has nearly 80 distinct communities, each with unique characteristics setting it apart from others.

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Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in St. Louis

Written by: Taryn Shorr-Mckee

Finding the right neighborhood to rent near your St. Louis college or university isn’t just about convenience.

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St. Louis Living: Your Local Experts Guide to Neighborhoods and Renting

Written by: Taryn Shorr-Mckee

St. Louis is a historic city of neighborhoods — nearly 80 of them — each with its own personality, rhythm, and everyday comforts.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.