
Cheap Homes for Rent in Wood River, IL from $600 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Wood River.


806 Center St

140 Illinois St

408 W 4th St

116 N 14th St
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.

329 Park Ln

208 W Thomas St

902 State St

1602 Park St

306 Lampert 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.
Wood River, IL Local Guide

How much does it cost to rent a home in Wood River?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Wood River 2 Bedroom Homes for Rent | $990 | $695 | $1,250 |
| Wood River 3 Bedroom Homes for Rent | $1,337 | $1,025 | $1,750 |
| Wood River 4 Bedroom Homes for Rent | $1,281 | $1,050 | $1,600 |
Browse Top Homes for Rent in Wood River
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Wood River, IL Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Trinity Park | 1 bedroom, 1 bathroom | 1BR,1BA | $525 |
| Bilava Village | 1BD/1BA | 1BR,1BA | $675 |
| Rocwood Apartments | 1BR Units | 1BR,1BA | $700 |
Best Value Apartments for Rent in Wood River, IL and Nearby
As of July 01, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| River Trace Townhomes | 3 Bedroom 1.5 Bath Townhome with Garage | 3BR,1.5BA | $0.88 |
| Parc at 720 | D1 | 4BR,4BA | $0.54 |
| Victorian Village | 2 Bed 1.5 Bath | 2BR,1.5BA | $1.09 |
| Surrey Court Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.12 |
| Whispering Lake Apartments | 2BR 1BA GARDEN | 2BR,1BA | $0.95 |
| Spanish Lake Townhomes | Luna | 1BR,1BA | $1.14 |
| Broadway Place | Two Bedroom Apartment | 2BR,1BA | $1.03 |
| The Residences at Bella Vista | Classic | 1BR,1BA | $1.09 |
| Trinity Park | 1 bedroom, 1 bathroom | 1BR,1BA | $1.09 |
| Rocwood Apartments | 1BR Units | 1BR,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.
Read ArticleLocal 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
Read ArticleReal 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 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!
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Frequently Asked Questions about Wood River
What type of rentals are currently available in Wood River?
There are currently 68 Apartments for Rent in Wood River, IL with pricing that ranges from $525 to $3,289. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wood River ranging from $650 to $1,750.
What is the current price range for Rental Homes in Wood River?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Wood River ranges from $650 to $1,750 with an average monthly rent of $1,134.
How much are larger Three and Four Bedroom Rentals in Wood River?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Wood River range from $859 to $3,289, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,025 to $1,750. Four Bedroom Single-Family rentals are also available starting from $1,050 and Four Bedroom Apartments start at $714.
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

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.

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.

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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.

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.