
Cheap Homes for Rent in Yale, IL from $500 (17 Rentals)
Search the lowest-cost Homes available for rent right now in Yale.


2015 Washington Ave

1520 Main St

57 S 19th St

626 E Curry Dr
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.

630 Ash St

10065 Main St

1268 E Dawn Dr

1850 N 6th 1/2 St

332 N French 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.

2478 E Clayton Dr

2034 N 21st St

600 E Jefferson Ave

1436 Sycamore St

567 Farrington St
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.

2403 Locust St

101 E Alabama St
Yale, IL Local Guide

How much does it cost to rent a home in Yale?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Yale 2 Bedroom Homes for Rent | $1,010 | $650 | $1,750 |
| Yale 3 Bedroom Homes for Rent | $1,202 | $782 | $1,525 |
| Yale 4 Bedroom Homes for Rent | $1,350 | $900 | $1,800 |
| Yale 5 Bedroom Homes for Rent | $1,631 | $1,395 | $1,800 |
Browse Top Homes for Rent in Yale
Explore Yale
Yale, IL Local Guide
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Cheapest Available Yale Apartments for Rent and Nearby
 The cheapest available apartment rental in Yale, IL is a 1 Bed unit found at Anthony Square Senior Apartments in the Downtown Terre Haute neighborhood priced from $525. Union Pointe in the Downtown Terre Haute neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $550. Here is today’s list of the most affordable Yale apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Anthony Square Senior Apartments | 1 BR, 1 BA | 1BR,1BA | $525 |
| Union Pointe | 1 Bedroom | 1BR,2BA | $550 |
| Arbors at Honey Creek | 2x2 | 2BR,2BA | $610 |
| Arthur Ave Apartments | 1x1 | 1BR,1BA | $610 |
| Southern Meadows Senior Living | 1 Bed Apt | 1BR,1BA | $650 |
Best Value Apartments for Rent in Yale, IL and Nearby
As of June 14, 2026 the best value apartment in the Yale 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 Yale apartment is the Avalon - 3 Model at Cobblestone Crossings Apartments starting at $1,355 with a $1.09 price per square foot . Here is today’s list of the best values for Yale 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 |
| Cobblestone Crossings Apartments | Avalon - 3 | 3BR,2BA | $1.09 |
| Arbors at Honey Creek | 2x2 | 2BR,2BA | $0.57 |
| Royal Heights | Royal Heights 2 Bed w/ Study & 1.5 Bath | 3BR,1.5BA | $0.38 |
| Winston Terrace | 2BR/1BA | 2BR,1BA | $0.94 |
| THE GROVE AT FARRINGTON | 2 Bed 1 Bath | 2BR,1BA | $0.90 |
| Sycamore Place | 2.1 C | 2BR,1BA | $0.80 |
| Arthur Ave Apartments | 1x1 | 1BR,1BA | $0.97 |
| Union Pointe | 1 Bedroom | 1BR,2BA | $0.92 |
| Southern Meadows Senior Living | 1 Bed Apt | 1BR,1BA | $1.19 |
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 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 Yale
What type of rentals are currently available in Yale?
There are currently 50 Apartments for Rent in Yale, IL with pricing that ranges from $413 to $2,203. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Yale ranging from $595 to $1,800.
What is the current price range for Rental Homes in Yale?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Yale ranges from $595 to $1,800 with an average monthly rent of $1,102.
How much are larger Three and Four Bedroom Rentals in Yale?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Yale range from $549 to $2,203, while Three Bedroom Homes, Condos, and Townhomes for rent range from $782 to $1,525. Four Bedroom Single-Family rentals are also available starting from $900 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

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.

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.

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.