
Cheap Homes for Rent in Yale, IL from $500 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Yale.


1231 S 10th St

510 S 5th St

1235 E Dawn Dr

916 Kussner St

424 S 4th St

1908 Marion Ave
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.

205 S Walters St

206 N Jefferson St

2607 S 8th St

1001 Washington Ave

1058 US-150

702 S 8th St

704 S Jones 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.
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 | $937 | $635 | $1,350 |
| Yale 3 Bedroom Homes for Rent | $1,289 | $895 | $1,995 |
| Yale 4 Bedroom Homes for Rent | $1,460 | $1,050 | $2,200 |
| Yale 5 Bedroom Homes for Rent | $1,897 | $1,750 | $2,045 |
Browse Top Homes for Rent in Yale
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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 3 Beds unit found at The Millennium Apartments priced from $505. 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 |
|---|---|---|---|
| The Millennium Apartments | 3 Bedroom | 3BR,1BA | $505 |
| Union Pointe | 1 Bedroom | 1BR,2BA | $550 |
| Melrose and Brooklyn Heights Apartments | 2 Bed 1 Bath | 2BR,1BA | $585 |
| Arthur Ave Apartments | 1x1 | 1BR,1BA | $610 |
| OldeTowne Apartments | 1 Bed/1 Bath | 1BR,1BA | $629 |
Best Value Apartments for Rent in Yale, IL and Nearby
As of October 28, 2025 the best value apartment in the Yale area is the $1.16 price per square foot Single Family Home Model at Sullivan Downtown Townhomes in the starting from $1,598. The second greatest value Yale apartment is the 3 Bedroom Model at The Millennium Apartments starting at $505 with a $0.41 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. |
|---|---|---|---|
| Sullivan Downtown Townhomes | Single Family Home | 3BR,2.5BA | $1.16 |
| The Millennium Apartments | 3 Bedroom | 3BR,1BA | $0.41 |
| Cobblestone Crossings Apartments | Avalon - 2 | 2BR,2BA | $1.13 |
| Royal Heights | Royal Heights 2 Bed w/ Study & 1.5 Bath | 3BR,1.5BA | $0.95 |
| 509 Charleston Ave | 2 Bed 1 Bath | 2BR,1BA | $0.91 |
| ANTHONY SQUARE SENIOR LIVING | 2 Bed 1 Bath | 2BR,1BA | $0.94 |
| Riverside Apartments | 2 Bedroom | 2BR,1BA | $1.07 |
| Sycamore Place Apartments | 2.1 C | 2BR,1BA | $0.80 |
| Arthur Ave Apartments | 1x1 | 1BR,1BA | $0.97 |
| Union Pointe | 1 Bedroom | 1BR,2BA | $0.92 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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 ArticleQuick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Yale, IL
Frequently Asked Questions about Yale
What type of rentals are currently available in Yale?
There are currently 44 Apartments for Rent in Yale, IL with pricing that ranges from $351 to $2,510. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Yale ranging from $500 to $2,200.
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 $500 to $2,200 with an average monthly rent of $1,254.
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 $479 to $2,062, while Three Bedroom Homes, Condos, and Townhomes for rent range from $895 to $1,995. Four Bedroom Single-Family rentals are also available starting from $1,050 and Four Bedroom Apartments start at $604.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.