
Cheap Homes for Rent in Aledo, IL from $600 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Aledo.


1218 Cedar St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

607 NE 3rd Ave

1604 30th St
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

509 SE 4th St

1720 18th Ave
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

605 W 3rd St
Aledo, IL Local Guide

How much does it cost to rent a home in Aledo?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Aledo 2 Bedroom Homes for Rent | $946 | $725 | $1,175 |
Aledo 3 Bedroom Homes for Rent | $1,231 | $850 | $1,595 |
Aledo 4 Bedroom Homes for Rent | $1,322 | $1,250 | $1,395 |
Aledo 5 Bedroom Homes for Rent | $1,950 | $1,950 | $1,950 |
Browse Top Homes for Rent in Aledo
Explore Aledo
Aledo, IL Local Guide
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Cheapest Available Aledo Apartments for Rent and Nearby
 The cheapest available apartment rental in Aledo, IL is a 1 Bed unit found at Colorado Senior Lofts 55+ in the Meadow Lane Add neighborhood priced from $492. Mayfair Manor has the second lowest priced unit, which is a 2 Beds apartment currently listed from $525. Here is today’s list of the most affordable Aledo apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Colorado Senior Lofts 55+ | 1 Bed, 1 bath | 1BR,1BA | $492 |
Mayfair Manor | 2x1 | 2BR,1BA | $525 |
RIVERWALK LOFTS | 1 Bed 1 Bath | 1BR,1BA | $620 |
Best Value Apartments for Rent in Aledo, IL and Nearby
As of May 19, 2025 the best value apartment in the Aledo area is the $1.00 price per square foot 2bd/2ba Model at Davenport Bank Apartments in the in the Vander Veer Park neighborhood starting from $1,400. The second greatest value Aledo apartment is the 2 Bedrooms, 2 Bathrooms Model at Haven at Parkway starting at $1,275 with a $1.03 price per square foot in the Rock Riverfront neighborhood. Here is today’s list of the best values for Aledo apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Davenport Bank Apartments | 2bd/2ba | 2BR,2BA | $1.00 |
Haven at Parkway | 2 Bedrooms, 2 Bathrooms | 2BR,2BA | $1.03 |
Gordon-Van Tine Commons | 1 Bedroom | 1BR,1BA | $1.04 |
PARKWAY ESTATES | 2 Bedroom 1 Bath | 2BR,1BA | $0.81 |
Colorado Senior Lofts 55+ | 2 Beds, 1 bath | 2BR,1BA | $0.91 |
1215 24th Street Place - River Oaks Apartments | 1BR/1.0BA | 1BR,1BA | $1.11 |
The Vue at 7th Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.04 |
Cotton Mill Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.00 |
Crescent Lofts | Income Restricted | 1BR,1BA | $1.10 |
RIVERWALK LOFTS | 1 Bed 1 Bath | 1BR,1BA | $0.95 |
Quick 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.
Frequently Asked Questions about Aledo
What type of rentals are currently available in Aledo?
There are currently 51 Apartments for Rent in Aledo, IL with pricing that ranges from $492 to $2,400. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Aledo ranging from $650 to $1,950.
What is the current price range for Rental Homes in Aledo?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Aledo ranges from $650 to $1,950 with an average monthly rent of $1,229.
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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.