Cheap Homes for Rent in Alhambra, IL from $500 (12 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

Cheap Homes in Alhambra.

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.

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.

Alhambra, IL Local Guide

Cheapest Available Alhambra Apartments for Rent and Nearby

 

The cheapest available apartment rental in Alhambra, IL is a 1 Bed unit found at Rocwood Apartments priced from $650. Cedar Point Apartments in the Metro East neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here is today’s list of the most affordable Alhambra apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rocwood Apartments1BR Units1BR,1BA$650
Cedar Point ApartmentsEfficiencyStudio,1BA$750
ReNew at AltonFinley1BR,1BA$925
Metro Apartments at Wood RiverSave up to $500 off Move In Costs with your EXC...1BR,1BA$950
Metro Apartments At BethaltoSave up to $500 off Move In Costs with your EXC...1BR,1BA$950

Best Value Apartments for Rent in Alhambra, IL and Nearby

As of May 07, 2025 the best value apartment in the Alhambra area is the $0.72 price per square foot B1 Model at Parc at 720 in the in the Fruit Maple Carpenter neighborhood starting from $900. The second greatest value Alhambra apartment is the Two Bedroom Model at Brookside Manor starting at $1,275 with a $1.15 price per square foot in the OFallon neighborhood. Here is today’s list of the best values for Alhambra apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Parc at 720B12BR,2BA$0.72
Brookside ManorTwo Bedroom2BR,1.5BA$1.15
Falcon Place Townhomes2BR/1.5BA2BR,1.5BA$1.45
Townhomes on Luan Drive2BR2BR,1.5BA$1.35
Parkview2x12BR,1BA$1.03
Broadway Place2 Beds, 1 bath2BR,1BA$1.34
Metro Apartments at Wood RiverSave up to $500 off Move In Costs with your EXC...1BR,1BA$1.36
Metro Apartments at Granite CityYour Next Home + $100 Off Monthly Rent + 1 Mont...1BR,1BA$1.29
Metro Apartments At BethaltoSave up to $500 off Move In Costs with your EXC...1BR,1BA$1.36
Rocwood Apartments1BR Units1BR,1BA$1.05

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Alhambra

What type of rentals are currently available in Alhambra?

There are currently 38 Apartments for Rent in Alhambra, IL with pricing that ranges from $650 to $3,376. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alhambra ranging from $575 to $3,400.

What is the current price range for Rental Homes in Alhambra?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Alhambra ranges from $575 to $3,400 with an average monthly rent of $1,685.

How much are larger Three and Four Bedroom Rentals in Alhambra?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Alhambra range from $800 to $2,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $2,550. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $759.

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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

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.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

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.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

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.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.