Cheap Apartments for Rent in Alma, IL from $500 (23 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Alma.

close
View Me
Newton Senior Housing
1 Bedroom Apartments

Newton Senior Housing

201 Eaton StNewton, IL 62448
Senior Living
  • Utilities Inc.
property at 205 North St

205 North St

RaymondIL62560
Showing Results 1-23, Page 1 of 1

Alma, IL Local Guide

Cheapest Available Alma Apartments for Rent and Nearby

 

The cheapest available apartment rental in Alma, IL is a 4 Beds unit found at The Social Edwardsville in the Fruit Maple Carpenter neighborhood priced from $759. 215 anderson lane A in the Green Mount Manor neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here is today’s list of the most affordable Alma apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Social EdwardsvilleThe Cougar Unfurnished4BR,4BA$759
215 anderson lane A1 BR / 1 BA1BR,1BA$825
Bouse Apartment Homes1 Bedroom 1 Bath1BR,1BA$845
The Raymond ApartmentsTwo bedroom2BR,1BA$850
Green Door ApartmentsLimited Time Only $9001BR,1BA$900

Best Value Apartments for Rent in Alma, IL and Nearby

As of March 13, 2025 the best value apartment in the Alma area is the $0.83 price per square foot 3 Bedroom Model at McKay Manor in the starting from $1,050. The second greatest value Alma apartment is the Park Entrance B2 Model at Storyboard on Park Entrance starting at $1,430 with a $1.19 price per square foot in the OFallon neighborhood. Here is today’s list of the best values for Alma apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
McKay Manor3 Bedroom3BR,2BA$0.83
Storyboard on Park EntrancePark Entrance B22BR,2BA$1.19
Cantwell Crossing Apartments and TownhomesRenovated 2 Bedroom2BR,2BA$1.25
Storyboard on LancashireLancashire B12BR,1BA$1.04
215 anderson lane A2 BR / 1 BA2BR,1BA$1.07
Parkview2x12BR,1BA$0.97
Storyboard on RockwoodRockwood A11BR,1BA$1.12
The Raymond ApartmentsTwo bedroom2BR,1BA$1.00
The Social EdwardsvilleThe Eddie with Spirit Patio2BR,2BA$1.12
Chesterfield Village1 Bedroom 1 Bath1BR,1BA$1.19

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

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Alma, IL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Alma, IL

View MapAlma, IL Apartments MapView MapAlma, IL Rental Homes Map

Getting Around Alma, IL

Walk Score®

17 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

27 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Alma Apartments

What is the Cheapest Studio apartment in Alma?

Currently the most affordable Cheap Studio Apartment in Alma is at Whispering Heights listed at $1,199.

How much is rent for a Cheap One Bedroom Alma Apartment?

The lowest price for a Cheap One Bedroom Alma Apartment is $825 at 215 anderson lane A.

What is the lowest price for a Cheap Two Bedroom Alma Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Alma is starting from $850 at The Raymond Apartments.

What is the most affordable Alma Three Bedroom Apartment?

The best deal on a cheap Alma Three Bedroom Apartment rental is at McKay Manor and starts from $1,050.

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 Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.