Cheap Homes for Rent in Alton, IL from $500 (19 Rentals)

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Search the lowest-cost Homes available for rent right now in Alton.

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.

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property at 1108 George St

1108 George St

AltonIL62002

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.

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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.

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St. Louis's Best Affordable Neighborhoods

Learn about St. Louis and the best places to live with original content written by our St. Louis, MO Local Expert Taryn Shorr-Mckee

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Alton, IL Local Guide

Cheapest Available Alton Apartments for Rent

 

The cheapest available apartment rental in Alton, IL is a 2 Beds unit found at Surrey Court Apartments priced from $900. ReNew at Alton has the second lowest priced unit, which is a 1 Bed apartment currently listed from $960. Here is today’s list of the most affordable Alton apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Surrey Court Apartments2 Beds, 1 bath2BR,1BA$900
ReNew at AltonFinley1BR,1BA$960
Township Village Apartments1 Bed, 1 bath1BR,1BA$1,173
Marian Heights1 Bedroom1BR,1BA$1,355

Best Value Apartments for Rent in Alton, IL

As of May 17, 2025 the best value apartment in the Alton area is the $1.04 price per square foot 2 Beds, 1 bath Model at Surrey Court Apartments in the starting from $900. The second greatest value Alton apartment is the 1 Bedroom Model at Marian Heights starting at $1,355 with a $1.80 price per square foot . Here is today’s list of the best values for Alton apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Surrey Court Apartments2 Beds, 1 bath2BR,1BA$1.04
Marian Heights1 Bedroom1BR,1BA$1.80
ReNew at AltonFinley1BR,1BA$1.75
Township Village Apartments1 Bed, 1 bath1BR,1BA$2.73

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.

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Alton, IL Area Reviews

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Frequently Asked Questions about Alton

What type of rentals are currently available in Alton?

There are currently 70 Apartments for Rent in Alton, IL with pricing that ranges from $550 to $2,090. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alton ranging from $575 to $2,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Alton ranges from $575 to $2,000 with an average monthly rent of $1,065.

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.

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A Local Expert’s Guide To the 10 Top Budget-Friendly Neighborhoods to Rent in St. Louis

Written by: Taryn Shorr-Mckee

I’m Taryn, your ApartmentHomeLiving.com team Local Expert for St. Louis, Missouri. Nicknamed “a city of neighborhoods,” St. Louis has nearly 80 distinct communities, each with unique characteristics setting it apart from others.

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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.

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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.

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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.