Cheap Apartments for Rent in Lancaster, IL from $500 (46 Rentals)

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

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Sugar Creek Crossing
1 to 2 Bedroom Apartments

Sugar Creek Crossing

211 Joanie LnRobinson, IL 62454
Senior Living
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1900 N Willow Rd
1 to 3 Bedroom Apartments

1900 N Willow Rd

1900 N Willow RdEvansville, IN 47711
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Newton Senior Housing
1 Bedroom Apartments

Newton Senior Housing

201 Eaton StNewton, IL 62448
Senior Living
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Donaldson Arms
1 to 2 Bedroom Apartments

Donaldson Arms

1407 Howard StEvansville, IN 47713
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Eastland Apartments
1 to 2 Bedroom Apartments

Eastland Apartments

5308 Eden DrEvansville, IN 47715
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Showing Results 1-46, Page 1 of 1

Lancaster, IL Local Guide

Cheapest Available Lancaster Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lancaster, IL is a 1 Bed unit found at Fairway Plaza in the STAR neighborhood priced from $615. Southern Meadows has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here is today’s list of the most affordable Lancaster apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Fairway Plaza1 Bedroom1BR,1BA$615
Southern MeadowsStudioStudio,1BA$625
SPRING VALLEY FLATSCastlewood 1 Bedroom1BR,1BA$695
Lakewood Flats and Townhomes1 Bedroom Deluxe1BR,1BA$710
Foxfire West Apartments1 Bedroom 1 Bath1BR,1BA$755
The Timbers ApartmentsThe Oak 1 BR 1 BA1BR,1BA$799
The Forge on MainStudio AStudio,1BA$800
Mission Viejo VillasA- Antiqua1BR,1BA$850
Copper Creek TownhomesA-1 Bedroom Ranch1BR,1BA$850
Woodbridge PlaceThe Dogwood1BR,1BA$900

Best Value Apartments for Rent in Lancaster, IL and Nearby

As of March 13, 2025 the best value apartment in the Lancaster area is the $1.07 price per square foot Prime Living at Its Finest: Luxurious Stand-Alo... Model at Circle Point Villas in the starting from $1,650. The second greatest value Lancaster apartment is the 3BR/2.0BA Model at Apartments@41 starting at $1,600 with a $1.15 price per square foot in the Jacobsville neighborhood. Here is today’s list of the best values for Lancaster apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Circle Point VillasPrime Living at Its Finest: Luxurious Stand-Alo...3BR,2BA$1.07
Apartments@413BR/2.0BA3BR,2BA$1.15
Vail Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.01
North ParkBerkshire2BR,1.5BA$1.05
Baldwin Heights1 Bedroom1BR,1BA$1.17
Lakewood Flats and Townhomes1 Bedroom Deluxe1BR,1BA$0.90
Copper Creek TownhomesA-1 Bedroom Ranch1BR,1BA$1.13
Mission Viejo VillasA- Antiqua1BR,1BA$1.14
Foxfire West Apartments1 Bedroom 1 Bath Fireplace1BR,1BA$1.18
Wabash Riverfront Flats2 bed 1 Bath2BR,1BA$0.95

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Frequently Asked Questions about Cheap Lancaster Apartments

What is the Cheapest Studio apartment in Lancaster?

Currently the most affordable Cheap Studio Apartment in Lancaster is at Southern Meadows listed at $625.

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

The lowest price for a Cheap One Bedroom Lancaster Apartment is $615 at Fairway Plaza.

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

Today's best deal for a Cheap Two Bedroom Apartment in Lancaster is starting from $800 at Southern Meadows.

What is the most affordable Lancaster Three Bedroom Apartment?

The best deal on a cheap Lancaster Three Bedroom Apartment rental is at Mission Viejo Villas and starts from $1,255.

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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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.

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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.

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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.

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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.