Cheap Apartments for Rent in Lane, IL from $400 (20 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 Lane.

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.

Read Article
close
View Me
314 Mecherle
1 Bedroom Apartments

314 Mecherle

314 Mecherle DrBloomington, IL 61701
Showing Results 1-20, Page 1 of 1

Lane, IL Local Guide

Cheapest Available Lane Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lane, IL is a 1 Bed unit found at RESERVE AT LAKEVIEW priced from $421. Washington Senior Apartments in the Downtown Bloomington neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $515. Here is today’s list of the most affordable Lane apartments for rent:

Apartment ListingModel NameBed/BathPriced From
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$421
Washington Senior ApartmentsStudioStudio,1BA$515
Bradlee Park ApartmentsStudioStudio,1BA$595
Stones Crossing ApartmentsNice one bedroom efficiency apartment1BR,1BA$625
Decatur Flats Apartments2BR/1.0BA2BR,1BA$795

Best Value Apartments for Rent in Lane, IL and Nearby

As of April 21, 2025 the best value apartment in the Lane area is the $1.17 price per square foot All units Model at 3 Stortz Dr in the in the Downtown Bloomington neighborhood starting from $1,400. The second greatest value Lane apartment is the 2/1 Vaulted Ceilings Model at 108 Oak Creek Plaza starting at $1,149 with a $1.00 price per square foot in the Downtown Bloomington neighborhood. Here is today’s list of the best values for Lane apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3 Stortz DrAll units2BR,2BA$1.17
108 Oak Creek Plaza2/1 Vaulted Ceilings2BR,1BA$1.00
Ekstam Apartments2 Beds 2 Bath2BR,2BA$1.14
Grove at Main ApartmentsCaroline2BR,1BA$1.18
Decatur Flats Apartments2BR/1.0BA2BR,1BA$0.91
Meadowview Apartments - MahometTwo Bedroom One Bathroom2BR,1BA$0.99
2474 N Florian1st Floor2BR,1.5BA$1.13
717 Fairmont Apartments1/11BR,1BA$1.28
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$0.69
Stones Crossing ApartmentsVery nice and updated one bedroom for rent!!!!!1BR,1BA$1.16

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 Lane, IL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Lane, IL

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

Frequently Asked Questions about Cheap Lane Apartments

What is the Cheapest Studio apartment in Lane?

Currently the most affordable Cheap Studio Apartment in Lane is at Washington Senior Apartments listed at $515.

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

The lowest price for a Cheap One Bedroom Lane Apartment is $421 at RESERVE AT LAKEVIEW.

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

Today's best deal for a Cheap Two Bedroom Apartment in Lane is starting from $507 at RESERVE AT LAKEVIEW.

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 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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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.