1108 Paul St
OttawaIL61350
Cheap Homes for Rent in Magnolia, IL from $500 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Magnolia.
517 Morris St
OglesbyIL61348
203 S Maple St
TolucaIL61369
2-3 3 Michael St
StreatorIL61364
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.
445 Elm Pl
PrincetonIL61356
2406 Marquette Rd
PeruIL61354
1449 Catherine St
OttawaIL61350
622 Webster St
OttawaIL61350
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.
611 W Matthews St
ChillicotheIL61523
5012 N Ogden Ave
Peoria HeightsIL61616
246 Broadway St
MarseillesIL61341
1125 Paul St
OttawaIL61350
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.
Showing Results 1-12, Page 1 of 1
Magnolia, IL Local Guide
Illinois railroad tracks by H. Michael Miley is licensed under CC BY 2.0
How much does it cost to rent a home in Magnolia?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Magnolia 2 Bedroom Homes for Rent | $1,494 | $875 | $2,950 |
| Magnolia 3 Bedroom Homes for Rent | $1,628 | $850 | $2,700 |
| Magnolia 4 Bedroom Homes for Rent | $3,750 | $3,750 | $3,750 |
Browse Top Homes for Rent in Magnolia
Explore Magnolia
Magnolia, IL Local Guide
- Nearby Cities
- ZIP codes
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- School Districts
Cheapest Available Magnolia Apartments for Rent and Nearby
The cheapest available apartment rental in Magnolia, IL is a 1 Bed unit found at Colonial Village priced from $625. Knoxville Manor Apartments in the Northmoor Knolls neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Magnolia apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Colonial Village | 1 Bedroom | 1BR,1BA | $625 |
| Knoxville Manor Apartments | Garden Level | 1BR,1BA | $675 |
| Willow Knolls Apartments | Studio | Studio,1BA | $700 |
| Winkler Village Apartments | 1BD 1BTH | 1BR,1BA | $725 |
| Woods + Meadow Apartments | Studio Apartment in North Peoria | Studio,1BA | $775 |
Best Value Apartments for Rent in Magnolia, IL and Nearby
As of May 13, 2025 the best value apartment in the Magnolia area is the $1.14 price per square foot 3 Bedroom 2 Bath Model at Eagle Point Apartments in the in the Northmoor Knolls neighborhood starting from $1,550. The second greatest value Magnolia apartment is the 3 Bed 1 Bath Model at 1512 E Gardner Ln starting at $795 with a $0.66 price per square foot in the Northmoor Knolls neighborhood. Here is today’s list of the best values for Magnolia apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Eagle Point Apartments | 3 Bedroom 2 Bath | 2BR,2BA | $1.14 |
| 1512 E Gardner Ln | 3 Bed 1 Bath | 3BR,1BA | $0.66 |
| 504 S Sweetbriar Dr | Model | 2BR,1BA | $1.11 |
| Versailles Apartments | Royal - 2BR / 1BA | 2BR,1BA | $1.05 |
| Hillcrest Apartments | 2 BR / 1 BA | 2BR,1BA | $1.12 |
| Phoenix Apartments of Pontiac | One Bedroom Deluxe | 1BR,1BA | $0.94 |
| Brighton Woods | 1Bed1Bath | 1BR,1BA | $1.06 |
| Nordic Villa Apartments | Loft | 1BR,1BA | $1.18 |
| Winkler Village Apartments | 1BD 1BTH | 1BR,1BA | $1.06 |
| Colonial Village | 1 Bedroom | 1BR,1BA | $1.14 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Magnolia
What type of rentals are currently available in Magnolia?
There are currently 41 Apartments for Rent in Magnolia, IL with pricing that ranges from $650 to $2,675. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Magnolia ranging from $500 to $3,750.
What is the current price range for Rental Homes in Magnolia?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Magnolia ranges from $500 to $3,750 with an average monthly rent of $1,933.
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.
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.
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.
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.
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.