Cheap Apartments for Rent in Mounds, IL from $300 (15 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 Mounds.

Showing Results 1-15, Page 1 of 1

Mounds, IL Local Guide

Cheapest Available Mounds Apartments for Rent and Nearby

 

The cheapest available apartment rental in Mounds, IL is a 3 Beds unit found at The District at Cape priced from $344. Come Enjoy Ashburn Court Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $395. Here is today’s list of the most affordable Mounds apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The District at CapeRedHawk3BR,1BA$344
Come Enjoy Ashburn Court Apartments0BR/1.0BAStudio,1BA$395
Saluki ApartmentsStudioStudio,1BA$420
Campus EdgeStudioStudio,1BA$450
The MetropolitanMetropolis EfficiencyStudio,1BA$450

Best Value Apartments for Rent in Mounds, IL and Nearby

As of April 10, 2025 the best value apartment in the Mounds area is the $1.08 price per square foot 3 Bedrooms Model at Grand Place Apartments in the starting from $1,185. The second greatest value Mounds apartment is the Flat Model at Alpha Property Management (Alpha Rentals) starting at $700 with a $0.71 price per square foot . Here is today’s list of the best values for Mounds apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Grand Place Apartments3 Bedrooms3BR,2BA$1.08
Alpha Property Management (Alpha Rentals)Flat2BR,1BA$0.71
710 W Mill St2 Bed2BR,1BA$1.12
The Hill ApartmentsThe Hill 2 Bed 2 Bath2BR,2BA$1.10
1000 E Grand Ave2BR/1.0BA2BR,1BA$1.05
The District at CapeChestnut UPG1BR,1BA$1.26
Lone Oak VillasPremium Townhouse2BR,1BA$1.29
The MetropolitanMetropolis 1 Bed 1 Bath1BR,1BA$1.14
Saint Germain Square1 Bedroom 1 Bath1BR,1BA$1.22
Ambassador Studio ApartmentsStudioStudio ,1BA$1.33

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 Mounds, IL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Mounds, IL

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

Getting Around Mounds, IL

Walk Score®

4 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

21 / 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 Mounds Apartments

What is the Cheapest Studio apartment in Mounds?

Currently the most affordable Cheap Studio Apartment in Mounds is at Come Enjoy Ashburn Court Apartments listed at $395.

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

The lowest price for a Cheap One Bedroom Mounds Apartment is $550 at Saint Germain Square.

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

Today's best deal for a Cheap Two Bedroom Apartment in Mounds is starting from $371 at The District at Cape.

What is the most affordable Mounds Three Bedroom Apartment?

The best deal on a cheap Mounds Three Bedroom Apartment rental is at The District at Cape and starts from $344.

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 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.

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.