Cheap Apartments for Rent in New Salem, IL from $300 (21 Rentals)

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

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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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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Showing Results 1-21, Page 1 of 1

New Salem, IL Local Guide

Cheapest Available New Salem Apartments for Rent and Nearby

 

The cheapest available apartment rental in New Salem, IL is a Studio unit found at Macomb Rentals priced from $390. Jacksonville Affordable Housing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $462. Here is today’s list of the most affordable New Salem apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Macomb RentalsStudio, 1 bathStudio,1BA$390
Jacksonville Affordable Housing1 Bedroom 50%1BR,1BA$462
Smith and Royer Apartments1 Bedroom1BR,1BA$650
Morton Street Apartments1 bed one bath1BR,1BA$690
1500 N Carolina St2X22BR,2BA$700

Best Value Apartments for Rent in New Salem, IL and Nearby

As of May 12, 2025 the best value apartment in the New Salem area is the $1.08 price per square foot Three Beds Two Baths Model at Emerson Garden Apartments in the starting from $1,400. The second greatest value New Salem apartment is the 3 bedrooms Model at Villages at Lake Silvercote starting at $1,595 with a $1.28 price per square foot in the Carlton Glen Estates neighborhood. Here is today’s list of the best values for New Salem apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Emerson Garden ApartmentsThree Beds Two Baths3BR,2BA$1.08
Villages at Lake Silvercote3 bedrooms3BR,2BA$1.28
Northridge IOak3BR,1.5BA$1.16
Boone Street CommonsBSC2BR,2BA$1.18
RosemooreThe Normandy1BR,1BA$1.21
1500 N Carolina St3x23BR,2BA$1.00
New Eastlawn ApartmentsTwo Bedroom2BR,1BA$0.97
Cobblestone ApartmentsCobblestone 2BD2BR,1BA$1.06
Meadow View PlaceLarge 1 Bedroom1BR,1BA$1.24
Jacksonville Affordable Housing1 Bedroom 60%1BR,1BA$0.84

Quick Rent Budget Calculator

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore New Salem, IL Rentals by Map

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See the most popular apartments and homes in New Salem, IL

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Getting Around New Salem, IL

Walk Score®

7 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

24 / 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 New Salem Apartments

How much is rent for a Cheap One Bedroom New Salem Apartment?

The lowest price for a Cheap One Bedroom New Salem Apartment is $462 at Jacksonville Affordable Housing.

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

Today's best deal for a Cheap Two Bedroom Apartment in New Salem is starting from $450 at Macomb Rentals.

What is the most affordable New Salem Three Bedroom Apartment?

The best deal on a cheap New Salem Three Bedroom Apartment rental is at 1500 N Carolina St and starts from $775.

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 Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

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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.