Cheap Apartments for Rent in Olmsted, IL from $300 (16 Rentals)

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

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

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Olmsted, IL Local Guide

Cheapest Available Olmsted Apartments for Rent and Nearby

 

The cheapest available apartment rental in Olmsted, IL is a 3 Beds unit found at The District at Cape priced from $344. Saluki Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $420. Here is today’s list of the most affordable Olmsted apartments for rent:

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

Best Value Apartments for Rent in Olmsted, IL and Nearby

As of April 17, 2025 the best value apartment in the Olmsted 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 Olmsted apartment is the Regent Model at Westcreek Villas starting at $1,340 with a $1.24 price per square foot . Here is today’s list of the best values for Olmsted apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Grand Place Apartments3 Bedrooms3BR,2BA$1.08
Westcreek VillasRegent2BR,2BA$1.24
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
Saint Germain Square1 Bedroom 1 Bath1BR,1BA$1.22
University Edge ApartmentsStudioStudio ,1BA$1.40

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

Explore Olmsted, IL Rentals by Map

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See the most popular apartments and homes in Olmsted, IL

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Getting Around Olmsted, IL

Walk Score®

3 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

15 / 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 Olmsted Apartments

What is the Cheapest Studio apartment in Olmsted?

Currently the most affordable Cheap Studio Apartment in Olmsted is at Saluki Apartments listed at $420.

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

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

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

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

What is the most affordable Olmsted Three Bedroom Apartment?

The best deal on a cheap Olmsted 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.

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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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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.

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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.

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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.