Cheap Homes for Rent in Ottawa, IL from $500 (9 Rentals)

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Cheap Homes in Ottawa.

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.

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.

Ottawa, IL Local Guide

Cheapest Neighborhoods for Apartments in Ottawa, IL

Pricing Updated: 05/03/2025

Current apartment rentals in the Ottawa, IL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Ottawa Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Ottawa$1,250$5005
South Ottawa$1,500$1,0503

Cheapest Available Ottawa Apartments for Rent and Nearby

 

The cheapest available apartment rental in Ottawa, IL is a 1 Bed unit found at 103 W Railroad St priced from $800. Tudor Park Apartments in the Downtown neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,209. Here is today’s list of the most affordable Ottawa apartments for rent:

Apartment ListingModel NameBed/BathPriced From
103 W Railroad St1 bedroom apt1BR,1BA$800
Tudor Park ApartmentsTwo Bedroom One Bathroom2BR,1BA$1,209
Willow Run of Crest Hill1 bedroom1BR,1BA$1,269

Best Value Apartments for Rent in Ottawa, IL and Nearby

As of May 03, 2025 the best value apartment in the Ottawa area is the $1.98 price per square foot 3BR Vista Model at Avanterra Wolfs Crossing in the in the Prescott Mill Crossings neighborhood starting from $3,052. The second greatest value Ottawa apartment is the Accera (TH) Model at Bristol Bay of Yorkville starting at $2,595 with a $1.74 price per square foot in the Blackberry Crossing West neighborhood. Here is today’s list of the best values for Ottawa apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Avanterra Wolfs Crossing3BR Vista3BR,2.5BA$1.98
Bristol Bay of YorkvilleAccera (TH)2BR,2.5BA$1.74
Redwood OswegoWillowood2BR,2BA$1.74
Seasons at Plainfield1E1BR,1BA$2.20
Sixteen30A21BR,1BA$2.33
Timber Pointe ApartmentsElm1BR,1BA$2.42
Tudor Park ApartmentsThree Bedroom One Bathroom3BR,1BA$1.64
ReNew AuroraAudrey1BR,1BA$1.98
Willow Run of Crest Hill1 bedroom1BR,1BA$2.12
103 W Railroad St1 bedroom apt1BR,1BA$1.78

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Frequently Asked Questions about Ottawa

What type of rentals are currently available in Ottawa?

There are currently 69 Apartments for Rent in Ottawa, IL with pricing that ranges from $444 to $4,301. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ottawa ranging from $500 to $4,500.

What is the current price range for Rental Homes in Ottawa?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Ottawa ranges from $500 to $4,500 with an average monthly rent of $1,763.

How much are larger Three and Four Bedroom Rentals in Ottawa?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Ottawa range from $478 to $4,301, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $2,600. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $3,137.

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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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.

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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.

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.