
Cheap Homes for Rent in Putnam, IL from $700 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Putnam.


235 N 19th Rd

2-3 3 Michael St

611 W Matthews St

310 N Franklin St

323 S Kennedy Ave

211 W Ash St

3119 W Willow Knolls Dr

205 Sandra Ave

915 Jones Ave

325 S Clark St

2208 State St

345 6th St

4812 North Ellen Court

405 S Main St

305 W Florence St
Putnam, IL Local Guide

How much does it cost to rent a home in Putnam?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Putnam 2 Bedroom Homes for Rent | $1,248 | $900 | $1,850 |
Putnam 3 Bedroom Homes for Rent | $1,570 | $850 | $2,750 |
Putnam 4 Bedroom Homes for Rent | $2,616 | $1,750 | $3,300 |
Browse Top Homes for Rent in Putnam
Explore Putnam
Putnam, IL Local Guide
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Cheapest Available Putnam Apartments for Rent and Nearby
 The cheapest available apartment rental in Putnam, IL is a Studio unit found at Willow Knolls Apartments in the Northmoor Knolls neighborhood priced from $610. 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 Putnam apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Willow Knolls Apartments | Studio | Studio,1BA | $610 |
Knoxville Manor Apartments | Garden Level | 1BR,1BA | $675 |
Winkler Village Apartments | 1BD 1BTH | 1BR,1BA | $725 |
Hollow Hills | 1 bedroom | 1BR,1BA | $725 |
Woods + Meadow Apartments | Studio Apartment in North Peoria | Studio,1BA | $725 |
Best Value Apartments for Rent in Putnam, IL and Nearby
As of March 22, 2025 the best value apartment in the Putnam 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 Putnam apartment is the 2 Bedroom, 2 Bath Model at Camden Hills Apartments starting at $1,200 with a $1.14 price per square foot in the Northmoor Knolls neighborhood. Here is today’s list of the best values for Putnam 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 |
Camden Hills Apartments | 2 Bedroom, 2 Bath | 2BR,2BA | $1.14 |
Woodsage Apartments | 2 Bedroom Unit | 2BR,2BA | $1.17 |
504 S Sweetbriar Dr | Model | 2BR,1BA | $1.11 |
Hollow Hills | 1 bedroom | 1BR,1BA | $0.84 |
Hillcrest Apartments | 2 BR / 1 BA | 2BR,1BA | $1.09 |
Brighton Woods | 1Bed1Bath | 1BR,1BA | $1.06 |
Winkler Village Apartments | 1BD 1BTH | 1BR,1BA | $1.06 |
Old Orchard Trace Apartments | OO1G | 1BR,1BA | $1.14 |
Woods + Meadow Apartments | Studio Apartment in North Peoria | Studio ,1BA | $1.12 |
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Frequently Asked Questions about Putnam
What type of rentals are currently available in Putnam?
There are currently 35 Apartments for Rent in Putnam, IL with pricing that ranges from $610 to $2,675. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Putnam ranging from $725 to $3,300.
What is the current price range for Rental Homes in Putnam?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Putnam ranges from $725 to $3,300 with an average monthly rent of $1,595.
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.

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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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.

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.