Cheap Homes for Rent in Putnam, IL from $700 (15 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes available for rent right now in Putnam.

Showing Results 1-15, Page 1 of 1

Putnam, IL Local Guide

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 ListingModel NameBed/BathPriced From
Willow Knolls ApartmentsStudioStudio,1BA$610
Knoxville Manor ApartmentsGarden Level1BR,1BA$675
Winkler Village Apartments1BD 1BTH1BR,1BA$725
Hollow Hills1 bedroom1BR,1BA$725
Woods + Meadow ApartmentsStudio Apartment in North PeoriaStudio,1BA$725

Best Value Apartments for Rent in Putnam, IL and Nearby

As of March 24, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Eagle Point Apartments3 Bedroom 2 Bath2BR,2BA$1.14
Camden Hills Apartments2 Bedroom, 2 Bath2BR,2BA$1.14
Woodsage Apartments2 Bedroom Unit2BR,2BA$1.17
504 S Sweetbriar DrModel2BR,1BA$1.11
Hollow Hills1 bedroom1BR,1BA$0.84
Hillcrest Apartments2 BR / 1 BA2BR,1BA$1.09
Brighton Woods1Bed1Bath1BR,1BA$1.06
Winkler Village Apartments1BD 1BTH1BR,1BA$1.06
Old Orchard Trace ApartmentsOO1G1BR,1BA$1.14
Woods + Meadow ApartmentsStudio Apartment in North PeoriaStudio ,1BA$1.12

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

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 38 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 $1,602.

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.