Cheap Homes for Rent in Rio, IL from $600 (13 Rentals)

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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.

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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Rio, IL Local Guide

Cheapest Available Rio Apartments for Rent and Nearby

 

The cheapest available apartment rental in Rio, IL is a 2 Beds unit found at Mayfair Manor priced from $525. Pine Ridge in the Villa Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $695. Here is today’s list of the most affordable Rio apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mayfair Manor2x12BR,1BA$525
Pine Ridges-mulberStudio,1BA$695
443 2nd Ave D1 BR/ 1 BA1BR,1BA$700
Cotton Mill Apartments1 Bed, 1 bath1BR,1BA$700
Shire and Rivendell Apartments1BR/1BA1BR,1BA$725

Best Value Apartments for Rent in Rio, IL and Nearby

As of May 11, 2025 the best value apartment in the Rio area is the $0.81 price per square foot 2 Bedroom 1 Bath Model at PARKWAY ESTATES in the starting from $760. The second greatest value Rio apartment is the Luxury 1br with River Views & Restaurants Model at WaterFront Apartments starting at $1,299 with a $1.44 price per square foot in the Villa Park neighborhood. Here is today’s list of the best values for Rio apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
PARKWAY ESTATES2 Bedroom 1 Bath2BR,1BA$0.81
WaterFront ApartmentsLuxury 1br with River Views & Restaurants1BR,1BA$1.44
Rock River Townhomes2 Bedroom-60%2BR,1BA$1.30
Old Orchard Estates2 Bed 1 Bath2BR,1BA$1.15
LeClaireThe Gable1BR,1BA$1.28
Moline Enterprise Lofts1 Bedroom 1 Bathroom1BR,1BA$1.21
Cotton Mill Apartments1 Bed, 1 bath1BR,1BA$1.00
1215 24th Street Place - River Oaks Apartments1BR/1.0BA1BR,1BA$1.11
Shire and Rivendell Apartments2BR/1BA2BR,1BA$1.25
443 2nd Ave D1 BR/ 1 BA1BR,1BA$1.08

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.

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Frequently Asked Questions about Rio

What type of rentals are currently available in Rio?

There are currently 38 Apartments for Rent in Rio, IL with pricing that ranges from $525 to $1,950. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rio ranging from $685 to $2,500.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Rio ranges from $685 to $2,500 with an average monthly rent of $1,199.

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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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.