Cheap Apartments for Rent in Shannon, IL from $400 (19 Rentals)

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Cheap Apartments in Shannon.

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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2088 W Galena Ave
1 Bedroom Apartments

2088 W Galena Ave

2088 W Galena AveFreeport, IL 61032
  • Utilities Included

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.

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Rock Falls Apartments
Studio Apartments

Rock Falls Apartments

1608 E Rock Falls RdRock Falls, IL 61071
  • Utilities Included

Shannon, IL Local Guide

Cheapest Available Shannon Apartments for Rent and Nearby

 

The cheapest available apartment rental in Shannon, IL is a 2 Beds unit found at Rockford Housing Authority in the Central Terrace neighborhood priced from $480. Riverside Apartments and Townhomes has the second lowest priced unit, which is a Studio apartment currently listed from $525. Here is today’s list of the most affordable Shannon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rockford Housing AuthorityPark Terrace 2 Bed2BR,1BA$480
Riverside Apartments and TownhomesStudioStudio,1BA$525
Roosevelt School Apartments1 bedroom1BR,1BA$570
Northland Park ApartmentsStudioStudio,1BA$625
Greenfield96-a2BR,1BA$650

Best Value Apartments for Rent in Shannon, IL and Nearby

As of May 03, 2025 the best value apartment in the Shannon area is the $1.00 price per square foot 2 bedroom Model at Roosevelt School Apartments in the starting from $1,000. The second greatest value Shannon apartment is the 2 Bedroom 1.5 Bath Model at Riverside Glen Apartments starting at $963 with a $1.01 price per square foot in the North Rock neighborhood. Here is today’s list of the best values for Shannon apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Roosevelt School Apartments2 bedroom2BR,1.5BA$1.00
Riverside Glen Apartments2 Bedroom 1.5 Bath2BR,1.5BA$1.01
Cottage Bluff Apartments2-Bedroom2BR,1BA$1.02
Winmar Townhomes1376-b2BR,2BA$0.79
Greenfield116-a2BR,1BA$0.72
Westwinds2BD 1BA2BR,1BA$0.86
Cheshire1BD 1BA1BR,1BA$0.86
Kiwanis Manor Apartments3001 - updated2BR,1BA$1.00
Whitestone Manor Apartments1BR/1.0BA1BR,1BA$1.08
Rockford Housing AuthorityOlesen Plaza 1 Bed1BR,1BA$0.98

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

Explore Shannon, IL Rentals by Map

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Getting Around Shannon, IL

Walk Score®

23 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

31 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Shannon Apartments

What is the Cheapest Studio apartment in Shannon?

Currently the most affordable Cheap Studio Apartment in Shannon is at Riverside Apartments and Townhomes listed at $525.

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

The lowest price for a Cheap One Bedroom Shannon Apartment is $480 at Rockford Housing Authority.

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

Today's best deal for a Cheap Two Bedroom Apartment in Shannon is starting from $480 at Rockford Housing Authority.

What is the most affordable Shannon Three Bedroom Apartment?

The best deal on a cheap Shannon Three Bedroom Apartment rental is at Pine View and starts from $969.

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.

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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.