
Cheap Apartments for Rent in Sheldon, IL from $500 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in Sheldon.


Launch

Falcon Way Townhomes

Escher Apartments

Downtown Lafayette Living!

Highland Apartments
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Historic Downtown Apartments II

University Crossing Apartments & Townhomes

The Luna Flats

Madison Cottage of Rensselaer

Southridge Commons
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Devonshire Village

Candlelight Estates

Victory on Salisbury

Vantage Pointe Apartments

WestRidge Flats

52 Flats

640 E McCracken Ave
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

100 N Lane St

100 County Rd 1110 E

250 N Entrance Ave

555 S Schuyler Ave

106 E Vine St

804 E Main St
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.

308 Stewart St

416 E Commercial Ave

1 E Commercial Ave
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.

1735 E Duane Blvd

162 W Commercial Ave

352 N Birch St

1184 E Merchant St
Sheldon, IL Local Guide

How much does it cost to rent an apartment in Sheldon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Sheldon Studio Apartments | $1,598 | $625 | $2,449 |
| Sheldon 1 Bedroom Apartments | $1,611 | $652 | $2,875 |
| Sheldon 2 Bedroom Apartments | $1,768 | $719 | $3,454 |
| Sheldon 3 Bedroom Apartments | $1,596 | $649 | $2,861 |
| Sheldon 4 Bedroom Apartments | $1,480 | $799 | $3,400 |
Browse Top Apartments in Sheldon
See all Apartments in SheldonExplore Sheldon
Sheldon, IL Local Guide
- Nearby Cities
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- Local Counties
- School Districts
Cheapest Available Sheldon Apartments for Rent and Nearby
 The cheapest available apartment rental in Sheldon, IL is a 1 Bed unit found at Fowler Place Apartments priced from $599. Brunswick Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here is today’s list of the most affordable Sheldon apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Fowler Place Apartments | Floorplan F | 1BR,1BA | $599 |
| Brunswick Apartments | Studio | Studio,1BA | $625 |
| Launch | 3A | 3BR,3BA | $649 |
| Woods Edge | The Boilermaker | 1BR,1BA | $750 |
| Downtown Lafayette Living! | Studio | Studio,1BA | $750 |
| Fairway | Kingston | Text to Tour 765-735-3515. Independe... | 2BR,1BA | $760 |
| The Grove | 1BR | 1BR,1BA | $783 |
| Historic Downtown Apartments II | 2x1 | 2BR,1BA | $800 |
| Shai Lynn | 1bd/1bth | 1BR,1BA | $825 |
| Townway Place | 1 Beds, 1 Baths | 1BR,1BA | $850 |
Best Value Apartments for Rent in Sheldon, IL and Nearby
As of December 28, 2025 the best value apartment in the Sheldon area is the $0.72 price per square foot Nevada-PREM Model at Lodge on the Trail in the in the Discovery Park neighborhood starting from $859. The second greatest value Sheldon apartment is the 3073 2 BED/2 BATH Model at 52 Flats starting at $1,195 with a $1.17 price per square foot in the Discovery Park neighborhood. Here is today’s list of the best values for Sheldon apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lodge on the Trail | Nevada-PREM | 3BR,3BA | $0.72 |
| 52 Flats | 3073 2 BED/2 BATH | 2BR,2BA | $1.17 |
| The Press | 1BR/1.0BA | 1BR,1BA | $1.01 |
| The Oasis | 3BR/3.0BA | 3BR,3BA | $0.78 |
| Fairway | Fishers | Text to Tour 765-735-3515. Independen... | 2BR,2BA | $0.93 |
| Candlelight Estates | Leasing NOW - Brand new 2bd/2bth homes located ... | 2BR,2BA | $1.14 |
| Madison Cottage of Rensselaer | 1x1 | 1BR,1BA | $1.03 |
| Falcon Way Townhomes | Two Bedroom Townhome | 2BR,1BA | $1.10 |
| Woods Edge | The Boilermaker | 1BR,1BA | $1.07 |
| Fowler Place Apartments | Floorplan F | 1BR,1BA | $1.20 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick 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.
Pet Friendly LifestyleSheldon, IL
Ranked #12
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Sheldon, IL Rentals by Map
See the most popular apartments and homes in Sheldon, IL
Frequently Asked Questions about Cheap Sheldon Apartments
What is the Cheapest Studio apartment in Sheldon?
Currently the most affordable Cheap Studio Apartment in Sheldon is at Brunswick Apartments listed at $625.
How much is rent for a Cheap One Bedroom Sheldon Apartment?
The lowest price for a Cheap One Bedroom Sheldon Apartment is $599 at Fowler Place Apartments.
What is the lowest price for a Cheap Two Bedroom Sheldon Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Sheldon is starting from $719 at Launch.
What is the most affordable Sheldon Three Bedroom Apartment?
The best deal on a cheap Sheldon Three Bedroom Apartment rental is at Launch and starts from $649.
Expert Rental Resources
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.
Articles, How-To's, and Tips

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!












