
Cheap Homes for Rent in Sheridan, IL from $500 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Sheridan.


1021 Magnolia St

15226 Creek Rd
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.

2321 N 45th Rd

208 Nebraska St

7250a IL-47
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.

1000 Bratton Ave

789 Colorado St

13010C River Rd
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.

561 Ashland Ave
Sheridan, IL Local Guide

How much does it cost to rent a home in Sheridan?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Sheridan 2 Bedroom Homes for Rent | $1,881 | $1,000 | $3,500 |
Sheridan 3 Bedroom Homes for Rent | $2,490 | $2,250 | $2,750 |
Sheridan 4 Bedroom Homes for Rent | $3,375 | $2,400 | $4,500 |
Browse Top Homes for Rent in Sheridan
Explore Sheridan
Sheridan, IL Local Guide
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Cheapest Available Sheridan Apartments for Rent and Nearby
 The cheapest available apartment rental in Sheridan, IL is a 1 Bed unit found at 103 W Railroad St priced from $800. Lakeview Residences in the Downtown Aurora neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,150. Here is today’s list of the most affordable Sheridan apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
103 W Railroad St | 1 bedroom apt | 1BR,1BA | $800 |
Lakeview Residences | S1 | Studio,1BA | $1,150 |
Tudor Park Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1,209 |
Best Value Apartments for Rent in Sheridan, IL and Nearby
As of May 10, 2025 the best value apartment in the Sheridan area is the $1.73 price per square foot Campania End (TH) Model at Bristol Bay of Yorkville in the in the Blackberry Crossing West neighborhood starting from $2,985. The second greatest value Sheridan apartment is the 3BR Vista Model at Avanterra Wolfs Crossing starting at $3,127 with a $2.03 price per square foot in the Prescott Mill Crossings neighborhood. Here is today’s list of the best values for Sheridan apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Bristol Bay of Yorkville | Campania End (TH) | 3BR,2.5BA | $1.73 |
Avanterra Wolfs Crossing | 3BR Vista | 3BR,2.5BA | $2.03 |
Redwood Aurora | Breezewood | 2BR,2BA | $1.78 |
Aurora At Summerfield Apartments | DaVinci | 2BR,2BA | $1.85 |
Downer Place Lofts | 2bed/1bath | 2BR,1BA | $1.67 |
Tudor Park Apartments | Three Bedroom One Bathroom | 3BR,1BA | $1.64 |
ReNew Aurora | Ashford | 1BR,1BA | $2.12 |
Arbor West Apartments | 1BR/1BA small | 1BR,1BA | $2.08 |
Ravine Woods Apartments | 1 Bedroom - North | 1BR,1BA | $1.96 |
103 W Railroad St | 1 bedroom apt | 1BR,1BA | $1.78 |
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.
Frequently Asked Questions about Sheridan
What type of rentals are currently available in Sheridan?
There are currently 43 Apartments for Rent in Sheridan, IL with pricing that ranges from $643 to $4,601. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Sheridan ranging from $500 to $4,500.
What is the current price range for Rental Homes in Sheridan?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Sheridan ranges from $500 to $4,500 with an average monthly rent of $2,043.
How much are larger Three and Four Bedroom Rentals in Sheridan?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Sheridan range from $753 to $4,601, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,250 to $2,750. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $3,177.
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.

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.

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.

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.

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.