
Cheap Homes for Rent in Towanda, IL from $1,200 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Towanda.


901 E Emerson St

1211 E Jefferson 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.

1217 N Linden St

813 Kern St

605 S Clayton St
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.

1910 S Morris Ave

1405 S Oak St

1223 Dogwood
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.

809 Reinthaler Rd
Towanda, IL Local Guide

How much does it cost to rent a home in Towanda?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Towanda 2 Bedroom Homes for Rent | $1,686 | $1,200 | $2,595 |
Towanda 3 Bedroom Homes for Rent | $1,909 | $1,500 | $2,600 |
Towanda 4 Bedroom Homes for Rent | $2,335 | $1,800 | $3,050 |
Towanda 5 Bedroom Homes for Rent | $3,200 | $3,200 | $3,200 |
Browse Top Homes for Rent in Towanda
Explore Towanda
Towanda, IL Local Guide
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Cheapest Available Towanda Apartments for Rent and Nearby
 The cheapest available apartment rental in Towanda, IL is a Studio unit found at Pinecrest Apartments priced from $690. Class Act Realty in the Downtown Normal neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $780. Here is today’s list of the most affordable Towanda apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Pinecrest Apartments | Nest - Studio / 1BA | Studio,1BA | $690 |
Class Act Realty | 1 Bedroom | 1BR,1BA | $780 |
1-7 Keisha Drive | 1 Bed, 1 bath | 1BR,1BA | $800 |
Best Value Apartments for Rent in Towanda, IL and Nearby
As of May 10, 2025 the best value apartment in the Towanda area is the $1.11 price per square foot 3 bed - 1.5 bath - Remodel Model at Hershey Townhomes in the in the Downtown Normal neighborhood starting from $1,749. The second greatest value Towanda apartment is the All units Model at 3 Stortz Dr starting at $1,400 with a $1.17 price per square foot in the Downtown Bloomington neighborhood. Here is today’s list of the best values for Towanda apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Hershey Townhomes | 3 bed - 1.5 bath - Remodel | 3BR,1.5BA | $1.11 |
3 Stortz Dr | All units | 2BR,2BA | $1.17 |
East Douglas Apartments | 3BR/ 1BA | 3BR,1BA | $1.00 |
BayOak Apartments | Oakbrook | 2 Bedroom/2 Bath | 2BR,2BA | $0.96 |
Wingover Luxury Apartments and Townhomes | Two Bedroom/Two Bath | 2BR,2BA | $1.20 |
701 Franklin | Apt 2 | 4BR,2BA | $0.55 |
Ekstam Apartments | 2 Beds 2 Bath | 2BR,2BA | $1.14 |
Harvest View | 2/2 First Floor | 2BR,2BA | $1.30 |
700 N Adelaide St | Rent Per Student for 2 | 2BR,1.5BA | $0.71 |
Briarwood II | 2 bedroom | 2BR,1BA | $1.21 |
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 Towanda
What type of rentals are currently available in Towanda?
There are currently 42 Apartments for Rent in Towanda, IL with pricing that ranges from $642 to $7,021. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Towanda ranging from $1,200 to $3,200.
What is the current price range for Rental Homes in Towanda?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Towanda ranges from $1,200 to $3,200 with an average monthly rent of $2,282.
How much are larger Three and Four Bedroom Rentals in Towanda?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Towanda range from $776 to $2,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $2,600. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $649.
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.