Cheap Homes for Rent in Wood River, IL from $500 (20 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes available for rent right now in Wood River.

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.

Read Article

St. Louis's Best Affordable Neighborhoods

Learn about St. Louis and the best places to live with original content written by our St. Louis, MO Local Expert Taryn Shorr-Mckee

Read Article
Showing Results 1-20, Page 1 of 1

Wood River, IL Local Guide

Cheapest Available Wood River Apartments for Rent

 

The cheapest available apartment rental in Wood River, IL is a Studio unit found at Rivers Edge Apartments in the Near North Riverfront neighborhood priced from $620. Rocwood Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Wood River apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rivers Edge ApartmentsEfficiencyStudio,1BA$620
Rocwood Apartments1BR Units1BR,1BA$650
River Pointe Apartments1 Bed / 1 Bath1BR,1BA$700
The Residences at Bella VistaClassic1BR,1BA$700
Lilac Court Apartments2 Bedroom Garden2BR,1BA$725

Best Value Apartments for Rent in Wood River, IL

As of April 27, 2025 the best value apartment in the Wood River area is the $1.01 price per square foot 3 Bedroom 1.5 Bath Townhome with Garage Model at River Trace Townhomes in the in the North Riverfront neighborhood starting from $1,450. The second greatest value Wood River apartment is the B1 Model at Parc at 720 starting at $900 with a $0.72 price per square foot in the Fruit Maple Carpenter neighborhood. Here is today’s list of the best values for Wood River apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
River Trace Townhomes3 Bedroom 1.5 Bath Townhome with Garage3BR,1.5BA$1.01
Parc at 720B12BR,2BA$0.72
Sugar PinesBristlecone2BR,2BA$1.10
Parkview2x12BR,1BA$1.03
Surrey Court Apartments2 Beds, 1 bath2BR,1BA$1.04
The Social EdwardsvilleThe Eddie with Spirit Patio2BR,2BA$1.12
The Residences at Bella VistaRenovated1BR,1BA$1.09
Lilac Court Apartments2 Bedroom Garden2BR,1BA$1.03
River Pointe Apartments1 Bed / 1 Bath1BR,1BA$1.08
Rocwood Apartments1BR Units1BR,1BA$1.05

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Wood River

What type of rentals are currently available in Wood River?

There are currently 62 Apartments for Rent in Wood River, IL with pricing that ranges from $613 to $3,100. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wood River ranging from $550 to $1,998.

What is the current price range for Rental Homes in Wood River?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Wood River ranges from $550 to $1,998 with an average monthly rent of $1,259.

How much are larger Three and Four Bedroom Rentals in Wood River?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Wood River range from $985 to $2,613, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $1,998. Four Bedroom Single-Family rentals are also available starting from $1,550 and Four Bedroom Apartments start at $759.

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.

decorative image for A Local Expert’s Guide To the 10 Top Budget-Friendly Neighborhoods to Rent in St. Louis article

A Local Expert’s Guide To the 10 Top Budget-Friendly Neighborhoods to Rent in St. Louis

Written by: Taryn Shorr-Mckee

I’m Taryn, your ApartmentHomeLiving.com team Local Expert for St. Louis, Missouri. Nicknamed “a city of neighborhoods,” St. Louis has nearly 80 distinct communities, each with unique characteristics setting it apart from others.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

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.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

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.