Cheap Apartments for Rent in 61016
4 rentals
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Use arrow keys to navigatePET FRIENDLY$1,299 - $1,499/mo
1-2 Beds
1 BathCherryVale Apartments | 7620 Cherryvale North Blvd #dfd906c36,
Cherry Valley, IL 61016
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Apartments For Rent Near 61016
We found 30 more apartments matching your filters just outside 61016
Use arrow keys to navigatePET FRIENDLYINCOME RESTRICTED$100 - $921/moStudio-2 Beds1 BathFaust Landmark Apartments | 630 E State St #49e4ce992,
Rockford, IL 61104
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Use arrow keys to navigateROOM FOR RENT- Use arrow keys to navigate$400 - $1,075/mo1-2 Beds0-1 BathNIU Student Housing | 313-322 Augusta Ave #78d70f1e9,
Dekalb, IL 60115 
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INCOME RESTRICTED$542 - $642/mo1-3 Beds1 BathNorth Prairie Rochelle Apartments | 1015 Carrie Ave #1852,
Rochelle, IL 61068
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Average Rent Trends in 61016
Rent in 61016 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in May 2026 compared to the previous month. Rent previously peaked in Dec 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,199 |
| Jul 2025 | $970 |
| Aug 2025 | $975 |
| Sep 2025 | $1,399 |
| Oct 2025 | $1,299 |
| Nov 2025 | $1,550 |
| Dec 2025 | $1,695 |
| Jan 2026 | $1,299 |
| Feb 2026 | $1,299 |
| Mar 2026 | $1,399 |
| Apr 2026 | $1,399 |
| May 2026 | $1,700 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,349 | $1,449 | — | $2,555 | $1,700 |
| Apartments and Condos | $975 | — | — | — | $975 |
| Houses | — | $1,700 | — | $2,555 | $1,700 |
Frequently Asked Questions about Rentals in 61016
- What is the average rent of an apartment in 61016?The average rent of an apartment in 61016 is $1,399 per month. This is about 27% lower than the national average.
- What is the average rent of a house in 61016?The average rent of a house in 61016 is $1,700 per month. This is about 12% lower than the national average.
- When is the average rent cheapest in 61016?In the last year, the average rent in 61016 was lowest in Jul 2025 when it was $970 per month.
- When is the average rent most expensive in 61016?In the last year, the average rent in 61016 was highest in Dec 2025 when it was $1,695 per month.
- How many available rental listings are in 61016?There are 3 available rental listings in 61016.
- What are some cities near 61016?Some nearby cities include: Cherry Valley, New Milford, Monroe Center, Belvidere, Kirkland, Rockford. These cities may have more rental options to explore.