Cheap Apartments for Rent in Waterman, IL

2 rentals

Apartments For Rent Near Waterman, IL

We found 30 more apartments matching your filters just outside Waterman

Average Rent Trends in Waterman, IL

Rent in Waterman, IL varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in Sep 2026 compared to the previous month. Rent previously peaked in Dec 2025.
MonthAverage rent
Sep 2025$300
Oct 2025$300
Nov 2025$300
Dec 2025$1,900
Jan 2026$1,150
Feb 2026$1,150
Apr 2026$995
May 2026$995
Jun 2026$995
Jul 2026$1,950
Aug 2026$1,625
Sep 2026$1,625
View as a graph

Average Rent By Bedroom and Home Type

In September 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes.
1 bed2 beds3 beds4 bedsAll
All home types$1,075—$1,550$1,625$1,075
Townhomes——$1,550$1,625$1,625
Apartments and Condos$1,075———$1,075
See more information about local market trends in Waterman, IL

Frequently Asked Questions about Rentals in Waterman, IL

  • What is the average rent of an apartment in Waterman, IL?
    The average rent of an apartment in Waterman, IL is $1,075 per month. This is about 45% lower than the national average.
  • What are the cheapest months to find an apartment to rent in Waterman, IL?
    Last year, the cheapest month to find an apartment to rent was Sep 2025 when it was $300 per month.
  • How many cheap apartments are available in Waterman, IL?
    There are 1 apartments to rent that are cheaper than the city’s average rent of $1,075.
  • When is the average rent most expensive in Waterman, IL?
    In the last year, the average rent in Waterman, IL was highest in Dec 2025 when it was $1,900 per month.
  • What are some zip codes in Waterman, IL?
    Waterman, IL includes zip codes such as: 60556.
  • What are some cities near Waterman, IL?
    Some nearby cities include: Shabbona, Hinckley, Somonauk, Dekalb, Lee. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en Waterman, IL - 454 Rentas | Trulia