
Cheap Homes for Rent in Allerton, IL from $700 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Allerton.


202 S Lynn St

2008 Vawter St
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

913 N Gregory St

810 E High St

308 Vermilion St

2123 Melrose Dr

409 S Anderson St

1402 Laurel Dr

1101 Clifford Dr

313 W Church St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

1613 Lyndhurst W Dr

1105 W Hill St
Allerton, IL Local Guide

How much does it cost to rent a home in Allerton?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Allerton 2 Bedroom Homes for Rent | $1,282 | $775 | $1,850 |
Allerton 3 Bedroom Homes for Rent | $1,704 | $1,125 | $2,890 |
Allerton 4 Bedroom Homes for Rent | $2,600 | $1,700 | $3,500 |
Allerton 5 Bedroom Homes for Rent | $2,950 | $2,950 | $2,950 |
Browse Top Homes for Rent in Allerton
Explore Allerton
Allerton, IL Local Guide
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Cheapest Available Allerton Apartments for Rent and Nearby
 The cheapest available apartment rental in Allerton, IL is a Studio unit found at Brookhaven priced from $525. University Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here is today’s list of the most affordable Allerton apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Brookhaven | Studio | Studio,1BA | $525 |
University Park | One Bedroom | 1BR,1BA | $825 |
Prairie Green Apartment Homes | 2 Bed 1 Bath | 2BR,1BA | $850 |
Town & Country Apartments | Camden | 1BR,1BA | $875 |
202 E Crockett | 2 Bedroom | 2BR,1BA | $945 |
Best Value Apartments for Rent in Allerton, IL and Nearby
As of September 14, 2025 the best value apartment in the Allerton area is the $1.07 price per square foot 2 Bedroom/2.5 bath Model at 200 Vine St in the starting from $1,675. The second greatest value Allerton apartment is the C1 Model at 1008 S. 4th starting at $1,005 with a $0.75 price per square foot in the Downtown Champaign neighborhood. Here is today’s list of the best values for Allerton apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
200 Vine St | 2 Bedroom/2.5 bath | 2BR,2BA | $1.07 |
1008 S. 4th | C1 | 3BR,2BA | $0.75 |
608 E Chalmers | PRICE DROP! INDIVIDUAL LEASING! Brand New 3x3s ... | 3BR,3BA | $0.83 |
Eastland Apartments | 2 Bedroom | 2BR,2BA | $1.19 |
Campus Oaks | Floorplan A - Price per person | 4BR,2BA | $0.60 |
Stone Ridge Square | 2 Bedroom 1 Bath - 935 SF | 2BR,1BA | $1.26 |
202 E Crockett | 2 Bedroom | 2BR,1BA | $1.05 |
Aspen Court | The Sugar Maple | 2BR,1.5BA | $1.10 |
Prairie Green Apartment Homes | 2 Bed 1 Bath | 2BR,1BA | $1.09 |
University Park | One Bedroom | 1BR,1BA | $1.14 |
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Allerton, IL Rentals by Map
See the most popular apartments and homes in Allerton, IL
Frequently Asked Questions about Allerton
What type of rentals are currently available in Allerton?
There are currently 45 Apartments for Rent in Allerton, IL with pricing that ranges from $525 to $3,360. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Allerton ranging from $775 to $3,500.
What is the current price range for Rental Homes in Allerton?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Allerton ranges from $775 to $3,500 with an average monthly rent of $1,970.
How much are larger Three and Four Bedroom Rentals in Allerton?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Allerton range from $875 to $2,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,125 to $2,890. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $785.
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.

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.