215 Cook St
WestvilleIL61883
Cheap Homes for Rent in Allerton, IL from $600 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Allerton.
116 Schoolview St
HomerIL61849
1306 E Michigan Ave
UrbanaIL61801
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
1002 Harding Dr
UrbanaIL61801
1404 S Cottage Grove Ave
UrbanaIL61801
906 E Harding Dr
UrbanaIL61801
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.
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Allerton, IL Local Guide
Hometown of Superman by James Jordan is licensed under CC BY 2.0
How much does it cost to rent a home in Allerton?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Allerton 2 Bedroom Homes for Rent | $1,183 | $825 | $1,595 |
| Allerton 3 Bedroom Homes for Rent | $1,895 | $1,097 | $3,300 |
| Allerton 4 Bedroom Homes for Rent | $2,216 | $1,950 | $2,500 |
| Allerton 5 Bedroom Homes for Rent | $3,595 | $3,595 | $3,595 |
| Allerton 7 Bedroom Homes for Rent | $6,000 | $6,000 | $6,000 |
Browse Top Homes for Rent in Allerton
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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 1 Bed unit found at Brookhaven priced from $717. Urbana Estates has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Allerton apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Brookhaven | 1 Bed/ 1 Bath | 1BR,1BA | $717 |
| Urbana Estates | 1x1Urbana Estates | 1BR,1BA | $800 |
| Kobuck Apartments | 1204 Wesley Ave 1bd/1ba | 1BR,1BA | $825 |
Best Value Apartments for Rent in Allerton, IL and Nearby
As of May 23, 2026 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 D1 Model at Campus Circle Urbana starting at $919 with a $0.65 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 |
| Campus Circle Urbana | D1 | 4BR,4BA | $0.65 |
| Sterling on First | 3x3 Titanium | 3BR,3BA | $1.40 |
| Campus Oaks | Floorplan A - Price per person | 4BR,2BA | $0.75 |
| Aspen Court | The Sugar Maple | 2BR,1.5BA | $1.39 |
| Parkside | 2 Bedroom 1 Bath 850 SF Upgrade | 2BR,1BA | $1.42 |
| University Park | Two Bedroom | 2BR,1BA | $1.17 |
| Prairie Green Apartment Homes | 2 x 1 | 2BR,1BA | $1.02 |
| 808 N Lincoln Ave. Urbana, IL | 2 Bed / 1 Bath | 2BR,1BA | $1.28 |
| Urbana Estates | 1x1Urbana Estates | 1BR,1BA | $1.22 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read Article
Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
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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 48 Apartments for Rent in Allerton, IL with pricing that ranges from $525 to $3,360. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Allerton ranging from $650 to $6,000.
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 $650 to $6,000 with an average monthly rent of $2,655.
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 $1,000 to $2,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,097 to $3,300. Four Bedroom Single-Family rentals are also available starting from $1,950 and Four Bedroom Apartments start at $785.
Expert Rental Resources
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.
Articles, How-To's, and Tips
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.