210 E Walnut St
DanvilleIL61832
Cheap Homes for Rent in Allerton, IL from $600 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Allerton.
604 N Main St
GeorgetownIL61846
5 Glendale Dr
HomerIL61849
59 Juliana Dr
DanvilleIL61832
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.
504 E Church St
ChampaignIL61820
1002 Harding Dr
UrbanaIL61801
1905 Christopher Cir
UrbanaIL61802
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 | $1,123 | $625 | $1,595 |
| Allerton 3 Bedroom Homes for Rent | $2,059 | $1,350 | $3,200 |
| Allerton 4 Bedroom Homes for Rent | $2,732 | $2,015 | $3,450 |
| Allerton 5 Bedroom Homes for Rent | $3,172 | $2,750 | $3,595 |
| Allerton 7 Bedroom Homes for Rent | $1,000 | $1,000 | $1,000 |
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 July 08, 2026 the best value apartment in the Allerton area is the $0.64 price per square foot D1 Model at Campus Circle Urbana in the in the Downtown Champaign neighborhood starting from $899. The second greatest value Allerton apartment is the D3 Model at The Dean Campustown starting at $1,210 with a $0.93 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. |
|---|---|---|---|
| Campus Circle Urbana | D1 | 4BR,4BA | $0.64 |
| The Dean Campustown | D3 | 4BR,4BA | $0.93 |
| Sterling on First | 4x2 Cobalt | 4BR,2BA | $1.20 |
| Campus Oaks | Floorplan A - Price per person | 4BR,2BA | $0.75 |
| Parkside | 2 Bedroom 1 Bath 850 SF Upgrade | 2BR,1BA | $1.42 |
| University Park | Two Bedroom | 2BR,1BA | $1.17 |
| 202 Race | Beautiful 2BD Condo in Downtown Urbana! | 2BR,1BA | $1.44 |
| Element on Main | 2x1 | 2BR,1BA | $1.31 |
| 519 E. Green St by Bankier Apartments | 2 Beds, 2 baths | 2BR,2BA | $1.37 |
| 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 49 Apartments for Rent in Allerton, IL with pricing that ranges from $525 to $3,360. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Allerton ranging from $625 to $3,595.
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 $625 to $3,595 with an average monthly rent of $1,931.
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 $1,350 to $3,200. Four Bedroom Single-Family rentals are also available starting from $2,015 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
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.