Cheap Apartments for Rent in Arcola, IL from $400 (55 Rentals)

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Rider Place
1 to 3 Bedroom Apartments

Rider Place

9 Wills PlArcola, IL 61910
  • Utilities Included

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.

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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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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.

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600 Marshall Ave
1 to 2 Bedroom Apartments

600 Marshall Ave

600 Marshall AveMattoon, IL 61938
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Hessel on the Park
2 Bedroom Apartments

Hessel on the Park

1601-1862 Valley RdChampaign, IL 61820
  • Utilities Included
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Windsor Duplexes
2 Bedroom Apartments

Windsor Duplexes

907 E Harding DrUrbana, IL 61801

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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307 & 311 W. Birch
1 Bedroom Apartments

307 & 311 W. Birch

307-311 Birch StChampaign, IL 61820
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Arcola, IL Local Guide

Cheapest Available Arcola Apartments for Rent and Nearby

 

The cheapest available apartment rental in Arcola, IL is a 1 Bed unit found at Westport Apartments priced from $484. OldeTowne Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $629. Here is today’s list of the most affordable Arcola apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Westport ApartmentsOne Bedroom1BR,1BA$484
OldeTowne Apartments1 Bed/1 Bath1BR,1BA$629
616 S 6th St0/1Studio,1BA$699
Kobuck Apartments1204 Wesley Ave 1bd/1ba1BR,1BA$825
Campus Suites1 Bed 1 Bath1BR,1BA$830
1905 12th St2BDR2BR,1BA$920
The Courtyard2 Bed 1 Bath2BR,1BA$1,050
Parkside2 Bedroom 1 Bath - 850 SF2BR,1BA$1,080
307 & 311 W. BirchCanopy1BR,1BA$1,130
The MetroThe Metro2BR,1BA$1,145

Best Value Apartments for Rent in Arcola, IL and Nearby

As of May 05, 2026 the best value apartment in the Arcola area is the $0.99 price per square foot 3 Bed 2.5 Bath Model at Panther Heights in the starting from $1,380. The second greatest value Arcola apartment is the 2517 Leeper Dr Model at Southwest Apartments starting at $1,200 with a $1.00 price per square foot . Here is today’s list of the best values for Arcola apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Panther Heights3 Bed 2.5 Bath3BR,2.5BA$0.99
Southwest Apartments2517 Leeper Dr2BR,1.5BA$1.00
Lake Land Living3 Bedroom 1 baths3BR,1BA$0.47
The Courtyards @ Prairie Fields2 bedroom2BR,2BA$1.41
The Courtyard3 Bed 1 Bath3BR,1BA$1.27
Royal HeightsRoyal Heights 2 Bed w/ Study & 1.5 Bath3BR,1.5BA$0.38
Parkside2 Bedroom 1 Bath 850 SF Upgrade2BR,1BA$1.42
The MetroThe Metro2BR,1BA$1.43
Westport ApartmentsOne Bedroom1BR,1BA$0.71
Campus Suites1 Bed 1 Bath1BR,1BA$1.38

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Arcola Apartments

How much is rent for a Cheap One Bedroom Arcola Apartment?

The lowest price for a Cheap One Bedroom Arcola Apartment is $484 at Westport Apartments.

What is the lowest price for a Cheap Two Bedroom Arcola Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Arcola is starting from $579 at Westport Apartments.

What is the most affordable Arcola Three Bedroom Apartment?

The best deal on a cheap Arcola Three Bedroom Apartment rental is at Westport Apartments and starts from $665.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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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.