Cheap 2 Bedroom Apartments for Rent in Champaign, IL from $599 (137 Rentals)

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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Colony Court
$1,135 - $1,210
Total Monthly Price

Total Monthly Price

Base Rent
$1,135 - $1,285
Total Monthly Price
$1,135 - $1,285
2 Bedroom Apartments Contact Us For Availability

Colony Court

502 S Mattis AveChampaign, IL 61821
Affordability
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property at 2702 Dale Dr

$1,207

Total Monthly Price

Total Monthly Price

Base Rent
$1,207
Total Monthly Price
$1,207

2 Bedroom, 1 Bath Condo for Rent

Available Sep 1

2702 Dale Dr, Unit A

2702 Dale Dr
ChampaignIL61821

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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property at 2127 Melrose Dr

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350
Total Monthly Price
$1,350

2 Bedroom, 1 Bath Condo for Rent

Available Aug 1

2127 Melrose Dr, Unit B

2127 Melrose Dr
ChampaignIL61820
property at 1603 Queens Way

$1,389

Total Monthly Price

Total Monthly Price

Base Rent
$1,389
Total Monthly Price
$1,389

2 Bedroom, 1 Bath Home for Rent

Available Aug 1

1603 Queens Way

ChampaignIL61821

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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706 S Locust St
2 Bedroom Apartments

706 S Locust St

706 S Locust StChampaign, IL 61820
Student Housing
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Prairie Place
2 Bedroom Apartments

Prairie Place

310-316 S Prairie StChampaign, IL 61820
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510 S Elm
2 Bedroom Apartments

510 S Elm

510 S Elm StChampaign, IL 61820
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103 E Chalmers St
2 Bedroom Apartments

103 E Chalmers St

103 E Chalmers StChampaign, IL 61820
Student Housing
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510 Stoughton
2 Bedroom Apartments

510 Stoughton

510 E Stoughton StChampaign, IL 61820
Student Housing
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Colonial Apartments
2 Bedroom Apartments

Colonial Apartments

1101 S Mattis AveChampaign, IL 61821
  • Utilities Included
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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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508 S Mattis Ave
2 Bedroom Apartments

508 S Mattis Ave

508 S Mattis AveChampaign, IL 61821
Student Housing
  • 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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106 S 4th St
2 Bedroom Apartments

106 S 4th St

106 S 4th StChampaign, IL 61820
Student Housing
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Green Street
2 Bedroom Apartments

Green Street

507-509 W Green StChampaign, IL 61820
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108 S 4th St
2 Bedroom Apartments

108 S 4th St

108 S 4th StChampaign, IL 61820
Student Housing
  • Utilities Included
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Champaign Park
2 Bedroom Apartments

Champaign Park

2106 W White StChampaign, IL 61821
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Clark Street
2 Bedroom Apartments

Clark Street

307-312 W Clark StChampaign, IL 61820
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312 E White St
2 Bedroom Apartments

312 E White St

312 E White StChampaign, IL 61820
Student Housing
  • Utilities Included
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608 E White St
2 Bedroom Apartments

608 E White St

608 E White StChampaign, IL 61820
Student Housing
  • Utilities Included

Renting with Roommates: Realistic Expectations for Shared Lease

Sharing a lease? Learn how to set clear expectations with your roommates on routines, bills, and cleaning to ensure a successful and peaceful shared living arrangement.

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Champaign, IL Local Guide

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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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.

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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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Champaign, IL
Population: 88,029

Ranked #377

in US Census Population by City

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Best Local Schools in
Champaign, IL

School data provided by Great Schools

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

Explore Champaign, IL Rentals by Map

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See the most popular apartments and homes in Champaign, IL

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Frequently Asked Questions about Cheap Champaign Apartments

What is a cheap apartment in Champaign?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Champaign is under $875.

What is the price of a cheap apartment in Champaign?

The cheapest apartment in Champaign is Colonial Village which is listed at $950, while the average apartment in Champaign costs $2,020.

What types of apartments are the cheapest in Champaign?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 51 regular apartments in Champaign that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Champaign?

Cheap apartments in Champaign have an average cost of $1,233 which is $787 cheaper than the average rent for all rentals in Champaign.

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

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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.

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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.

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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.

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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.