Cheap Apartments for Rent in Champaign, IL from $300 (167 Rentals)

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Search the lowest-cost Apartments available for rent right now in Champaign.

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.

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.

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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706 S Locust St
Studio to 2 Bedroom Apartments

706 S Locust St

706 S Locust StChampaign, IL 61820
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408 E Springfield
1 to 4 Bedroom Apartments

408 E Springfield

408 E Springfield AveChampaign, IL 61820
Student Housing
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304 E Clark
2 to 4 Bedroom Apartments

304 E Clark

304 E Clark StChampaign, IL 61820
Student Housing
  • Utilities Included
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Parker Glen
1 to 3 Bedroom Apartments

Parker Glen

2501 N Neil StChampaign, IL 61820
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Armory Manor
Studio Apartments

Armory Manor

307 E Armory AveChampaign, IL 61820
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308 East Armory
Studio to 4 Bedroom Apartments

308 East Armory

308 E Armory AveChampaign, IL 61820
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207 E Healey St
1 Bedroom Apartments

207 E Healey St

207-209 E Healey StChampaign, IL 61820
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312 E White St
Studio to 3 Bedroom Apartments

312 E White St

312 E White StChampaign, IL 61820
Student Housing
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Lofts On Green
1 Bedroom Apartments

Lofts On Green

409 W Green StChampaign, IL 61820

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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1512 W Healey
Studio Apartments

1512 W Healey

1512 W Healey StChampaign, IL 61821
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Prairie Place
1 to 2 Bedroom Apartments

Prairie Place

310-316 S Prairie StChampaign, IL 61820
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Clark Street House
Studio to 3 Bedroom Apartments

Clark Street House

613 W Healey StChampaign, IL 61820
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Healey Gardens
Studio to 2 Bedroom Apartments

Healey Gardens

607-611 W Healey StChampaign, IL 61820
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Bankier Apartments
Studio to 2 Bedroom Apartments

Bankier Apartments

805 S 4th StChampaign, IL 61820
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1106 S Euclid
Studio to 4 Bedroom Apartments

1106 S Euclid

1106 Euclid StChampaign, IL 61820
Student Housing
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Colonial Apartments
Studio to 3 Bedroom Apartments

Colonial Apartments

1101 S Mattis AveChampaign, IL 61821
  • 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.

Champaign, IL Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Champaign, IL

Pricing Updated: 10/22/2025

Current apartment rentals in the Champaign, IL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Champaign Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Campustown IL$3,900$57561
Downtown Champaign$3,900$57595
Midtown Champaign$3,900$57550

Cheapest Available Champaign Apartments for Rent

 

The cheapest available apartment rental in Champaign, IL is a 4 Beds unit found at 305JOH in the Downtown Champaign neighborhood priced from $499. Parker Glen has the second lowest priced unit, which is a 3 Beds apartment currently listed from $525. Here is today’s list of the most affordable Champaign apartments for rent:

Apartment ListingModel NameBed/BathPriced From
305JOH305 John 4 Bedroom4BR,3BA$499
Parker Glen3 Bedroom3BR,2BA$525
107 E Springfield2-bedroom close to Scott Park! Text to tour 217...2BR,1BA$649
1002SECRemodeled Unit 4 Bed 2 Bath on Frat Park4BR,2BA$658
105 E John StOne Bedroom1BR,1BA$675
Clark StreetThe Lewis1BR,1BA$750
Windcrest Apartments1 Bedroom / 1 Bathroom1BR,1BA$775
Twin Oaks2423 W. Bradley Ave1BR,1BA$800
712 W Elm St712 W Elm St - 712-...Studio,1BA$800

Best Value Apartments for Rent in Champaign, IL

As of October 22, 2025 the best value apartment in the Champaign 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 Champaign 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 Champaign apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
200 Vine St2 Bedroom/2.5 bath2BR,2BA$1.07
Southwest Apartments2517 Leeper Dr2BR,1.5BA$1.00
Town Center Apartments3 Bedroom 2 Bath3BR,2BA$1.01
59JOH3 Bed, 2 Bath @ John & First St.3BR,2BA$0.42
519 E. Green St by Bankier Apartments2 bed 2 bath - 519 E. Green St2BR,2BA$1.10
Campus OaksFloorplan A - Price per person4BR,2BA$0.65
702 W Green St, Unit 3702 W Green St3BR,1BA$1.00
112 E. Green St by Bankier Apartments2 Bed 1 Bath - X Large2BR,1BA$1.08
Capstone QuartersTwo Bedroom Standard2BR,2BA$0.71
The Courtyard on Randolph2BR/ 1BA2BR,1BA$1.06

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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 Overview

Located in Champaign County lies the town of Champaign, IL. This town shares the University of Illinois campus with its sister city Urbana. Filled with students there is always something interesting going on around the city. You will never get bored, living in one of our pretty apartments in Champaign.

Why live in Champaign, IL?

This town has a small town feel to it, because the ambiance of the place vibrates with friendliness and enthusiasm. Some think it is college students, who seem to bring so much energy to the place. You will experience so many things to do without even leaving the city. If you enjoy an upbeat atmosphere, you will be delighted in one of our Champaign apartments.

Champaign, IL
Population: 88,029

Ranked #377

in US Census Population by City

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

Explore Champaign, IL Rentals by Map

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Getting Around Champaign, IL

Walk Score®

62 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

65 / 100

Bikeable

Some bike infrastructure

Transit Score®

43 / 100

Some Transit

A few nearby public transportation options

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 $800.

What is the price of a cheap apartment in Champaign?

The cheapest apartment in Champaign is 105 E John St which is listed at $675, while the average apartment in Champaign costs $3,900.

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 157 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 $1,639 which is $2,261 cheaper than the average rent for all rentals in Champaign.

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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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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.