Cheap Apartments for Rent in Champaign, IL from $300 (156 Rentals)

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

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.

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.

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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706 S Locust St
2 Bedroom Apartments

706 S Locust St

706 S Locust StChampaign, IL 61820
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305JOH
4 Bedroom Apartments

305JOH

305 E John StChampaign, IL 61820
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308 East Armory
Studio Apartments

308 East Armory

308 E Armory AveChampaign, IL 61820
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Armory Manor
Studio Apartments

Armory Manor

307 E Armory AveChampaign, IL 61820
  • Utilities Included
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207 E Healey St
1 Bedroom Apartments

207 E Healey St

207-209 E Healey StChampaign, IL 61820
  • Utilities Included
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207 S Fifth
4 Bedroom Apartments

207 S Fifth

207 S 5th StChampaign, IL 61820
Student Housing
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Lofts On Green
1 Bedroom Apartments

Lofts On Green

409 W Green StChampaign, IL 61820
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White
Studio Apartments

White

511 E Clark StChampaign, IL 61820
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1512 W Healey
Studio Apartments

1512 W Healey

1512 W Healey StChampaign, IL 61821
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Prairie Place
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

Champaign, IL Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Champaign, IL

Pricing Updated: 06/24/2025

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
Downtown Champaign$1,450$52574
Campustown IL$1,600$52538
Midtown Champaign$1,750$52548

Cheapest Available Champaign Apartments for Rent

 

The cheapest available apartment rental in Champaign, IL is a Studio unit found at Windcrest Apartments in the Downtown Champaign neighborhood priced from $615. Parker Glen has the second lowest priced unit, which is a 3 Beds apartment currently listed from $680. Here is today’s list of the most affordable Champaign apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Windcrest ApartmentsStudio / 1 BathroomStudio,1BA$615
Parker Glen3 Bedroom3BR,2BA$680
Clark StreetThe Lewis1BR,1BA$750
Southwest Apartments1902 Karen Ct1BR,1BA$795
Barrington1 Bedroom1BR,1BA$805
Park VistaOne bedroom1BR,1BA$825
804 W IllinoisIndividual leasing - 2x2 apartments across from...2BR,2BA$840
The Courtyard on Randolph2BR/ 1BA2BR,1BA$900
Bailey Student Apartments Available 2025!901 W Springfield - 2/12BR,1BA$900

Best Value Apartments for Rent in Champaign, IL

As of June 24, 2025 the best value apartment in the Champaign area is the $0.40 price per square foot Three Bedroom Standar Model at Capstone Quarters in the starting from $565. The second greatest value Champaign apartment is the 512 E John St Model at 512 E John St, Unit One and a half starting at $1,317 with a $0.94 price per square foot in the Downtown Champaign neighborhood. 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.
Capstone QuartersThree Bedroom Standar3BR,3BA$0.40
512 E John St, Unit One and a half512 E John St3BR,1BA$0.94
Campus Circle UrbanaD24BR,4BA$0.72
Legacy 202 - Luxury Student Housing4 Bed B4BR,4BA$0.80
Campus OaksFloorplan A - Price per person4BR,2BA$0.60
THE ALCOVE @ SECOND & JOHN2 Bedroom 1 Bath with Loft2BR,1BA$0.90
702 W Green St, Unit 3702 W Green St3BR,1BA$1.00
Lancaster Apartments3 x 13BR,1BA$0.80
75 Armory | Student Housing3BR/3BA - A - Loft3BR,3BA$0.96
410 E. Green St by Bankier Apartments3BD/2BA3BR,2BA$0.87

Quick Rent Budget Calculator

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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

View MapChampaign, IL Apartments MapView MapChampaign, IL Rental Homes Map

Getting Around Champaign, IL

Walk Score®

63 / 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 $900.

What is the price of a cheap apartment in Champaign?

The cheapest apartment in Champaign is 605 W University Ave which is listed at $675, while the average apartment in Champaign costs $1,600.

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 112 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 $941 which is $659 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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.