Cheap Apartments for Rent in Champaign, IL from $300 (163 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.

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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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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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706 S Locust St
Studio to 2 Bedroom Apartments

706 S Locust St

706 S Locust 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

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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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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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
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1002SEC
4 Bedroom Apartments

1002SEC

1002 S 2nd StChampaign, IL 61820
Student Housing
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903 S Locust
3 Bedroom Apartments

903 S Locust

903-909 S Locust StChampaign, IL 61820
Student Housing

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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Champaign, IL Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Champaign, IL

Pricing Updated: 01/20/2026

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
Midtown Champaign$1,710$57519
Campustown IL$1,860$57533
Downtown Champaign$1,867$57561

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. 106 S Gregory has the second lowest priced unit, which is a 4 Beds apartment currently listed from $599. Here is today’s list of the most affordable Champaign apartments for rent:

Apartment ListingModel NameBed/BathPriced From
305JOHSpacious 4 Bed/3 Bath Apartment on the corner o...4BR,3BA$499
106 S GregorySpring lease, four bed two bath apartment in Gr...4BR,2BA$599
107 E SpringfieldSpring semester move in, two bed one bath apart...2BR,1BA$649
Windcrest ApartmentsStudio / 1 BathroomStudio,1BA$650
1002SECFall 2026 Leasing – 4-Bedroom, 2-Bath4BR,2BA$658
408 E HealeyFall lease, two bed one bath apartment in Midto...2BR,1BA$789
Twin Oaks2423 W. Bradley Ave1BR,1BA$800
712 W Elm St712 W Elm St - 712-...Studio,1BA$800
Town & Country ApartmentsFairfield1BR,1BA$820

Best Value Apartments for Rent in Champaign, IL

As of January 21, 2026 the best value apartment in the Champaign area is the $0.70 price per square foot 3 Bedroom 1893 sf Model at Wellington Place in the starting from $1,330. The second greatest value Champaign apartment is the 705 W Healey St Model at 705 W Healey St, Unit 705 Healey starting at $1,800 with a $1.03 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.
Wellington Place3 Bedroom 1893 sf3BR,1.5BA$0.70
705 W Healey St, Unit 705 Healey705 W Healey St3BR,1.5BA$1.03
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
Campus OaksFloorplan A - Price per person4BR,2BA$0.75
Pfeffer Apartments - NOW LEASING AUGUST 2026Shared Apartment Individual Lease1BR,1BA$0.58
106 S GregorySpring lease, four bed two bath apartment in Gr...4BR,2BA$0.64
106 E HealeyFall lease, two bed one bath apartment in Midto...2BR,1BA$0.98

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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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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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.

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 $820.

What is the price of a cheap apartment in Champaign?

The cheapest apartment in Champaign is Twin Oaks which is listed at $800, while the average apartment in Champaign costs $1,812.

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 75 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 $1,128 which is $684 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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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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!