Cheap New Apartments for Rent in Champaign, IL from $300 (23 Rentals)

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908 S First St
Built in 2016Studio to 2 Bedroom Apartments

908 S First St

908 S 1st StChampaign, IL 61820
Student Housing
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303 E Chalmers St
Built in 2021Studio to 2 Bedroom Apartments

303 E Chalmers St

303 E Chalmers StChampaign, IL 61820
Student Housing
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608 E Chalmers
Built in 2025Studio to 4 Bedroom Apartments

608 E Chalmers

608 E Chalmers StChampaign, IL 61820
Student Housing

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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Providence at Thornberry
Built in 20161 to 4 Bedroom Apartments

Providence at Thornberry

3800 Colleen DrChampaign, IL 61822
  • Utilities Included
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501 S Sixth
Built in 20162 to 5 Bedroom Apartments

501 S Sixth

501 S 6th StChampaign, IL 61820
Student Housing
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106 E Armory Ave
Built in 2016Studio to 4 Bedroom Apartments

106 E Armory Ave

106 E Armory AveChampaign, IL 61820
Student Housing
  • Utilities Included
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209 E University Ave
Built in 2018Studio to 4 Bedroom Apartments

209 E University Ave

209 E University AveChampaign, IL 61820
Student Housing
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302 E Clark St
Built in 20201 to 2 Bedroom Apartments

302 E Clark St

302 E Clark StChampaign, IL 61820
  • Utilities Included
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Hub Champaign
Built in 2021Studio to 4 Bedroom Apartments

Hub Champaign

812 S 6th StChampaign, IL 61820
Student Housing
  • Utilities Included
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213 W Green St
Built in 20161 to 2 Bedroom Apartments

213 W Green St

213 W Green StChampaign, IL 61820
Student Housing
  • Utilities Included

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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201 W Green St
Built in 20171 to 2 Bedroom Apartments

201 W Green St

201 W Green StChampaign, IL 61820
Student Housing
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Parkview Apartments
Built in 20261 Bedroom Apartments

Parkview Apartments

412 W Church StChampaign, IL 61820
Student Housing
  • Utilities Included
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112 E John St
Built in 2023Studio to 4 Bedroom Apartments

112 E John St

112 E John StChampaign, IL 61820
Student Housing
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404 E Clark St
Built in 20251 Bedroom Apartments

404 E Clark St

404 E Clark StChampaign, IL 61820
Student Housing
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405 E Stoughton St
Built in 2024Studio to 3 Bedroom Apartments

405 E Stoughton St

405 E Stoughton StChampaign, IL 61820
Student Housing
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122 W Hill St
Built in 20191 to 2 Bedroom Apartments

122 W Hill St

122 W Hill StChampaign, IL 61820

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.

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

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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 Parker Glen which is listed at $533, 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.