Cheap Apartments for Rent in Champaign, IL from $300 with Washer/Dryer (86 Rentals)

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

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 - $1,285
Total Monthly Price

Total Monthly Price

Base Rent
$1,135 - $1,285
Total Monthly Price
$1,135 - $1,285
2 to 3 Bedroom Apartments Available Now

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
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706 S Locust St
Studio to 2 Bedroom Apartments

706 S Locust St

706 S Locust StChampaign, IL 61820
Student Housing
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The Gardens at 304 E Clark
2 to 4 Bedroom Apartments

The Gardens at 304 E Clark

304 E Clark 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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308 East Armory
Studio to 4 Bedroom Apartments

308 East Armory

308 E Armory AveChampaign, IL 61820
  • Utilities Included
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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
  • Utilities Included
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Bankier Apartments
Studio to 2 Bedroom Apartments

Bankier Apartments

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

1106 Euclid St

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
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Chalmers Manor
Studio to 2 Bedroom Apartments

Chalmers Manor

105 E Chalmers StChampaign, IL 61820
Student Housing
  • Utilities Included
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903-909 S Locust St
3 Bedroom Apartments

903-909 S Locust St

903-909 S Locust StChampaign, IL 61820
Student Housing
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608 E White St
2 to 3 Bedroom Apartments

608 E White St

608 E White StChampaign, IL 61820
Student Housing
  • Utilities Included
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510 Stoughton
2 Bedroom Apartments

510 Stoughton

510 E Stoughton StChampaign, IL 61820
Student Housing
  • 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

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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202 E Chalmers St
Studio to 4 Bedroom Apartments

202 E Chalmers St

202 E Chalmers StChampaign, IL 61820
Student Housing
  • Utilities Included
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Barrington
1 Bedroom Apartments

Barrington

2541-2553 W Springfield AveChampaign, IL 61821
Corporate Housing
  • Utilities Included
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205 E Healey St
1 Bedroom Apartments

205 E Healey St

205 E Healey StChampaign, IL 61820
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1103 Euclid St
Studio to 5 Bedroom Apartments

1103 Euclid St

1103 Euclid StChampaign, IL 61820
Student Housing
  • Utilities Included
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Regency West
2 to 3 Bedroom Apartments

Regency West

3 Hanover CtChampaign, IL 61821
  • Utilities Included
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The Dodsworth
1 to 2 Bedroom Apartments

The Dodsworth

108 W Columbia AveChampaign, IL 61820
  • Utilities Included
  • Smoke Free
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Lincolnshire Townhomes
2 to 4 Bedroom Apartments

Lincolnshire Townhomes

1411 Lincolnshire DrChampaign, IL 61821
  • Utilities Included
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303 E Chalmers St
Studio to 2 Bedroom Apartments

303 E Chalmers St

303 E Chalmers StChampaign, IL 61820
Student Housing

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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Lando Place
1 to 2 Bedroom Apartments

Lando Place

707 S 6th StChampaign, IL 61820
  • Utilities Included
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601-603 E Clark St
1 Bedroom Apartments

601-603 E Clark St

601-603 E Clark StChampaign, IL 61820
Student Housing
  • Utilities Included
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507 E Clark St
Studio to 1 Bedroom Apartments

507 E Clark St

507 E Clark StChampaign, IL 61820
Student Housing
  • Utilities Included
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106 E Armory Ave
Studio to 4 Bedroom Apartments

106 E Armory Ave

106 E Armory AveChampaign, IL 61820
Student Housing
  • Utilities Included
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810 S Oak
2 to 4 Bedroom Apartments

810 S Oak

810 S Oak StChampaign, IL 61820
Student Housing
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504 E Clark St
Studio Apartments

504 E Clark St

504 E Clark StChampaign, IL 61820
Student Housing
  • Utilities Included
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Victoria Point
1 to 3 Bedroom Apartments

Victoria Point

2302 W John StChampaign, IL 61821
  • Utilities Included

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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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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Quick Rent Budget Calculator

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, 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 $830.

What is the price of a cheap apartment in Champaign?

The cheapest apartment in Champaign is Parker Glen which is listed at $445, while the average apartment in Champaign costs $1,282.

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 27 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 $1,179 which is $103 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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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.

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

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.