Cheap Apartments for Rent in Champaign, IL from $450 with Washer/Dryer (124 Rentals)

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

property at 904 Fairoaks Dr
$650

Total Monthly Price

Base Rent$650
Total Monthly Price$650
4 Bedroom, 2 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

904 Fairoaks Dr

ChampaignIL61821

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

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

Colony Court

502 S Mattis AveChampaign, IL 61821
Affordability
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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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2605 Roland Dr, Unit B
$1,389

Total Monthly Price

Base Rent$1,389
Total Monthly Price$1,389
2 Bedroom Apartment Available Oct 1

2605 Roland Dr, Unit B

2605 Roland DrChampaign, IL 61821

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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property at 1111 W Clark St
$1,495

Total Monthly Price

Base Rent$1,495
Total Monthly Price$1,495
3 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

1111 W Clark St

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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305JOH
2 to 4 Bedroom Apartments

305JOH

305 E John 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
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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

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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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
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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

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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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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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 $799.

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 $1,314.

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 126 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 $1,133 which is $181 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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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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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.