
Apartments for Rent in Champaign, IL Under $500 (22 Rentals)


305JOH

The Mansion

Total Monthly Price
622 W Healey St

Smith Apartments @ 201 East Armory

The Gardens at 304 E Clark

59JOH
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.

Smith Apartments @ 1004 South Locust

706 S Locust St

Capstone Quarters

The Atrium

908 W Stoughton St

1002 W Clark St

Hunsinger Apartments
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.

809 W Stoughton

105 N Busey Ave

1105 W Main

506 W Elm

Urbana Commons

1110 W Stoughton St

905 W Oregon
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.

102 N Lincoln Ave
Champaign, IL Local Guide

How much does it cost to rent an apartment in Champaign?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Champaign Studio Apartments Under $500 | $1,535 | $615 | $2,470 |
| Champaign 1 Bedroom Apartments Under $500 | $1,270 | $533 | $2,340 |
| Champaign 2 Bedroom Apartments Under $500 | $1,451 | $599 | $2,655 |
| Champaign 3 Bedroom Apartments Under $500 | $1,578 | $738 | $2,900 |
| Champaign 4 Bedroom Apartments Under $500 | $1,470 | $590 | $3,800 |
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Champaign, IL Local Guide
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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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Champaign, ILPopulation: 88,029
Ranked #377
in US Census Population by City
Best Local Schools in Champaign, IL
Westview Elementary School
Centennial High School
Jefferson Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Champaign
How much are Studio apartments in Champaign?
There are currently 101 Studio Apartments in Champaign with rent ranges from $615 to $2,470 with an average price of $1,535.
What is the current price range for One Bedroom Champaign Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Champaign ranges from $533 to $2,340 with an average monthly rent of $1,270.
What does renting a Two Bedroom Apartment in Champaign cost?
The monthly rent prices of Two Bedroom Apartments currently available in Champaign range from $599 to $2,655. Today's average rental price for Two Bedrooms here is $1,451.
How expensive are Champaign Three Bedroom Apartments?
There are currently 151 Three Bedroom Apartments listings available in Champaign on ApartmentHomeLiving.com. The pricing ranges from $738 to $2,900 - averaging $1,578 for the location.
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

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.

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.

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.

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.