
Apartments for Rent in Champaign, IL Under $500 (25 Rentals)


1002SEC

1012 S 1st St

622 W Healey St

Smith Apartments @ 201 East Armory

506 E. White Champaign
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.

The Gardens at 304 E Clark

59JOH

305JOH

Smith Apartments @ 1004 South Locust

706 S Locust St

Capstone Quarters
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.

The Atrium

908 W Stoughton St

1002 W Clark St

Hunsinger Apartments

705MAI

308GRE
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.

809 W Stoughton

1105 W Main

506 W Elm

Urbana Commons

1110 W Stoughton St

905 W Oregon
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.

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 | $1,575 | $450 | $2,470 |
| Champaign 1 Bedroom Apartments Under $500 | $1,330 | $533 | $2,099 |
| Champaign 2 Bedroom Apartments Under $500 | $1,449 | $450 | $2,686 |
| Champaign 3 Bedroom Apartments Under $500 | $1,459 | $714 | $2,700 |
| Champaign 4 Bedroom Apartments Under $500 | $1,411 | $637 | $3,300 |
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Champaign, IL Local Guide
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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.
Read ArticleReal 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.
Read ArticleQuick 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.
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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See the most popular apartments and homes in Champaign, IL
Frequently Asked Questions about Champaign
How much are Studio apartments in Champaign?
There are currently 106 Studio Apartments in Champaign with rent ranges from $450 to $2,470 with an average price of $1,575.
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 $2,099 with an average monthly rent of $1,330.
What does renting a Two Bedroom Apartment in Champaign cost?
The monthly rent prices of Two Bedroom Apartments currently available in Champaign range from $450 to $2,686. Today's average rental price for Two Bedrooms here is $1,449.
How expensive are Champaign Three Bedroom Apartments?
There are currently 154 Three Bedroom Apartments listings available in Champaign on ApartmentHomeLiving.com. The pricing ranges from $714 to $2,700 - averaging $1,459 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

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.

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.

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.

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.