
Student Apartments for Rent in Champaign, IL Under $500 (22 Rentals)
Rentals in Champaign near campus with by-the-room pricing and amenities for students.


1002SEC

622 W Healey St

Smith Apartments @ 201 East Armory

506 E. White Champaign

The Gardens at 304 E Clark

59JOH
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Looking for the perfect new rental? Learn great ways to spot the perfect apartment for you, identify common red flags, and avoid rental issues and scams with these expert provided actionable tips.

305JOH

Smith Apartments @ 1004 South Locust

706 S Locust St

Capstone Quarters

The Atrium

908 W Stoughton St

1002 W Clark St
First Apartment Regrets: Real Renters Share What They'd Do Differently
Your first apartment comes with a learning curve nobody warns you about. Hear from real renters who've been there and get the advice they wish someone had given them on day one.

705MAI

308GRE

Hunsinger Apartments

809 W Stoughton

1105 W Main

506 W Elm

Urbana Commons
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.

905 W Oregon
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 | $1,575 | $450 | $2,470 |
| Champaign 1 Bedroom Apartments | $1,330 | $533 | $2,099 |
| Champaign 2 Bedroom Apartments | $1,449 | $450 | $2,686 |
| Champaign 3 Bedroom Apartments | $1,459 | $714 | $2,700 |
| Champaign 4 Bedroom Apartments | $1,411 | $637 | $3,300 |
Browse Top Apartments in Champaign
See all Apartments in ChampaignExplore Champaign
Champaign, IL Local Guide
- Champaign Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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!
Explore Champaign, IL Rentals by Map
See the most popular apartments and homes in Champaign, IL
Frequently Asked Questions about Student Champaign Apartments
What is the Cheapest Student apartment in Champaign?
Currently the most affordable Student Apartment in Champaign is at The Mansion listed at $490.
How much is the average rent for a Student Champaign Apartment?
The average rent for a Student Apartment in Champaign is $1,345.
What is the largest Student Champaign Apartment for rent?
Today's Student apartment with the most square footage in Champaign is a 2,160 square feet unit starting from $994 at West Quad.
What is the average size for Champaign Student Apartments for rent?
The average size for a Student rental in Champaign is currently at 767 sq ft.
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.