
Student Apartments for Rent in Champaign, IL Under $500 (18 Rentals)
Rentals in Champaign near campus with by-the-room pricing and amenities for students.


Loft 59

Total Monthly Price
622 W Healey St

Smith Apartments @ 201 East Armory

The Elysee

The Gardens at 304 E Clark
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Create a productive work-from-home apartment setup, even in a small space or studio. Discover layout ideas, desk solutions, and organization tips that actually work.

Smith Apartments @ 1004 South Locust

706 S Locust St

Capstone Quarters

The Atrium

908 W Stoughton St

1002 W Clark St
Renting with Roommates: Realistic Expectations for Shared Lease
Sharing a lease? Learn how to set clear expectations with your roommates on routines, bills, and cleaning to ensure a successful and peaceful shared living arrangement.

Hunsinger Apartments

105 N Busey Ave

1105 W Main

506 W Elm St

Urbana Commons

905 W Oregon St
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.
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 | $1,464 | $615 | $2,290 |
| Champaign 1 Bedroom Apartments | $1,303 | $499 | $2,200 |
| Champaign 2 Bedroom Apartments | $1,417 | $685 | $2,655 |
| Champaign 3 Bedroom Apartments | $1,520 | $785 | $2,900 |
| Champaign 4 Bedroom Apartments | $1,495 | $635 | $3,800 |
Explore Champaign
Champaign, IL Local Guide
- Champaign Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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.
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 622 W Healey St listed at $480.
How much is the average rent for a Student Champaign Apartment?
The average rent for a Student Apartment in Champaign is $1,421.
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 $809 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 721 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

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.