Cheap Apartments for Rent in the Downtown Champaign Neighborhood of Champaign, IL from $300 (87 Rentals)

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

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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706 S Locust St
Studio to 2 Bedroom Apartments

706 S Locust St

706 S Locust StChampaign, IL 61820
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408 E Springfield
1 to 4 Bedroom Apartments

408 E Springfield

408 E Springfield AveChampaign, IL 61820
Student Housing
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304 E Clark
2 to 4 Bedroom Apartments

304 E Clark

304 E Clark StChampaign, IL 61820
Student Housing
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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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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Armory Manor
Studio Apartments

Armory Manor

307 E Armory AveChampaign, IL 61820
  • Utilities Included
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207 E Healey St
1 Bedroom Apartments

207 E Healey St

207-209 E Healey StChampaign, IL 61820
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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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Lofts On Green
1 Bedroom Apartments

Lofts On Green

409 W Green StChampaign, IL 61820
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Prairie Place
1 to 2 Bedroom Apartments

Prairie Place

310-316 S Prairie StChampaign, IL 61820
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Clark Street House
Studio to 3 Bedroom Apartments

Clark Street House

613 W Healey StChampaign, IL 61820
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Healey Gardens
Studio to 2 Bedroom Apartments

Healey Gardens

607-611 W Healey StChampaign, IL 61820
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Bankier Apartments
Studio to 2 Bedroom Apartments

Bankier Apartments

805 S 4th StChampaign, IL 61820

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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1106 S Euclid
Studio to 4 Bedroom Apartments

1106 S Euclid

1106 Euclid StChampaign, IL 61820
Student Housing
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1002SEC
4 Bedroom Apartments

1002SEC

1002 S 2nd StChampaign, IL 61820
Student Housing
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903 S Locust
3 Bedroom Apartments

903 S Locust

903-909 S Locust StChampaign, IL 61820
Student Housing
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108 S 4th St
Studio to 2 Bedroom Apartments

108 S 4th St

108 S 4th StChampaign, IL 61820
Student Housing
  • Utilities Included
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510 S Elm
2 Bedroom Apartments

510 S Elm

510 S Elm StChampaign, IL 61820
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Chalmers Manor
Studio to 2 Bedroom Apartments

Chalmers Manor

105 E Chalmers StChampaign, IL 61820
Student Housing
  • Utilities Included

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.

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103 E Chalmers
1 to 3 Bedroom Apartments

103 E Chalmers

103 E Chalmers StChampaign, IL 61820
Student Housing
  • Utilities Included
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304 E Daniel
4 Bedroom Apartments

304 E Daniel

304 E Daniel StChampaign, IL 61820
Student Housing
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606 S Prairie St
1 Bedroom Apartments

606 S Prairie St

606 S Prairie StChampaign, IL 61820
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608 E White
2 to 3 Bedroom Apartments

608 E White

608 E White StChampaign, IL 61820
Student Housing
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Green Street
1 to 2 Bedroom Apartments

Green Street

507-509 W Green StChampaign, IL 61820
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408 E Stoughton St
Studio to 2 Bedroom Apartments

408 E Stoughton St

408 E Stoughton StChampaign, IL 61820
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402 S Fifth
3 Bedroom Apartments

402 S Fifth

402 S 5th StChampaign, IL 61820
Student Housing
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510 E Stoughton
2 Bedroom Apartments

510 E Stoughton

510 E Stoughton StChampaign, IL 61820
Student Housing
  • Utilities Included

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.

Downtown Champaign, Champaign, IL Local Guide

Cheapest Available Downtown Champaign Apartments for Rent

 

The cheapest available apartment rental in the Downtown Champaign area of Champaign, IL is a 1 Bed unit found at Windcrest Apartments priced from $495. 305JOH has the second lowest priced unit, which is a 4 Beds apartment currently listed from $499. Here are the most affordable Downtown Champaign apartments for rent in Champaign, IL:

Apartment ListingModel NameBed/BathPriced From
Windcrest Apartments1 Bedroom / 1 Bathroom1BR,1BA$495
305JOHSpacious 4 Bed/3 Bath Apartment on the corner o...4BR,3BA$499
THE ALCOVE @ SECOND & JOHN3 Bedroom 1 Bath-3BR,1BA$575
1002SECFall 2026 Leasing – 4-Bedroom, 2-Bath4BR,2BA$658
105 E John StOne Bedroom1BR,1BA$675
Clark StreetThe Lewis1BR,1BA$750
58 E Healey58 E Healey - 3101BR,1BA$825
Rally - Free Parking Included1BR / 1BA1BR,1BA$895
The Courtyard on Randolph2BR/ 1BA2BR,1BA$900

Best Value Apartments for Rent in Downtown Champaign, IL

As of November 22, 2025 the best value apartment in the Downtown Champaign area is the $0.97 price per square foot 3 or 4 Bedrooms Model at 605 S Prairie St in the in the Downtown Champaign neighborhood starting from $1,750. The second greatest value Downtown Champaign apartment is the 204 Avondale Ave Model at 204 Avondale Ave, Unit B starting at $1,500 with a $0.99 price per square foot in the Downtown Champaign neighborhood. Here is today’s list of the best values for Downtown Champaign apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
605 S Prairie St3 or 4 Bedrooms3BR,2BA$0.97
204 Avondale Ave, Unit B204 Avondale Ave4BR,1.5BA$0.99
112 E. Green St by Bankier Apartments4 Bed 2 Bath4BR,2BA$0.67
59JOH3 Bed, 2 Bath @ John & First St.3BR,2BA$0.42
519 E. Green St by Bankier Apartments2 bed 2 bath - 519 E. Green St2BR,2BA$1.15
702 W Green St, Unit 3702 W Green St3BR,1BA$1.00
202 E. Green St by Bankier Apartments4BR/3BA4BR,3BA$0.95
The Courtyard on Randolph2BR/ 1BA2BR,1BA$1.06
Lancaster Apartments3x13BR,1BA$1.18
Windcrest Apartments1 Bedroom / 1 Bathroom1BR,1BA$0.92

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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Pet Friendly Lifestyle
Downtown Champaign, Champaign, IL

Ranked #1

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the Downtown Champaign Neighborhood in Champaign, IL

Walk Score®

86 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

88 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

58 / 100

Good Transit

Many nearby public transportation options

Frequently Asked Questions about Cheap Downtown Champaign Apartments

What is the price of a cheap apartment in Downtown Champaign?

The cheapest apartment in Downtown Champaign is Windcrest Apartments which is listed at $495, while the average apartment in Downtown Champaign costs $1,740.

What types of apartments are the cheapest in Downtown 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 65 regular apartments in Downtown 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 Downtown Champaign?

Cheap apartments in Downtown Champaign have an average cost of $1,130 which is $610 cheaper than the average rent for all rentals in Downtown Champaign.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.