
Cheap Apartments for Rent in the Downtown Champaign Neighborhood of Champaign, IL from $300 (88 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Champaign area of Champaign.


301 W Eureka St

304 W Eureka St

1001 Francis Dr

306 W Washington St

201 W Bradley Ave, Unit #2

Clark Street Apartments by Royse + Brinkmeyer

Rally - Free Parking Included

The Courtyard on Randolph

906 S Locust 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.

Midtown Center

608 W Columbia Ave

The Quarters

57-63 W John St

706 S Locust St

304 E Clark - OFFBOARD 12/18/2025

308 East Armory

Armory Manor

207 E Healey St

312 E White St
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.

Lofts On Green

Douglass Square Apartments

Prairie Place

Clark Street House

Healey Gardens

Bankier Apartments

1106 S Euclid

Smith Apartments @ 507 Church

511 W University Ave

1002SEC
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.

903 S Locust

108 S 4th St

510 S Elm

Smith Apartments @ 511 W Church

Chalmers Manor

105 E John St

408 E Springfield

Smith Apartments @ 1106 Second

103 E Chalmers

Stoughton Street Apartments
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.

605 W University Ave

913 W Church St

304 E Daniel

606 S Prairie St

608 E White

Green Street

408 E Stoughton St

402 S Fifth

510 E Stoughton

Hessel on the Park
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.
Downtown Champaign, Champaign, IL Local Guide

How much does it cost to rent an apartment in Downtown Champaign?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Champaign Studio Apartments | $1,666 | $675 | $2,290 |
| Downtown Champaign 1 Bedroom Apartments | $1,468 | $575 | $2,280 |
| Downtown Champaign 2 Bedroom Apartments | $1,352 | $625 | $2,180 |
| Downtown Champaign 3 Bedroom Apartments | $1,433 | $575 | $3,000 |
| Downtown Champaign 4 Bedroom Apartments | $1,486 | $835 | $3,800 |
Browse Apartments in this Neighborhood
There are currently 88 rentals with your search options within a 2 mile radius of the Downtown Champaign Neighborhood of Champaign, IL.
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Downtown Champaign, Champaign, IL Local Guide
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Cheapest Available Downtown Champaign Apartments for Rent
 The cheapest available apartment rental in the Downtown Champaign area of Champaign, IL is a 4 Beds unit found at 305JOH priced from $499. Windcrest Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $650. Here are the most affordable Downtown Champaign apartments for rent in Champaign, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 305JOH | Spacious 4 Bed/3 Bath Apartment on the corner o... | 4BR,3BA | $499 |
| Windcrest Apartments | Studio / 1 Bathroom | Studio,1BA | $650 |
| 1002SEC | Fall 2026 Leasing – 4-Bedroom, 2-Bath | 4BR,2BA | $658 |
| 58 E Healey | 58 E Healey - 309 | 1BR,1BA | $825 |
| Rally - Free Parking Included | 1BR / 1BA | 1BR,1BA | $895 |
| The Courtyard on Randolph | 2BR/ 1BA | 2BR,1BA | $900 |
| 608 S State Street | 608 S State Street - B | 1BR,1BA | $950 |
| West Quad | 4BR/4BA - Terrace Deluxe | 4BR,4BA | $1,004 |
| The Quarters | 1x1 | 1BR,1BA | $1,050 |
Best Value Apartments for Rent in Downtown Champaign, IL
As of January 07, 2026 the best value apartment in the Downtown Champaign area is the $1.03 price per square foot 705 W Healey St Model at 705 W Healey St, Unit 705 Healey in the in the Downtown Champaign neighborhood starting from $1,800. The second greatest value Downtown Champaign apartment is the 3 Bed, 2 Bath @ John & First St. Model at 59JOH starting at $435 with a $0.42 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 705 W Healey St, Unit 705 Healey | 705 W Healey St | 3BR,1.5BA | $1.03 |
| 59JOH | 3 Bed, 2 Bath @ John & First St. | 3BR,2BA | $0.42 |
| Pfeffer Apartments - NOW LEASING AUGUST 2026 | Shared Apartment Individual Lease | 1BR,1BA | $0.58 |
| The Courtyard on Randolph | 2BR/ 1BA | 2BR,1BA | $1.06 |
| Lancaster Apartments | 3x1 | 3BR,1BA | $1.19 |
| Maywood Apartments | 2x1 | 2BR,1BA | $1.30 |
| 201 W Bradley Ave, Unit #2 | 201 W Bradley Ave | 1BR,1BA | $1.23 |
| Burnham 310 | B1 | 2BR,1BA | $1.41 |
| Rally - Free Parking Included | 1BR / 1BA | 1BR,1BA | $1.53 |
| Windcrest Apartments | 1 Bedroom / 1 Bathroom | 1BR,1BA | $1.38 |
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.
Read ArticleThe 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.
Read ArticleCash 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.
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.
Best Local Schools in Downtown Champaign, Champaign, IL
Central High School
Edison Middle School
School data provided by Great Schools
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 $800, while the average apartment in Downtown Champaign costs $1,767.
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 36 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 $1,206 which is $561 cheaper than the average rent for all rentals in Downtown Champaign.
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 to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!