
Cheap Studio Apartments for Rent in the Downtown Champaign Neighborhood of Champaign, IL from $615 (25 Rentals)


Windcrest Apartments

The Inman by Royse + Brinkmeyer

Alley Lofts at The Pilot

Armory Manor

308 East Armory
Genius Ideas and Studio Layout Tips That Maximize Every Square Inch
Transform your studio apartment layout and maximize storage. Get proven ideas from a 20-year property expert to make any small space stylish and functional.

312 E White St

Clark Street House

Bankier Apartments

1106 Euclid St

108 S 4th St

Chalmers Manor
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.

408 E Stoughton St

Illini Manor

609 W White St

901 S 1st St

1103 Euclid St

605 Bloomington Rd
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

303 E Chalmers St

504 E Clark St

510 E Clark St

106 E Armory Ave

204 E Clark

402 W Church 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.

Krannert View
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 | $1,545 | $615 | $2,470 |
| Downtown Champaign 1 Bedroom Apartments | $1,450 | $575 | $2,200 |
| Downtown Champaign 2 Bedroom Apartments | $1,476 | $685 | $2,385 |
| Downtown Champaign 3 Bedroom Apartments | $1,459 | $859 | $2,900 |
| Downtown Champaign 4 Bedroom Apartments | $1,496 | $699 | $3,800 |
| Downtown Champaign 5 Bedroom Apartments | $2,400 | $2,400 | $2,400 |
Explore Champaign
Downtown Champaign, Champaign, IL Local Guide
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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 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.
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 The Inman by Royse + Brinkmeyer which is listed at $1,015, while the average apartment in Downtown Champaign costs $2,400.
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 22 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 $1,345 which is $1,055 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

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.