
Apartments for Rent in the Downtown Champaign Neighborhood of Champaign, IL Under $2,000 (289 Rentals)


Alley Lofts at The Pilot

Pacifica on Green

Legacy202

THE ALCOVE @ SECOND & JOHN

202 E. Green St by Bankier Apartments

105 E Armory Ave

112 E. Green St by Bankier Apartments

The Quarters

410 E. Green St by Bankier Apartments
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.

Total Monthly Price
West Quad

301 W. University Ave

519 E. Green St by Bankier Apartments

BRAND NEW The Station @ 505 S Fifth

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611 S State St -Waitlist Open for August 2027

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1009 S 2nd St - Private Rooms Available

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Seven07

Latitude | Student Housing

Lancaster Apartments

314 S State St
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

512 W Clark St.

Rally - Free Parking Included

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Castle Property Services

55 E Green St

905 South Locust Street

Pfeffer Apartments - NOW LEASING AUGUST 2026

512 E Green

Midtown Center

134 - 217 S Neil

The Dean Campustown
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.

705 S 1st St

Burnham 310

509 E. Green St by Bankier Apartments

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The Courtyard on Randolph

605 Univerisity

Windcrest Apartments

309 W Washington

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506 E. White Champaign

The Mansion

Garden Court
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.

Yugo Champaign South 3rd Lofts

1002SEC

1012 S 1st St

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132 E University Ave

520 Neil

214 E Clark St

611 W University Ave

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110 E John St.

The Inman by Royse + Brinkmeyer

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211 W Eureka St, Unit 1W
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 | $1,591 | $450 | $2,470 |
| Downtown Champaign 1 Bedroom Apartments | $1,357 | $575 | $2,029 |
| Downtown Champaign 2 Bedroom Apartments | $1,479 | $450 | $2,385 |
| Downtown Champaign 3 Bedroom Apartments | $1,598 | $899 | $2,900 |
| Downtown Champaign 4 Bedroom Apartments | $1,462 | $799 | $3,800 |
Browse Apartments in this Neighborhood
There are currently 289 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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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.
Best Local Schools in Downtown Champaign, Champaign, IL
Central High School
Edison Middle School
School data provided by Great Schools
Frequently Asked Questions about Downtown Champaign
How much are Studio apartments in Downtown Champaign?
There are currently 79 Studio Apartments in Downtown Champaign with rent ranges from $450 to $2,470 with an average price of $1,591.
What is the current price range for One Bedroom Downtown Champaign Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Downtown Champaign ranges from $575 to $2,029 with an average monthly rent of $1,357.
What does renting a Two Bedroom Apartment in Downtown Champaign cost?
The monthly rent prices of Two Bedroom Apartments currently available in Downtown Champaign range from $450 to $2,385. Today's average rental price for Two Bedrooms here is $1,479.
How expensive are Downtown Champaign Three Bedroom Apartments?
There are currently 88 Three Bedroom Apartments listings available in Downtown Champaign on ApartmentHomeLiving.com. The pricing ranges from $899 to $2,900 - averaging $1,598 for the location.
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

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.

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.