
Apartments for Rent in the Downtown Champaign Neighborhood of Champaign, IL Under $700 (53 Rentals)


Pfeffer Apartments - NOW LEASING AUGUST 2026

705 S 1st St

Windcrest Apartments

1002SEC

59JOH

506 E. White Champaign

Total Monthly Price
622 W Healey St

607 W Green St

Healey Gardens
The Art of the Rental Viewing: What to look for during a property tour
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108 S 4th St

1106 Euclid St

505 E Clark St

Stoughton Street Apartments

103 E Chalmers St

Smith Apartments @ 1106 Second

Chateau Apartments

903 S Locust

105 E John St

Chalmers Manor
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.

806 S 3rd St

Smith Apartments @ 511 W Church

510 S Elm

207 S Fifth

1005 S 1st St

511 W University Ave

306 E Clark St

205 E. Green

Smith Apartments @ 507 Church

Clark Street Studios

Bankier Apartments

Prairie Place

Clark Street House

Smith Apartments @ 58 East Armory

502 E White St

Douglass Square Apartments

Lofts On Green

312 E White St

207 E Healey St

Armory Manor

308 East Armory

Smith Apartments @ 201 East Armory

305JOH

The Gardens at 304 E Clark

Smith Apartments @ 1004 South Locust

706 S Locust St

Krannert View

Smith Apartments @ 1010 West Clark

1007 W Clark St

Smith Apartments @ 1012 W Clark
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 | $1,481 | $615 | $2,290 |
| Downtown Champaign 1 Bedroom Apartments | $1,475 | $575 | $2,419 |
| Downtown Champaign 2 Bedroom Apartments | $1,448 | $685 | $2,385 |
| Downtown Champaign 3 Bedroom Apartments | $1,391 | $600 | $2,900 |
| Downtown Champaign 4 Bedroom Apartments | $1,483 | $699 | $3,800 |
| Downtown Champaign 5 Bedroom Apartments | $2,045 | $935 | $2,800 |
Browse Apartments in this Neighborhood
There are currently 53 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.
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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
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 $2,419 with an average monthly rent of $1,475.
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 $685 to $2,385. Today's average rental price for Two Bedrooms here is $1,448.
How expensive are Downtown Champaign Three Bedroom Apartments?
There are currently 140 Three Bedroom Apartments listings available in Downtown Champaign on ApartmentHomeLiving.com. The pricing ranges from $600 to $2,900 - averaging $1,391 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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.