Cheap Homes for Rent in Downtown Champaign Neighborhood of Champaign, IL from $800 (15 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

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

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.

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.

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 Studio unit found at Windcrest Apartments priced from $615. 605 W University Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here are the most affordable Downtown Champaign apartments for rent in Champaign, IL:

Apartment ListingModel NameBed/BathPriced From
Windcrest ApartmentsStudio / 1 BathroomStudio,1BA$615
605 W University Ave1 Bed / 1 Bath1BR,1BA$675
Clark StreetThe Lewis1BR,1BA$750
The Courtyard on Randolph2BR/ 1BA2BR,1BA$900
The Inman by Royse + BrinkmeyerThe ArdenStudio,1BA$990

Best Value Apartments for Rent in Downtown Champaign, IL

As of June 21, 2025 the best value apartment in the Downtown Champaign area is the $0.94 price per square foot 512 E John St Model at 512 E John St, Unit One and a half in the in the Downtown Champaign neighborhood starting from $1,317. The second greatest value Downtown Champaign apartment is the D2 Model at Campus Circle Urbana starting at $989 with a $0.72 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.
512 E John St, Unit One and a half512 E John St3BR,1BA$0.94
Campus Circle UrbanaD24BR,4BA$0.72
Legacy 202 - Luxury Student Housing4 Bed B4BR,4BA$0.80
THE ALCOVE @ SECOND & JOHN2 Bedroom 1 Bath with Loft2BR,1BA$0.90
702 W Green St, Unit 3702 W Green St3BR,1BA$1.00
Lancaster Apartments3 x 13BR,1BA$0.80
410 E. Green St by Bankier Apartments3BD/2BA3BR,2BA$0.87
112 E. Green St by Bankier Apartments2 Bed 1 Bath2BR,1BA$1.00
The Courtyard on Randolph2BR/ 1BA2BR,1BA$1.06
605 W University Ave1 Bed / 1 Bath1BR,1BA$1.13

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Downtown Champaign

What type of rentals are currently available in Downtown Champaign?

There are currently 384 Apartments for Rent in Downtown Champaign, IL with pricing that ranges from $525 to $3,360. There are also 25 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Champaign ranging from $815 to $8,500.

What is the current price range for Rental Homes in Downtown Champaign?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Champaign ranges from $815 to $8,500 with an average monthly rent of $2,958.

How much are larger Three and Four Bedroom Rentals in Downtown Champaign?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Champaign range from $950 to $2,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,295 to $5,500. Four Bedroom Single-Family rentals are also available starting from $1,594 and Four Bedroom Apartments start at $780.

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.