719 Sherwood Terrace
ChampaignIL61820
Cheap Homes for Rent in Downtown Champaign Neighborhood of Champaign, IL from $1,200 (15 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Champaign area of Champaign.
208 Avondale Ave
ChampaignIL61820
706 Foley Ave
ChampaignIL61820
807 N Prospect Ave
ChampaignIL61820
204 W William St
ChampaignIL61820
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.
301 Hessel Blvd
ChampaignIL61820
401 1/2 W Vine St
ChampaignIL61820
310 Cottage Ct
ChampaignIL61820
605 1/2 N State St
ChampaignIL61820
1809 Peach St
ChampaignIL61820
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.
302 W Stanage Ave
ChampaignIL61820
310.5 Cottage Ct
ChampaignIL61820
710 Richards Ln
ChampaignIL61820
806 Breen Dr
ChampaignIL61820
1316 S State St
ChampaignIL61820
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.
Showing Results 1-15, Page 1 of 1
Downtown Champaign, Champaign, IL Local Guide
How much does it cost to rent a home in Downtown Champaign?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Champaign 2 Bedroom Homes for Rent | $1,604 | $1,200 | $2,350 |
| Downtown Champaign 3 Bedroom Homes for Rent | $1,851 | $1,300 | $5,000 |
| Downtown Champaign 4 Bedroom Homes for Rent | $1,395 | $1,395 | $1,395 |
| Downtown Champaign 5 Bedroom Homes for Rent | $3,550 | $3,500 | $3,600 |
| Downtown Champaign 7 Bedroom Homes for Rent | $7,000 | $7,000 | $7,000 |
Browse Homes for Rent in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the Downtown Champaign Neighborhood of Champaign, IL.
Explore Champaign
Downtown Champaign, Champaign, IL Local Guide
- Nearby Champaign neighborhoods
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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 |
Best Value Apartments for Rent in Downtown Champaign, IL
As of January 11, 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 602 W Columbia Ave Model at 602 W Columbia Ave, Unit 1 starting at $1,350 with a $1.13 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 |
| 602 W Columbia Ave, Unit 1 | 602 W Columbia Ave | 3BR,1BA | $1.13 |
| 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 | $1.09 |
| Windcrest Apartments | 2 Bedroom / 1 Bathroom | 2BR,1BA | $1.15 |
| 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 |
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 Article
The 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.
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Best Local Schools in Downtown Champaign, Champaign, IL
Central High School
Champaign Community Unit School District 4
Public School - Grades 9-12 (1597)
6 out of 10
Edison Middle School
Champaign Community Unit School District 4
Public School - Grades 6-8 (699)
5 out of 10
School data provided by Great Schools
Frequently Asked Questions about Downtown Champaign
What type of rentals are currently available in Downtown Champaign?
There are currently 393 Apartments for Rent in Downtown Champaign, IL with pricing that ranges from $575 to $3,800. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Champaign ranging from $1,200 to $7,000.
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 $1,200 to $7,000 with an average monthly rent of $2,804.
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 $575 to $3,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $5,000. Four Bedroom Single-Family rentals are also available starting from $1,395 and Four Bedroom Apartments start at $835.
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 Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
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!