709 W Church St
ChampaignIL61820
Cheap Homes for Rent in Downtown Champaign Neighborhood of Champaign, IL from $700 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Champaign area of Champaign.
407 W Green St
ChampaignIL61820
207 W William St
ChampaignIL61820
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.
207 E Clark St
ChampaignIL61820
713 W Church St
ChampaignIL61820
309 W Springfield Ave
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.
919 W Beardsley Ave
ChampaignIL61821
Showing Results 1-7, 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 | $1,257 | $950 | $1,800 |
| Downtown Champaign 3 Bedroom Homes for Rent | $2,245 | $1,295 | $5,000 |
| Downtown Champaign 5 Bedroom Homes for Rent | $2,932 | $2,265 | $3,600 |
| Downtown Champaign 7 Bedroom Homes for Rent | $6,000 | $6,000 | $6,000 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 7 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
- 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. 1002SEC has the second lowest priced unit, which is a 4 Beds apartment currently listed from $658. 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 |
| 1002SEC | Fall 2026 Leasing – 4-Bedroom, 2-Bath | 4BR,2BA | $658 |
| 207 S Fifth | AVAILABLE NOW! Unit 203 Bedroom B Cozy 4x2 Uppe... | 4BR,2BA | $659 |
Best Value Apartments for Rent in Downtown Champaign, IL
As of April 12, 2026 the best value apartment in the Downtown Champaign area is the $0.80 price per square foot Fall lease, four bed four bath apartment in Qua... Model at 608 E Chalmers in the in the Downtown Champaign neighborhood starting from $1,060. The second greatest value Downtown Champaign apartment is the 4 Bedroom Apartment @ First & John: Available N... Model at 59JOH starting at $485 with a $0.46 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. |
|---|---|---|---|
| 608 E Chalmers | Fall lease, four bed four bath apartment in Qua... | 4BR,4BA | $0.80 |
| 59JOH | 4 Bedroom Apartment @ First & John: Available N... | 4BR,3BA | $0.46 |
| Pfeffer Apartments - NOW LEASING AUGUST 2026 | Shared Apartment Individual Lease | 1BR,1BA | $0.58 |
| 207 S Fifth | AVAILABLE NOW! Unit 203 Bedroom B Cozy 4x2 Uppe... | 4BR,2BA | $0.69 |
| The Courtyard on Randolph | 2BR/ 1BA | 2BR,1BA | $1.09 |
| Garden Court | 2 Bed / 1.5 Bath | 2BR,1.5BA | $1.08 |
| 112 E. Green St by Bankier Apartments | 2 Bed 1 Bath - X Large - (NS) 112 E Green St. (... | 2BR,1BA | $1.29 |
| 408 E Healey | Fall lease, two bed one bath apartment in Midto... | 2BR,1BA | $1.26 |
| 107 E Springfield | Spring semester move in, two bed one bath apart... | 2BR,1BA | $1.22 |
| Windcrest Apartments | 1 Bedroom / 1 Bathroom | 1BR,1BA | $1.38 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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 ArticleThe 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 404 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 $775 to $6,000.
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 $775 to $6,000 with an average monthly rent of $2,721.
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
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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
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.