709 W Church St
ChampaignIL61820
Cheap Homes for Rent in the Downtown Champaign Neighborhood of Champaign, IL from $800 (14 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Champaign area of Champaign.
609 W White St
ChampaignIL61820
711 W Church St
ChampaignIL61820
611 W Church St
ChampaignIL61820
315 Cottage Ct
ChampaignIL61820
313 Cottage Ct
ChampaignIL61820
605 Bloomington Rd
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.
508 E Columbia Ave
ChampaignIL61820
504 E Church St
ChampaignIL61820
108 S 5th St
ChampaignIL61820
1113 W Hill St
UrbanaIL61801
1008 N Mckinley Ave
ChampaignIL61821
615 W White St
ChampaignIL61820
908 Gregory Dr
UrbanaIL61801
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.
Showing Results 1-14, 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 | $1,080 | $850 | $1,300 |
| Downtown Champaign 3 Bedroom Homes for Rent | $2,169 | $1,325 | $5,000 |
| Downtown Champaign 4 Bedroom Homes for Rent | $1,784 | $1,500 | $2,600 |
| Downtown Champaign 5 Bedroom Homes for Rent | $1,900 | $1,900 | $1,900 |
| Downtown Champaign 7 Bedroom Homes for Rent | $1,000 | $1,000 | $1,000 |
Browse Homes for Rent in this Neighborhood
There are currently 14 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 $590. 1002SEC has the second lowest priced unit, which is a 4 Beds apartment currently listed from $699. 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 | $590 |
| 1002SEC | Fall 2026 Leasing – 4-Bedroom, 2-Bath | 4BR,2BA | $699 |
| Windcrest Apartments | 1 Bedroom / 1 Bathroom | 1BR,1BA | $800 |
| 312 S State St | 1 Beds, 1 Baths | 1BR,1BA | $825 |
| 58 E Healey | 58 E Healey - 203 | 1BR,1BA | $825 |
Best Value Apartments for Rent in Downtown Champaign, IL
As of July 12, 2026 the best value apartment in the Downtown Champaign area is the $0.64 price per square foot D1 Model at Campus Circle Urbana in the in the Downtown Champaign neighborhood starting from $899. The second greatest value Downtown Champaign apartment is the D3 Model at The Dean Campustown starting at $1,210 with a $0.93 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. |
|---|---|---|---|
| Campus Circle Urbana | D1 | 4BR,4BA | $0.64 |
| The Dean Campustown | D3 | 4BR,4BA | $0.93 |
| 602 W Columbia Ave, Unit 1 | 602 W Columbia Ave | 3BR,1BA | $1.13 |
| 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 |
| 202 E. Green St by Bankier Apartments | 4BR/3BA | 4BR,3BA | $0.82 |
| 810 S Oak | 810 S Oak - 11 | 2BR,1BA | $1.31 |
| 519 E. Green St by Bankier Apartments | 2 Beds, 2 baths | 2BR,2BA | $1.37 |
| 112 E. Green St by Bankier Apartments | 2 Bed 1 Bath - X Large - (NS) 112 E Green St. (... | 2BR,1BA | $1.25 |
| Windcrest Apartments | 1 Bedroom / 1 Bathroom | 1BR,1BA | $1.38 |
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
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.
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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 (1596)
4 out of 10
Edison Middle School
Champaign Community Unit School District 4
Public School - Grades 6-8 (640)
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 407 Apartments for Rent in Downtown Champaign, IL with pricing that ranges from $575 to $3,800. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Champaign ranging from $825 to $5,000.
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 $825 to $5,000 with an average monthly rent of $1,405.
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 $859 to $2,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,325 to $5,000. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $699.
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
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.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.