711 W Church St
ChampaignIL61820
Cheap Homes for Rent in Downtown Champaign Neighborhood of Champaign, IL from $800 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Champaign area of Champaign.
609 W White St
ChampaignIL61820
313 Cottage Ct
ChampaignIL61820
713 W Church St
ChampaignIL61820
514 S Elm 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.
508 E Columbia Ave
ChampaignIL61820
1113 W Hill St
UrbanaIL61801
919 W Beardsley Ave
ChampaignIL61821
108 S 5th St
ChampaignIL61820
615 W White 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.
908 Gregory Dr
UrbanaIL61801
Showing Results 1-11, 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 | $1,251 | $850 | $1,800 |
| Downtown Champaign 3 Bedroom Homes for Rent | $2,290 | $1,300 | $5,000 |
| Downtown Champaign 4 Bedroom Homes for Rent | $1,947 | $1,600 | $2,800 |
| Downtown Champaign 5 Bedroom Homes for Rent | $3,050 | $2,500 | $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 11 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. THE ALCOVE @ SECOND & JOHN has the second lowest priced unit, which is a 3 Beds apartment currently listed from $600. 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 |
| THE ALCOVE @ SECOND & JOHN | 3 Bedroom 1 Bath | 3BR,1BA | $600 |
| 1002SEC | Fall 2026 Leasing – 4-Bedroom, 2-Bath | 4BR,2BA | $699 |
| Windcrest Apartments | 1 Bedroom / 1 Bathroom | 1BR,1BA | $800 |
| 58 E Healey | 58 E Healey - 309 | 1BR,1BA | $825 |
Best Value Apartments for Rent in Downtown Champaign, IL
As of May 28, 2026 the best value apartment in the Downtown Champaign area is the $0.65 price per square foot D1 Model at Campus Circle Urbana in the in the Downtown Champaign neighborhood starting from $919. The second greatest value Downtown Champaign apartment is the 3 Bedroom 1 Bathroom Model at 506 E. White Champaign starting at $1,500 with a $1.43 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 | $0.65 |
| 506 E. White Champaign | 3 Bedroom 1 Bathroom | 3BR,1BA | $1.43 |
| 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 |
| The Courtyard on Randolph | 2BR/ 1BA | 2BR,1BA | $1.09 |
| 608 S State Street | 608 S State Street - 8 | 2BR,1BA | $1.40 |
| 112 E. Green St by Bankier Apartments | 2 Bed 1 Bath - X Large - (NS) 112 E Green St. (... | 2BR,1BA | $1.21 |
| State Street Apartments | The Eddleman | 1BR,1BA | $1.51 |
| Windcrest Apartments | 1 Bedroom / 1 Bathroom | 1BR,1BA | $1.38 |
| 607 W Green St | Per Person Price | 1BR,1BA | $1.40 |
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 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Champaign ranging from $850 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 $850 to $6,000 with an average monthly rent of $2,366.
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 $600 to $2,900, 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 $1,600 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
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.