
Cheap Homes for Rent in Champaign, IL from $700 (36 Rentals)
Search the lowest-cost Homes available for rent right now in Champaign.


502 E Harding Dr

1205 W Bloomington Rd, Unit 1205West, Unit 1205West

102 N Lincoln Ave, Unit 3

101 N Busey Ave, Unit 3

514 S Elm St

101 N Busey Ave, Unit 6

904 N Broadway Ave

1217 W Bradley Ave
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.

919 W Beardsley Ave

1911 Melrose Dr

108 S 5th St

1004 W Hill St

1805 W William St, Unit A

710 E University Ave

908 Gregory Dr

116 W Vermont Ave

1611 Lyndhurst Dr, Unit Unit F
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.

514 W Bradley Ave

604 English Creek Ct

2003 S Mattis Ave

2013 Greendale Dr

1302 Mitchem Dr

1019 W Bradley Ave

1113 Laura Dr

904 N Busey Ave

1806 Southwood Dr
Cash 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.

209 W Eureka St

970 Pomona Dr

806 N Coler Ave

1827 Parkdale Dr

404 S Prairie St

516 E Eureka St

1406 Williamsburg Dr

1202 N Lincoln Ave

310 Cottage Ct
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.
Champaign, IL Local Guide

How much does it cost to rent a home in Champaign?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Champaign 2 Bedroom Homes for Rent | $1,338 | $900 | $2,000 |
| Champaign 3 Bedroom Homes for Rent | $2,003 | $1,250 | $5,000 |
| Champaign 4 Bedroom Homes for Rent | $2,352 | $1,600 | $3,600 |
| Champaign 5 Bedroom Homes for Rent | $3,028 | $2,420 | $3,600 |
| Champaign 6 Bedroom Homes for Rent | $4,750 | $3,300 | $6,200 |
| Champaign 7 Bedroom Homes for Rent | $6,000 | $6,000 | $6,000 |
Browse Top Homes for Rent in Champaign
Explore Champaign
Champaign, IL Local Guide
- Champaign Neighborhoods
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Cheapest Neighborhoods for Apartments in Champaign, IL
Pricing Updated: 05/18/2026Current apartment rentals in the Champaign, IL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Champaign Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Midtown Champaign | $1,790 | $499 | 23 |
| Campustown IL | $1,837 | $499 | 35 |
| Downtown Champaign | $1,867 | $499 | 46 |
Cheapest Available Champaign Apartments for Rent
 The cheapest available apartment rental in Champaign, IL is a 1 Bed unit found at Parker Glen priced from $445. 305JOH in the Downtown Champaign neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $499. Here is today’s list of the most affordable Champaign apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Parker Glen | 1Bdrm | 1BR,1BA | $445 |
| 305JOH | Spacious 4 Bed/3 Bath Apartment on the corner o... | 4BR,3BA | $499 |
| 506 E. White Champaign | Roommate Matching | 1BR,1BA | $510 |
| THE ALCOVE @ SECOND & JOHN | 3 Bedroom 1 Bath | 3BR,1BA | $600 |
| 1002SEC | Fall 2026 Leasing – 4-Bedroom, 2-Bath | 4BR,2BA | $658 |
| Windcrest Apartments | 1 Bedroom / 1 Bathroom | 1BR,1BA | $800 |
| Twin Oaks | 2423 W. Bradley Ave | 1BR,1BA | $800 |
| Kobuck Apartments | 1204 Wesley Ave 1bd/1ba | 1BR,1BA | $825 |
| 58 E Healey | 58 E Healey - 309 | 1BR,1BA | $825 |
| Wellington Place | 1 Bedroom on the 1st floor | 1BR,1BA | $850 |
Best Value Apartments for Rent in Champaign, IL
As of May 18, 2026 the best value apartment in the Champaign area is the $1.07 price per square foot 2 Bedroom/2.5 bath Model at 200 Vine St in the starting from $1,675. The second greatest value Champaign apartment is the D1 Model at Campus Circle Urbana starting at $919 with a $0.65 price per square foot in the Downtown Champaign neighborhood. Here is today’s list of the best values for Champaign apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 200 Vine St | 2 Bedroom/2.5 bath | 2BR,2BA | $1.07 |
| Campus Circle Urbana | D1 | 4BR,4BA | $0.65 |
| Tuscany Ridge Townhomes | 3 Bedroom Townhome (Standard Unit) | 3BR,2.5BA | $1.08 |
| 59JOH | 4 Bedroom Apartment @ First & John: Available N... | 4BR,3BA | $0.46 |
| Campus Oaks | Floorplan A - Price per person | 4BR,2BA | $0.75 |
| Pfeffer Apartments - NOW LEASING AUGUST 2026 | Shared Apartment Individual Lease | 1BR,1BA | $0.58 |
| The Linc Apartments | 2x2 | 2BR,2BA | $0.88 |
| Colonial Village | Charleston | 2BR,1BA | $1.03 |
| Capstone Quarters | Two Bedroom Select | 2BR,2BA | $0.80 |
| 622 W Healey St | Per Person Price | 1BR,1BA | $0.95 |
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 ArticleReal 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.
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.
Champaign, ILPopulation: 88,029
Ranked #377
in US Census Population by City
Best Local Schools in Champaign, IL
Westview Elementary School
Centennial High School
Jefferson Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Champaign, IL Rentals by Map
See the most popular apartments and homes in Champaign, IL
Frequently Asked Questions about Champaign
What type of rentals are currently available in Champaign?
There are currently 638 Apartments for Rent in Champaign, IL with pricing that ranges from $445 to $3,800. There are also 106 Single Family Homes for rent, Condos, and Townhome rentals currently available in Champaign ranging from $700 to $6,200.
What is the current price range for Rental Homes in Champaign?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Champaign ranges from $700 to $6,200 with an average monthly rent of $2,942.
How much are larger Three and Four Bedroom Rentals in Champaign?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Champaign range from $600 to $2,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $5,000. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $499.
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.