Cheap Homes for Rent in Champaign, IL from $600 (21 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in Champaign.

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.

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.

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.

Champaign, IL Local Guide

Cheapest Neighborhoods for Apartments in Champaign, IL

Pricing Updated: 09/14/2025

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Campustown IL$1,997$1,6003
Downtown Champaign$7,000$94012
Midtown Champaign$7,000$1,6503

Cheapest Available Champaign Apartments for Rent

 

The cheapest available apartment rental in Champaign, IL is a 4 Beds unit found at 305JOH in the Downtown Champaign neighborhood priced from $499. 1002SEC in the Downtown Champaign neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $658. Here is today’s list of the most affordable Champaign apartments for rent:

Apartment ListingModel NameBed/BathPriced From
305JOHUpdated 4 Bed/THREE Bath apartment on the corne...4BR,3BA$499
1002SECRemodeled Unit 4 Bed 2 Bath on Frat Park4BR,2BA$658
105 E John StOne Bedroom1BR,1BA$675
Parker Glen3 Bedroom3BR,2BA$680
Windcrest Apartments1 Bedroom / 1 Bathroom1BR,1BA$750

Best Value Apartments for Rent in Champaign, IL

As of September 14, 2025 the best value apartment in the 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 Champaign apartment is the C1 Model at 1008 S. 4th starting at $1,005 with a $0.75 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 ListingModel NameBed/BathPrice Per Sq.Ft.
705 W Healey St, Unit 705 Healey705 W Healey St3BR,1.5BA$1.03
1008 S. 4thC13BR,2BA$0.75
Southwest Apartments2517 Leeper Dr2BR,1.5BA$1.00
608 E ChalmersPRICE DROP! INDIVIDUAL LEASING! Brand New 3x3s ...3BR,3BA$0.83
59JOH3 Bed, 2 Bath @ John & First St.3BR,2BA$0.42
Campus OaksFloorplan A - Price per person4BR,2BA$0.60
702 W Green St, Unit 3702 W Green St3BR,1BA$1.00
Town Center Apartments2 Bedroom 1 Bath2BR,1BA$0.97
Capstone QuartersTwo Bedroom Standard2BR,2BA$0.71
The Courtyard on Randolph2BR/ 1BA2BR,1BA$1.06

Quick 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.

decorative image of people with a giant lease agreement

Champaign, IL
Population: 88,029

Ranked #377

in US Census Population by City

decorative image of people examining a giant globe and floating graphs

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Champaign, IL Rentals by Map

View Map
Champaign, IL Apartments Map
View Map
Champaign, IL Rental Homes Map

Frequently Asked Questions about Champaign

What type of rentals are currently available in Champaign?

There are currently 595 Apartments for Rent in Champaign, IL with pricing that ranges from $525 to $3,900. There are also 70 Single Family Homes for rent, Condos, and Townhome rentals currently available in Champaign ranging from $675 to $7,000.

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 $675 to $7,000 with an average monthly rent of $2,811.

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 $949 to $2,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,030 to $5,000. Four Bedroom Single-Family rentals are also available starting from $1,300 and Four Bedroom Apartments start at $785.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.