Cheap Homes for Rent in Champaign, IL from $600 (17 Rentals)

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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.

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.

property at 310 Cottage Ct

310 Cottage Ct

ChampaignIL61820

Champaign, IL Local Guide

Cheapest Neighborhoods for Apartments in Champaign, IL

Pricing Updated: 11/01/2025

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$3,900$57561
Downtown Champaign$3,900$57594
Midtown Champaign$3,900$57549

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. Parker Glen has the second lowest priced unit, which is a 3 Beds apartment currently listed from $525. Here is today’s list of the most affordable Champaign apartments for rent:

Apartment ListingModel NameBed/BathPriced From
305JOHSpacious 4 Bed/3 Bath Apartment on the corner o...4BR,3BA$499
Parker Glen3 Bedroom3BR,2BA$525
1002SECFall 2026 Leasing – 4-Bedroom, 2-Bath4BR,2BA$658
105 E John StOne Bedroom1BR,1BA$675
Clark StreetThe Lewis1BR,1BA$750

Best Value Apartments for Rent in Champaign, IL

As of November 01, 2025 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 2517 Leeper Dr Model at Southwest Apartments starting at $1,200 with a $1.00 price per square foot . 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.
200 Vine St2 Bedroom/2.5 bath2BR,2BA$1.07
Southwest Apartments2517 Leeper Dr2BR,1.5BA$1.00
602 W Columbia Ave, Unit 1602 W Columbia Ave3BR,1BA$1.13
Town Center Apartments3 Bedroom 2 Bath3BR,2BA$1.01
59JOH3 Bed, 2 Bath @ John & First St.3BR,2BA$0.42
702 W Green St, Unit 3702 W Green St3BR,1BA$1.00
Campus OaksFloorplan A - Price per person4BR,2BA$0.65
112 E. Green St by Bankier Apartments2 Bed 1 Bath - X Large2BR,1BA$1.08
Capstone QuartersTwo Bedroom Standard2BR,2BA$0.71
The Courtyard on Randolph2BR/ 1BA2BR,1BA$1.06

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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.

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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.

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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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Champaign, IL
Population: 88,029

Ranked #377

in US Census Population by City

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

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Frequently Asked Questions about Champaign

What type of rentals are currently available in Champaign?

There are currently 611 Apartments for Rent in Champaign, IL with pricing that ranges from $479 to $4,080. There are also 78 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 $2,984.

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 $895 to $4,080, 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 $1,495 and Four Bedroom Apartments start at $479.

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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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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.