
Cheap Homes for Rent in Champaign, IL from $700 (24 Rentals)
Search the lowest-cost Homes available for rent right now in Champaign.


802 W Hill St

711 W Church St

1605 N Willow Rd

709 W Church St

313 Cottage Ct

511 N Garfield Ave

904 N Broadway Ave
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

504 E Church St

108 S 5th St

1113 W Hill St

805 N Busey Ave

1805 W William St, Unit A

908 N Gregory St

1008 N Mckinley Ave

913 N Gregory St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

2013 Greendale Dr

1019 W Bradley Ave

1601 Lyndhurst Dr

1703 W Union St

1306 Ellis Dr

1118 Kara Dr

1609 Lyndhurst W Dr

709 E Main St
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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 | $1,381 | $850 | $2,000 |
| Champaign 3 Bedroom Homes for Rent | $2,069 | $1,250 | $5,000 |
| Champaign 4 Bedroom Homes for Rent | $2,191 | $1,590 | $3,450 |
| Champaign 5 Bedroom Homes for Rent | $2,922 | $2,250 | $3,595 |
| Champaign 6 Bedroom Homes for Rent | $5,600 | $5,600 | $5,600 |
| Champaign 7 Bedroom Homes for Rent | $1,000 | $1,000 | $1,000 |
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: 08/15/2026Current apartment rentals in the Champaign, IL area range in price from $550 to $3,800 with an overall median price of $1,320. 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 | $1,209 | $575 | 15 |
| Campustown IL | $1,295 | $575 | 17 |
| Downtown Champaign | $1,380 | $550 | 35 |
Cheapest Available Champaign Apartments for Rent
 The cheapest available apartment rental in Champaign, IL is a 1 Bed unit found at Parker Glen II priced from $389. Parker Glen has the second lowest priced unit, which is a 1 Bed apartment currently listed from $533. Here is today’s list of the most affordable Champaign apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Parker Glen II | 1 Bedroom | 1BR,1BA | $389 |
| Parker Glen | 1Bdrm | 1BR,1BA | $533 |
| 1012 S 1st St | Individual Lease | 2BR,1BA | $550 |
| 1002SEC | Flexible Bedroom Leases | Studio,2BA | $680 |
| Twin Oaks | 2423 W. Bradley Ave | 1BR,1BA | $800 |
Best Value Apartments for Rent in Champaign, IL
As of August 15, 2026 the best value apartment in the Champaign area is the $0.61 price per square foot 5 Bed Spaces Left! Fall lease, four bed two bat... Model at 606 E Stoughton in the in the Downtown Champaign neighborhood starting from $749. The second greatest value Champaign apartment is the 4x2 Model at Onyx Apartments starting at $655 with a $0.55 price per square foot . 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. |
|---|---|---|---|
| 606 E Stoughton | 5 Bed Spaces Left! Fall lease, four bed two bat... | 4BR,2BA | $0.61 |
| Onyx Apartments | 4x2 | 4BR,2BA | $0.55 |
| Town Center Apartments | 3 Bedroom 2 Bath | 3BR,2BA | $0.70 |
| The Linc Apartments | 3x3 | 3BR,3BA | $0.65 |
| 59JOH | 4 Bedroom Apartment @ First & John: Available N... | 4BR,3BA | $0.46 |
| Campus Oaks | Floorplan A - Price per person | 4BR,2BA | $0.75 |
| 202 E. Green St by Bankier Apartments | 4BR/3BA | 4BR,3BA | $0.79 |
| The Mansion | Individual Bedroom Leases | 3BR,1BA | $0.61 |
| Parker Glen | 1Bdrm | 1BR,1BA | $0.72 |
| Parker Glen II | 1 Bedroom | 1BR,1BA | $0.55 |
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 637 Apartments for Rent in Champaign, IL with pricing that ranges from $529 to $3,800. There are also 102 Single Family Homes for rent, Condos, and Townhome rentals currently available in Champaign ranging from $750 to $5,600.
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 $750 to $5,600 with an average monthly rent of $1,950.
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 $714 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 $1,590 and Four Bedroom Apartments start at $637.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.