Cheap Apartments for Rent near Cornell, IL from $500 (38 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Cornell.

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.

Read Article

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.

Read Article
close
View Me
314 Mecherle
1 to 2 Bedroom Apartments

314 Mecherle

314 Mecherle DrBloomington, IL 61701
close
View Me
2 Curtis Ct
2 Bedroom Apartments

2 Curtis Ct

2 Curtis CtNormal, IL 61761

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.

Read Article
close
View Me
101 E Bannon St
1 to 2 Bedroom Apartments

101 E Bannon St

101 E Bannon StDwight, IL 60420
close
View Me
Parkview Apartments
1 to 3 Bedroom Apartments

Parkview Apartments

101 Northfield DrNormal, IL 61761
  • Utilities Included

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.

Read Article
close
View Me
811 Covey Ln
1 Bedroom Apartments

811 Covey Ln

811 Covey LnCoal City, IL 60416
Showing Results 1-38, Page 1 of 1

Cornell, IL Local Guide

Cheapest Available Cornell Apartments for Rent and Nearby

 

The cheapest available apartment rental in Cornell, IL is a 3 Beds unit found at 701 Franklin in the Downtown Normal neighborhood priced from $530. Phoenix Apartments of Pontiac has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here is today’s list of the most affordable Cornell apartments for rent:

Apartment ListingModel NameBed/BathPriced From
701 FranklinApt 13BR,1BA$530
Phoenix Apartments of PontiacOne Bedroom Deluxe1BR,1BA$795
Class Act Realty1 Bedroom1BR,1BA$830
CollegePlace Uptown2BR/1BA - Upgrade2BR,1BA$860
Ironwood Gardens ApartmentsStudioStudio,1BA$982
Pontiac Towers1 Bedroom1BR,1BA$990
Lancaster HeightsOne Bedroom1BR,1BA$1,000
Pinecrest ApartmentsPinnacle - 2 BD / 1 BA2BR,1BA$1,025
BayOakBay2BR,2BA$1,160
Oak Point ApartmentsOP-1X11BR,1BA$1,200

Best Value Apartments for Rent in Cornell, IL and Nearby

As of August 18, 2026 the best value apartment in the Cornell area is the $0.49 price per square foot 4 Balcony Renovated Model at The Social on Hovey in the in the Downtown Normal neighborhood starting from $749. The second greatest value Cornell apartment is the 4x4 Furnished Townhome Model at The Social at Illinois State starting at $699 with a $0.47 price per square foot in the Downtown Normal neighborhood. Here is today’s list of the best values for Cornell apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Social on Hovey4 Balcony Renovated4BR,4BA$0.49
The Social at Illinois State4x4 Furnished Townhome4BR,4BA$0.47
Wingover Luxury Apartments and TownhomesThree Bedroom/Two Bath3BR,2BA$1.23
3 Stortz DriveAll units2BR,2BA$1.08
Harvest View2 Bed / 2 Bath | Upper Level2BR,2BA$1.21
Ekstam Apartments2 Beds 2 Bath2BR,2BA$1.14
701 FranklinApt 13BR,1BA$0.48
700 N Adelaide StRent Per Student for 22BR,1.5BA$0.78
Phoenix Apartments of Pontiac2 Bedroom 1 Bathroom2BR,1BA$1.05
The Social NormalThe Redbird Corner Renovated2BR,2BA$1.03

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
Decorative image

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.

Read Article
Decorative image

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

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

Explore Cornell, IL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Cornell, IL

View Map
Cornell, IL Apartments Map
View Map
Cornell, IL Rental Homes Map

Frequently Asked Questions about Cheap Cornell Apartments

How much is rent for a Cheap One Bedroom Cornell Apartment?

The lowest price for a Cheap One Bedroom Cornell Apartment is $795 at Phoenix Apartments of Pontiac.

What is the lowest price for a Cheap Two Bedroom Cornell Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Cornell is starting from $855 at Class Act Realty.

What is the most affordable Cornell Three Bedroom Apartment?

The best deal on a cheap Cornell Three Bedroom Apartment rental is at 701 Franklin and starts from $530.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.