
Cheap Apartments for Rent in Danforth, IL from $500 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in Danforth.


Falcon Way Townhomes

Meadowview Apartments - Mahomet

Golfview Village

Phoenix Apartments of Pontiac

Crest Apartments
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.

South Pointe Commons

Stone Falls

Madison Cottage of Rensselaer

Pontiac Towers

Linden Park Apartments

526 E Main St
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.

409 E Campbell Ave

Fowler Place Apartments

1088 Eastview Dr

West Liberty Point

418 N High St

426 W Maple St
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.

1304 E North St

308 N Union St

Williams Street Townhomes

Autumn Ridge

101 E Bannon St

407 E Seminole St
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.

West Harbor Place
Danforth, IL Local Guide

How much does it cost to rent an apartment in Danforth?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Danforth Studio Apartments | $1,606 | $800 | $1,937 |
| Danforth 1 Bedroom Apartments | $1,498 | $553 | $2,267 |
| Danforth 2 Bedroom Apartments | $1,851 | $732 | $2,780 |
| Danforth 3 Bedroom Apartments | $1,407 | $845 | $2,295 |
| Danforth 4 Bedroom Apartments | $1,232 | $1,065 | $1,400 |
Browse Top Apartments in Danforth
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Danforth, IL Local Guide
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Cheapest Available Danforth Apartments for Rent and Nearby
 The cheapest available apartment rental in Danforth, IL is a 1 Bed unit found at Falcon Way Townhomes priced from $742. 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 Danforth apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Falcon Way Townhomes | One Bedroom | 1BR,1BA | $742 |
| Phoenix Apartments of Pontiac | One Bedroom Deluxe | 1BR,1BA | $795 |
| Crest Apartments | Studio | Studio,1BA | $800 |
| Meadowview Apartments - Mahomet | Two Bedroom One Bathroom | 2BR,1BA | $845 |
| Stone Falls | One Bedroom, Base Package | 1BR,1BA | $949 |
Best Value Apartments for Rent in Danforth, IL and Nearby
As of June 14, 2026 the best value apartment in the Danforth area is the $0.80 price per square foot South Pointe 4bd/2.5ba Townhouse Model at South Pointe Commons in the starting from $1,400. The second greatest value Danforth apartment is the Cates 3x2.5 Model at Timber Wolf and Cates Crossing starting at $2,160 with a $1.32 price per square foot . Here is today’s list of the best values for Danforth apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| South Pointe Commons | South Pointe 4bd/2.5ba Townhouse | 4BR,2.5BA | $0.80 |
| Timber Wolf and Cates Crossing | Cates 3x2.5 | 3BR,2.5BA | $1.32 |
| Middletown Place Apartments | Juniper | 2BR,2BA | $1.24 |
| Hunters Pond Apartment Homes | Two Bedroom | 2BR,2BA | $1.49 |
| ST JAMES SENIOR APARTMENTS | 2 BED 1 BATH | 2BR,1BA | $1.25 |
| Stone Falls | Two Bedroom, Luxury Package | 2BR,1BA | $1.38 |
| 811 Covey Ln | 1x1 | 1BR,1BA | $1.33 |
| Phoenix Apartments of Pontiac | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.05 |
| Madison Cottage of Rensselaer | 1x1 | 1BR,1BA | $1.14 |
| Meadowview Apartments - Mahomet | Two Bedroom One Bathroom | 2BR,1BA | $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 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Danforth, IL
Frequently Asked Questions about Cheap Danforth Apartments
How much is rent for a Cheap One Bedroom Danforth Apartment?
The lowest price for a Cheap One Bedroom Danforth Apartment is $742 at Falcon Way Townhomes.
What is the lowest price for a Cheap Two Bedroom Danforth Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Danforth is starting from $845 at Meadowview Apartments - Mahomet.
What is the most affordable Danforth Three Bedroom Apartment?
The best deal on a cheap Danforth Three Bedroom Apartment rental is at Meadowview Apartments - Mahomet and starts from $960.
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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.