
Cheap Apartments for Rent in Danville, IL from $400 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in Danville.


904 Georgian Dr

118 National Ave

Waterview Estates

The Verander

419 N Gilbert St

The Grove

Townway Place
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.

425 N Vermilion St

Vermilion Garden Apartments

30-103 Illinois St

308.5 S Walnut St

Magnolia Manor

2204 Alpha Dr

Sunset Cove Apartments

1497 E Fairchild 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.

28 Delaware Ave

1003 Shasta Dr

40 Mahoning Ave

Brookhaven

Falcon Way Townhomes

Golfview Village

Philo Estates Apartments

Urbana Estates
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.

409 E Campbell Ave

1903 N Lincoln Ave

Wabash Shore Apartments

705 W Elm St

302 W Locust St

1104 Eastview Dr

1088 Eastview Dr

West Liberty Point
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Michigan East - Campus Property Management
Danville, IL Local Guide

How much does it cost to rent an apartment in Danville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Danville Studio Apartments | $1,119 | $525 | $1,449 |
| Cheap Danville 1 Bedroom Apartments | $1,040 | $652 | $1,709 |
| Cheap Danville 2 Bedroom Apartments | $1,147 | $763 | $1,845 |
| Cheap Danville 3 Bedroom Apartments | $1,136 | $265 | $2,000 |
| Cheap Danville 4 Bedroom Apartments | $936 | $675 | $1,431 |
Browse Top Apartments in Danville
See all Apartments in DanvilleExplore Danville
Danville, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Danville Apartments for Rent
 The cheapest available apartment rental in Danville, IL is a 1 Bed unit found at Brookhaven priced from $717. Waterview Estates has the second lowest priced unit, which is a 1 Bed apartment currently listed from $730. Here is today’s list of the most affordable Danville apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Brookhaven | 1 Bed/ 1 Bath | 1BR,1BA | $717 |
| Waterview Estates | 1x1Waterview Estates | 1BR,1BA | $730 |
| The Verander | 1Br | 1BR,1BA | $732 |
| Golfview Village | The Gilmore | 2BR,1BA | $750 |
| Falcon Way Townhomes | One Bedroom | 1BR,1BA | $768 |
| The Grove | 1BR | 1BR,1BA | $783 |
| Townway Place | 1 Beds, 1 Baths | 1BR,1BA | $795 |
| Urbana Estates | 1x1Urbana Estates | 1BR,1BA | $800 |
| Aspen Court | The Beech | 1BR,1BA | $847 |
| University Park | One Bedroom | 1BR,1BA | $850 |
Best Value Apartments for Rent in Danville, IL
As of April 12, 2026 the best value apartment in the Danville 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 Danville apartment is the 2 Bed 2 Bath Private Entry Model at Devonshire Village starting at $1,450 with a $1.21 price per square foot . Here is today’s list of the best values for Danville apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 200 Vine St | 2 Bedroom/2.5 bath | 2BR,2BA | $1.07 |
| Devonshire Village | 2 Bed 2 Bath Private Entry | 2BR,2BA | $1.21 |
| Campus Oaks | Floorplan A - Price per person | 4BR,2BA | $0.75 |
| Golfview Village | The Gilmore | 2BR,1.5BA | $0.75 |
| The Linc Apartments | 2x2 | 2BR,2BA | $0.88 |
| University Park | Two Bedroom | 2BR,1BA | $1.17 |
| 808 N Lincoln Ave | 2 Bed / 1 Bath | 2BR,1BA | $1.24 |
| Prairie Green Apartment Homes | 2 Bed 1 Bath | 2BR,1BA | $1.19 |
| Waterview Estates | 1x1Waterview Estates | 1BR,1BA | $1.09 |
| Urbana Estates | 1x1Urbana Estates | 1BR,1BA | $1.22 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe 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.
Read ArticleCash 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.
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.
Best Local Schools in Danville, IL
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Danville, IL Rentals by Map
See the most popular apartments and homes in Danville, IL
Frequently Asked Questions about Cheap Danville Apartments
What is the Cheapest Studio apartment in Danville?
Currently the most affordable Cheap Studio Apartment in Danville is at The Verander listed at $842.
How much is rent for a Cheap One Bedroom Danville Apartment?
The lowest price for a Cheap One Bedroom Danville Apartment is $717 at Brookhaven.
What is the lowest price for a Cheap Two Bedroom Danville Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Danville is starting from $750 at Golfview Village.
What is the most affordable Danville Three Bedroom Apartment?
The best deal on a cheap Danville Three Bedroom Apartment rental is at Falcon Way Townhomes and starts from $826.
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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.