Cheap Apartments for Rent in Decatur, IL from $300 (58 Rentals)

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

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.

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property at 1908 N Union St

$799

Total Monthly Price

Total Monthly Price

Base Rent
$799
Total Monthly Price
$799

2 Bedroom, 1 Bath Home for Rent

Available Now

1908 N Union St

DecaturIL62526

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.

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1643 N Main St, Unit Up
$900
Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900
2 Bedroom Apartment Available Now

1643 N Main St, Unit Up

1643 N Main StDecatur, IL 62526
Cost Per Sq.Ft.

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.

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Southern Oaks Apartments
1 to 2 Bedroom Apartments

Southern Oaks Apartments

1730-1760 S Fairview AveDecatur, IL 62521
  • Utilities Included
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545 W Main St
1 Bedroom Apartments

545 W Main St

545 W Main StDecatur, IL 62522
  • Utilities Included
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Edgewood Apartments
Studio to 2 Bedroom Apartments

Edgewood Apartments

2707-2898 Jaymar TrlDecatur, IL 62521
  • Utilities Included
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Willow Heights
1 to 2 Bedroom Apartments

Willow Heights

1460 E Wellington WayDecatur, IL 62526
Senior Living
  • Utilities Included
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777 W Prairie St
1 to 3 Bedroom Apartments

777 W Prairie St

777 W Prairie StDecatur, IL 62522

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.

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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.

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Decatur, IL Local Guide

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Local Guide Expert

Cheapest Available Decatur Apartments for Rent

 

The cheapest available apartment rental in Decatur, IL is a Studio unit found at Roosevelt School Apartments priced from $502. RESERVE AT LAKEVIEW has the second lowest priced unit, which is a 2 Beds apartment currently listed from $507. Here is today’s list of the most affordable Decatur apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Roosevelt School ApartmentsStudioStudio,1BA$502
RESERVE AT LAKEVIEWTwo Bedrooms One Bathroom2BR,1BA$507
Stones Crossing ApartmentsNice one bedroom efficiency apartment1BR,1BA$600
The Quarry ApartmentsBasaltStudio,1BA$625
Oakwood EstatesTwo Bedroom One Bath2BR,1BA$785
2474 N Florian102BR,1BA$900
Timber CoveThe Harbor Town2BR,1BA$935

Best Value Apartments for Rent in Decatur, IL

As of July 31, 2026 the best value apartment in the Decatur area is the $0.78 price per square foot The Harbor Town Model at Timber Cove in the starting from $935. The second greatest value Decatur apartment is the 706 W Prairie Ave Model at 706 W Prairie Ave, Unit 2 starting at $850 with a $0.77 price per square foot . Here is today’s list of the best values for Decatur apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Timber CoveThe Harbor Town2BR,1BA$0.78
706 W Prairie Ave, Unit 2706 W Prairie Ave2BR,1BA$0.77
1643 N Main St, Unit Unit Up1643 N Main St2BR,1BA$0.90
Oakwood EstatesTwo Bedroom One Bath2BR,1BA$0.87
RESERVE AT LAKEVIEWTwo Bedrooms One Bathroom2BR,1BA$0.60
2474 N Florian102BR,1.5BA$1.13
Stones Crossing ApartmentsVery nice and updated one bedroom for rent!!!!!1BR,1BA$1.16
The Quarry ApartmentsBasaltStudio ,1BA$1.45

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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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.

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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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Decatur Overview

If you are looking for a fun, affordable city to call home, you might be thinking about Decatur, Illinois. This is a city known for its low cost of living, thriving job market, and friendly people. As a result, you might be interested in living in apartments in Decatur, Illinois. What do you need to know about Decatur? Learn more below, and rely on someone with local knowledge to help you find your next Decatur apartment.

Why live in Decatur, IL?

There are plenty of reasons why so many people are choosing to move to Decatur, Illinois. First, the school system is relatively strong, making it a great location for families with children. Second, the cost of living in Decatur is relatively low, particularly when compared to other major cities nearby, including Saint Louis and Chicago. Finally, Decatur is also a great place to live because the people who live there are very friendly. It is easy for people to get around, and it is a great place to get to know your neighbors. For all of these reasons, you might want to consider making Decatur your next home as well.

Best Local Schools in
Decatur, IL

School data provided by Great Schools

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

Explore Decatur, IL Rentals by Map

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See the most popular apartments and homes in Decatur, IL

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Frequently Asked Questions about Cheap Decatur Apartments

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

Today's best deal for a Cheap Two Bedroom Apartment in Decatur is starting from $507 at RESERVE AT LAKEVIEW.

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

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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.

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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.

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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.

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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.