Cheap Apartments for Rent in Decatur, IL from $300 (12 Rentals)

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

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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
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Edgewood Apartments
Studio to 2 Bedroom Apartments

Edgewood Apartments

2707-2898 Jaymar TrlDecatur, IL 62521
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

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Decatur, IL Local Guide

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Cheapest Available Decatur Apartments for Rent

 

The cheapest available apartment rental in Decatur, IL is a 1 Bed unit found at RESERVE AT LAKEVIEW priced from $421. Stones Crossing Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $625. Here is today’s list of the most affordable Decatur apartments for rent:

Apartment ListingModel NameBed/BathPriced From
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$421
Stones Crossing ApartmentsNice one bedroom efficiency apartment1BR,1BA$625
Moundford Terrace2 Bedroom 1 Bath2BR,1BA$725
2474 N Florian1st Floor2BR,1BA$850
Prairie Hills2 Bedroom 1 Bath2BR,1BA$880

Best Value Apartments for Rent in Decatur, IL

As of June 29, 2025 the best value apartment in the Decatur area is the $0.98 price per square foot 2 Bedroom 1 Bathroom Model at West Mound Apartments in the starting from $890. The second greatest value Decatur apartment is the The Whitehall Model at Timber Cove starting at $865 with a $0.96 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.
West Mound Apartments2 Bedroom 1 Bathroom2BR,1BA$0.98
Timber CoveThe Whitehall2BR,1BA$0.96
2474 N Florian2nd Floor2BR,1.5BA$1.19
Moundford Terrace2 Bedroom 1 Bath2BR,1BA$0.93
Prairie Hills2 Bedroom 1 Bath2BR,1BA$1.26
706 W Prairie Ave, Unit 3706 W Prairie Ave1BR,1BA$0.89
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$0.69
Stones Crossing ApartmentsVery nice and updated one bedroom for rent!!!!!1BR,1BA$1.16

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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.

Decatur, IL
Population: 71,290

Ranked #507

in US Census Population by City

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

Explore Decatur, IL Rentals by Map

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Getting Around Decatur, IL

Walk Score®

47 / 100

Car-Dependent

Most errands require a car

Bike Score®

44 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Decatur Apartments

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

The lowest price for a Cheap One Bedroom Decatur Apartment is $421 at RESERVE AT LAKEVIEW.

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

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.