Cheap Apartments for Rent in Decatur, IL from $300 (16 Rentals)

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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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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
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777 W Prairie St
1 to 3 Bedroom Apartments

777 W Prairie St

777 W Prairie StDecatur, IL 62522

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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. Roosevelt School Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $461. 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
Roosevelt School Apartments1 Bedroom1BR,1BA$461
Stones Crossing ApartmentsNice one bedroom efficiency apartment1BR,1BA$625
Moundford Terrace1 Bedroom 1 Bath1BR,1BA$655
West Mound Apartments2 Bedroom 1 Bathroom2BR,1BA$900

Best Value Apartments for Rent in Decatur, IL

As of September 13, 2025 the best value apartment in the Decatur area is the $0.38 price per square foot 814 W Wood St Model at 814 W Wood St, Unit 2 in the starting from $600. The second greatest value Decatur apartment is the 2 Bedroom 1 Bathroom Model at West Mound Apartments starting at $900 with a $0.99 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.
814 W Wood St, Unit 2814 W Wood St2BR,2BA$0.38
West Mound Apartments2 Bedroom 1 Bathroom2BR,1BA$0.99
2474 N FlorianUnit 112BR,1.5BA$1.06
Roosevelt School Apartments1 Bedroom1BR,1BA$0.61
Moundford Terrace1 Bedroom 1 Bath1BR,1BA$1.07
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!

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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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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.