
Cheap Apartments for Rent in Decatur, IL from $300 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in Decatur.


Roosevelt School Apartments

1700 W Grand Ave

Stones Crossing Apartments

The Quarry 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.

Woodcrest Apartment Homes

2618 E Garfield Ave

Oakwood Estates

Timber Cove

Southern Oaks Apartments
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.

Beth Boulevard Apartments

545 W Main St

Edgewood Apartments

Willow Heights

777 W Prairie 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.

759 E Lawrence St
Decatur, IL Local Guide

How much does it cost to rent an apartment in Decatur?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Decatur Studio Apartments | $635 | $502 | $690 |
| Cheap Decatur 1 Bedroom Apartments | $762 | $421 | $990 |
| Cheap Decatur 2 Bedroom Apartments | $891 | $566 | $1,100 |
| Cheap Decatur 3 Bedroom Apartments | $1,078 | $641 | $1,199 |
Browse Top Apartments in Decatur
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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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Roosevelt School Apartments | Studio | Studio,1BA | $502 |
| RESERVE AT LAKEVIEW | Two Bedrooms One Bathroom | 2BR,1BA | $507 |
| Stones Crossing Apartments | Nice one bedroom efficiency apartment | 1BR,1BA | $600 |
| Timber Cove | The Regatta | Studio,1BA | $690 |
| Oakwood Estates | Two Bedroom One Bath | 2BR,1BA | $785 |
Best Value Apartments for Rent in Decatur, IL
As of June 15, 2026 the best value apartment in the Decatur area is the $0.87 price per square foot Two Bedroom One Bath Model at Oakwood Estates in the starting from $785. The second greatest value Decatur apartment is the Two Bedrooms One Bathroom Model at RESERVE AT LAKEVIEW starting at $507 with a $0.60 price per square foot . Here is today’s list of the best values for Decatur apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Oakwood Estates | Two Bedroom One Bath | 2BR,1BA | $0.87 |
| RESERVE AT LAKEVIEW | Two Bedrooms One Bathroom | 2BR,1BA | $0.60 |
| 2474 N Florian | 10 | 2BR,1.5BA | $1.13 |
| Stones Crossing Apartments | Very nice and updated one bedroom for rent!!!!! | 1BR,1BA | $1.16 |
| Timber Cove | The Regatta | Studio ,1BA | $1.50 |
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.
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
See the most popular apartments and homes in Decatur, IL
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 $600 at Stones Crossing 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

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.