Cheap Homes for Rent in Decatur, IL from $575 (58 Rentals)

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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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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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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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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

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 ApartmentsSandstone2BR,1BA$775
Timber CoveThe Yawl1BR,1BA$780
Oakwood EstatesTwo Bedroom One Bath2BR,1BA$785
2474 N Florian62BR,1BA$915
West Mound Apartments2 Bedroom 1 Bathroom2BR,1BA$945

Best Value Apartments for Rent in Decatur, IL

As of August 25, 2026 the best value apartment in the Decatur area is the $0.77 price per square foot 706 W Prairie Ave Model at 706 W Prairie Ave, Unit 2 in the starting from $850. The second greatest value Decatur apartment is the 2 Bedroom 1 Bathroom Model at West Mound Apartments starting at $945 with a $1.04 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.
706 W Prairie Ave, Unit 2706 W Prairie Ave2BR,1BA$0.77
West Mound Apartments2 Bedroom 1 Bathroom2BR,1BA$1.04
Oakwood EstatesTwo Bedroom One Bath2BR,1BA$0.87
RESERVE AT LAKEVIEWTwo Bedrooms One Bathroom2BR,1BA$0.60
2474 N Florian62BR,1.5BA$1.14
The Quarry ApartmentsSandstone2BR,1BA$0.99
Timber CoveThe Yawl1BR,1BA$1.11
Stones Crossing ApartmentsVery nice and updated one bedroom for rent!!!!!1BR,1BA$1.16

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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Decatur, IL
Population: 71,290

Ranked #507

in US Census Population by City

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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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Frequently Asked Questions about Decatur

What type of rentals are currently available in Decatur?

There are currently 82 Apartments for Rent in Decatur, IL with pricing that ranges from $482 to $1,300. There are also 90 Single Family Homes for rent, Condos, and Townhome rentals currently available in Decatur ranging from $250 to $3,250.

What is the current price range for Rental Homes in Decatur?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Decatur ranges from $250 to $3,250 with an average monthly rent of $946.

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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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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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.