Cheap Homes for Rent in Decatur, IL from $500 (29 Rentals)

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

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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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.

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Showing Results 1-29, Page 1 of 1

Decatur, IL Local Guide

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
Timber CoveThe Yawl1BR,1BA$755
2474 N FlorianUnit 112BR,1BA$900

Best Value Apartments for Rent in Decatur, IL

As of November 06, 2025 the best value apartment in the Decatur area is the $1.13 price per square foot Unit 11 Model at 2474 N Florian in the starting from $900. The second greatest value Decatur apartment is the 1 Bedroom Model at Roosevelt School Apartments starting at $461 with a $0.61 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.
2474 N FlorianUnit 112BR,1.5BA$1.13
Roosevelt School Apartments1 Bedroom1BR,1BA$0.61
Timber CoveThe Yawl1BR,1BA$1.08
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$0.69
Stones Crossing ApartmentsVery nice and updated one bedroom for rent!!!!!1BR,1BA$1.16

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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See the most popular apartments and homes in Decatur, IL

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Frequently Asked Questions about Decatur

What type of rentals are currently available in Decatur?

There are currently 71 Apartments for Rent in Decatur, IL with pricing that ranges from $461 to $1,199. There are also 69 Single Family Homes for rent, Condos, and Townhome rentals currently available in Decatur ranging from $549 to $2,490.

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 $549 to $2,490 with an average monthly rent of $1,395.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.