Cheap Homes for Rent in Decatur, IL from $500 (24 Rentals)

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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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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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-24, Page 1 of 1

Decatur, IL Local Guide

Cheapest Available Decatur Apartments for Rent

 

The cheapest available apartment rental in Decatur, IL is a 2 Beds unit found at RESERVE AT LAKEVIEW priced from $507. 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 LAKEVIEWTwo Bedrooms One Bathroom2BR,1BA$507
Stones Crossing ApartmentsNice one bedroom efficiency apartment1BR,1BA$625
Moundford Terrace2 Bedroom 1 Bath2BR,1BA$725
Prairie Hills2 Bedroom 1 Bath2BR,1BA$880
2474 N Florian1st Floor2BR,1BA$900

Best Value Apartments for Rent in Decatur, IL

As of June 22, 2025 the best value apartment in the Decatur area is the $0.60 price per square foot Two Bedrooms One Bathroom Model at RESERVE AT LAKEVIEW in the starting from $507. The second greatest value Decatur apartment is the 1st Floor Model at 2474 N Florian starting at $900 with a $1.13 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.
RESERVE AT LAKEVIEWTwo Bedrooms One Bathroom2BR,1BA$0.60
2474 N Florian1st Floor2BR,1.5BA$1.13
Moundford Terrace2 Bedroom 1 Bath2BR,1BA$1.06
Prairie Hills2 Bedroom 1 Bath2BR,1BA$1.26
706 W Prairie Ave, Unit 3706 W Prairie Ave1BR,1BA$0.89
Stones Crossing ApartmentsVery nice and updated one bedroom for rent!!!!!1BR,1BA$1.16
723 W Main St, Unit 1723 W Main St1BR,1BA$1.00

Quick Rent Budget Calculator

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Frequently Asked Questions about Decatur

What type of rentals are currently available in Decatur?

There are currently 72 Apartments for Rent in Decatur, IL with pricing that ranges from $575 to $1,450. There are also 52 Single Family Homes for rent, Condos, and Townhome rentals currently available in Decatur ranging from $495 to $4,500.

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 $495 to $4,500 with an average monthly rent of $1,751.

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.