
Cheap Homes for Rent in Decatur, IL from $500 (33 Rentals)
Search the lowest-cost Homes available for rent right now in Decatur.


759 E Lawrence St

1700 W Grand Ave

2618 E Garfield Ave

103 E Prairie Ave

830 E Rogers Ave

1729 N Woodford St

821 N Oakland Ave
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.

1505 E Walnut St

1908 N Union St

1259 E Whitmer St

515 S Boyd St

615 Harper Ave

238 W Peoria Ave

1112 E Garfield Ave

254 W Peoria Ave
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.

415 E Division St

347 N Stone St

2550 E Main St

1966 N Lowber St

1258 E Division St

1365 E Walnut St

1035 Elmhurst Ave

1344 E Condit 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.

327 E Stuart Ave

132 N 23rd Pl

1286 E Vanderhoof St

1245 N Union St

1818 E Clay St

1830 N Lowber St

945 W William St, Unit 1st floor

927 W North St
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.

2448 E Wood St
Decatur, IL Local Guide

How much does it cost to rent a home in Decatur?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Decatur 2 Bedroom Homes for Rent | $940 | $575 | $2,750 |
| Decatur 3 Bedroom Homes for Rent | $998 | $625 | $1,775 |
| Decatur 4 Bedroom Homes for Rent | $1,420 | $675 | $2,000 |
Browse Top Homes for Rent in Decatur
Explore Decatur
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 Studio apartment currently listed from $502. Here is today’s list of the most affordable Decatur apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| RESERVE AT LAKEVIEW | One Bedroom One Bathroom | 1BR,1BA | $421 |
| Roosevelt School Apartments | Studio | Studio,1BA | $502 |
| Stones Crossing Apartments | Nice one bedroom efficiency apartment | 1BR,1BA | $600 |
| Decatur Flats Apartments | 1BR/1.0BA | 1BR,1BA | $725 |
| Oakwood Estates | Two Bedroom One Bath | 2BR,1BA | $785 |
| The Quarry Apartments | Rhyolite | 2BR,1BA | $840 |
| 2474 N Florian | 10 | 2BR,1BA | $900 |
Best Value Apartments for Rent in Decatur, IL
As of July 09, 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 10 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Oakwood Estates | Two Bedroom One Bath | 2BR,1BA | $0.87 |
| 2474 N Florian | 10 | 2BR,1.5BA | $1.13 |
| The Quarry Apartments | Rhyolite | 2BR,1BA | $1.14 |
| Decatur Flats Apartments | 1 bed 1 bath Renovated | 1BR,1BA | $1.14 |
| RESERVE AT LAKEVIEW | One Bedroom One Bathroom | 1BR,1BA | $0.69 |
| Stones Crossing Apartments | Very nice and updated one bedroom for rent!!!!! | 1BR,1BA | $1.16 |
| 441 Woodside Trail, Unit Unit #F-1 | 441 Woodside Trail | 1BR,1BA | $1.35 |
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.
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 Decatur
What type of rentals are currently available in Decatur?
There are currently 81 Apartments for Rent in Decatur, IL with pricing that ranges from $482 to $1,299. There are also 55 Single Family Homes for rent, Condos, and Townhome rentals currently available in Decatur ranging from $575 to $2,750.
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 $575 to $2,750 with an average monthly rent of $1,037.
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

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.