Cheap Apartments for Rent near Downs, IL from $500 (48 Rentals)

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Search the lowest-cost Apartments available for rent right now in Downs.

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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314 Mecherle
1 to 2 Bedroom Apartments

314 Mecherle

314 Mecherle DrBloomington, IL 61701
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Fairmont Apartments
1 to 2 Bedroom Apartments

Fairmont Apartments

717 Fairmont DrBloomington, IL 61704
  • Utilities Included
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Oak Creek Plaza
2 Bedroom Apartments

Oak Creek Plaza

108 Oak Creek PlzBloomington, IL 61704
  • Utilities Included

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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1 White Place
Studio to 2 Bedroom Apartments

1 White Place

1 White PlBloomington, IL 61701

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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Showing Results 1-48, Page 1 of 1

Downs, IL Local Guide

Cheapest Available Downs Apartments for Rent and Nearby

 

The cheapest available apartment rental in Downs, IL is a Studio unit found at Washington Senior Apartments in the Downtown Bloomington neighborhood priced from $546. Bradlee Park Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $650. Here is today’s list of the most affordable Downs apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Washington Senior ApartmentsStudioStudio,1BA$546
Bradlee Park ApartmentsStudioStudio,1BA$650
Broadmoor ParkCortez 1 Bedroom 1 Bath1BR,1BA$795
Class Act Realty1 Bedroom1BR,1BA$820
Cortez ApartmentsUnfurnished1BR,1BA$825
Currency Commons Apartments1B1B1BR,1BA$840
East Douglas Apartments2BR/ 1BA2BR,1BA$900
The Grove at Main2 Bed / 1 Bath - URB2BR,1BA$925
Arbors at EastlandThe Cypress2BR,1BA$940
Lancaster HeightsOne Bedroom1BR,1BA$1,000

Best Value Apartments for Rent in Downs, IL and Nearby

As of July 29, 2026 the best value apartment in the Downs area is the $1.23 price per square foot Three Bedroom/Two Bath Model at Wingover Luxury Apartments and Townhomes in the starting from $1,600. The second greatest value Downs apartment is the 2BR/ 1BA Model at East Douglas Apartments starting at $900 with a $0.75 price per square foot in the Downtown Bloomington neighborhood. Here is today’s list of the best values for Downs apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Wingover Luxury Apartments and TownhomesThree Bedroom/Two Bath3BR,2BA$1.23
East Douglas Apartments2BR/ 1BA2BR,1BA$0.75
3 Stortz DriveAll units2BR,2BA$1.08
701 FranklinApt 54BR,1BA$0.45
Ekstam Apartments2 Beds 2 Bath2BR,2BA$1.14
Traditions BloomingtonTwo Bedroom - Market2BR,2BA$1.18
The Grove at Main2 Bed / 1 Bath 1906L Tracy2BR,1BA$1.09
The Apartments on Christopher Way2 Bed / 2 Bath (1st and 2nd Floor)2BR,2BA$1.27
Rainbow Circle Apartments2 Bed / 2 Bath2BR,2BA$1.24
Arbors at EastlandThe Cypress2BR,1BA$1.09

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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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Downs, IL Rentals by Map

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See the most popular apartments and homes in Downs, IL

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Frequently Asked Questions about Cheap Downs Apartments

How much is rent for a Cheap One Bedroom Downs Apartment?

The lowest price for a Cheap One Bedroom Downs Apartment is $795 at Broadmoor Park.

What is the lowest price for a Cheap Two Bedroom Downs Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downs is starting from $860 at Class Act Realty.

What is the most affordable Downs Three Bedroom Apartment?

The best deal on a cheap Downs Three Bedroom Apartment rental is at Traditions Bloomington and starts from $1,325.

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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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.

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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.