Cheap Apartments for Rent in Downs, IL from $500 (44 Rentals)

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

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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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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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

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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1 White Place
Studio to 2 Bedroom Apartments

1 White Place

1 White PlBloomington, IL 61701
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Oak Creek Plaza
2 Bedroom Apartments

Oak Creek Plaza

108 Oak Creek PlzBloomington, IL 61704
  • Utilities Included

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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Hershey Townhomes
2 to 3 Bedroom Apartments

Hershey Townhomes

1411 N Hershey RdBloomington, IL 61704
Showing Results 1-44, 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
The Oaks1 bed / bath1BR,1BA$800
Class Act Realty1 Bedroom1BR,1BA$825
Traditions BloomingtonTwo Bedroom - Market2BR,2BA$831
CollegePlace Uptown2BR/1BA2BR,1BA$840
1-7 Keisha Drive1 Bed, 1 bath1BR,1BA$875
The Grove at Main1/1 TRA1BR,1BA$899
Arbors at EastlandThe Maple2BR,1BA$900

Best Value Apartments for Rent in Downs, IL and Nearby

As of April 30, 2026 the best value apartment in the Downs area is the $0.75 price per square foot 2BR/ 1BA Model at East Douglas Apartments in the in the Downtown Bloomington neighborhood starting from $900. The second greatest value Downs apartment is the All units Model at 3 Stortz Drive starting at $1,300 with a $1.08 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.
East Douglas Apartments2BR/ 1BA2BR,1BA$0.75
3 Stortz DriveAll units2BR,2BA$1.08
Oak Creek Plaza2/1 Vaulted Ceilings LVP Flooring2BR,1BA$1.04
701 FranklinApt 24BR,2BA$0.55
Ekstam Apartments2 Beds 2 Bath2BR,2BA$1.14
Rainbow Circle Apartments2/22BR,2BA$1.23
Traditions BloomingtonTwo Bedroom - Income Restricted2BR,2BA$1.13
Currency Commons Apartments2B1B2BR,1BA$1.00
Arbors at EastlandThe Cypress2BR,1BA$1.09
Danbury Court1 Bedroom1BR,1BA$1.17

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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Quick 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.

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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

What is the Cheapest Studio apartment in Downs?

Currently the most affordable Cheap Studio Apartment in Downs is at Washington Senior Apartments listed at $546.

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

The lowest price for a Cheap One Bedroom Downs Apartment is $578 at Washington Senior Apartments.

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 $831 at Traditions Bloomington.

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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.