Cheap Apartments for Rent near Homer, IL from $600 (37 Rentals)

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

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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705 W Elm St
Studio to 4 Bedroom Apartments

705 W Elm St

705 W Elm StUrbana, IL 61801
Corporate Housing
  • Utilities Included
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302 W Locust St
1 Bedroom Apartments

302 W Locust St

302 W Locust StUrbana, IL 61801

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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106 N gregory
1 Bedroom Apartments

106 N gregory

106 N Gregory StUrbana, IL 61801
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211 N Central
1 Bedroom Apartments

211 N Central

211 N Central AveUrbana, IL 61801
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202 E Crockett
2 Bedroom Apartments

202 E Crockett

202 Crockett StCatlin, IL 61817
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212 W High St
1 Bedroom Apartments

212 W High St

212 W High StUrbana, IL 61801
Student Housing
  • Utilities Included
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Windsor Duplexes
2 Bedroom Apartments

Windsor Duplexes

907 E Harding DrUrbana, IL 61801
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813 W Main
2 Bedroom Apartments

813 W Main

813 W Main StUrbana, IL 61801

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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608 E Chalmers
Studio to 4 Bedroom Apartments

608 E Chalmers

608 E Chalmers StChampaign, IL 61820
Student Housing
property at 1113 W Hill St

$1,050 - $2,000

2 To 5 Bedroom Rentals

Available Aug 7

1113 W Hill St

UrbanaIL61801
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Aspen Court
1 to 3 Bedroom Apartments

Aspen Court

1557 S Hunter StUrbana, IL 61802
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1003 W Stoughton
1 to 2 Bedroom Apartments

1003 W Stoughton

1003 W Stoughton StUrbana, IL 61801
Corporate Housing
  • 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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Showing Results 1-37, Page 1 of 1

Homer, IL Local Guide

Cheapest Available Homer Apartments for Rent and Nearby

 

The cheapest available apartment rental in Homer, IL is a 4 Beds unit found at 2008 S Vawter St priced from $800. Urbana Estates has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Homer apartments for rent:

Apartment ListingModel NameBed/BathPriced From
2008 S Vawter St4 Beds4BR,2BA$800
Urbana Estates1x1Urbana Estates1BR,1BA$800
Prairie Green Apartment Homes2 x 12BR,1BA$850
Town & Country ApartmentsKensington1BR,1BA$875
Eastland ApartmentsStudio ApartmentStudio,1BA$995
Fairlawn Village1 Bedroom Standard1BR,1BA$1,000
Parkside2 Bedroom 1 Bath - 850 SF2BR,1BA$1,080
Aspen CourtThe Post Oak3BR,1BA$1,112
202 RaceBeautiful 2BD Condo in Downtown Urbana!2BR,1BA$1,182
Stone Ridge Square2 Bedroom 2 Bath - 980 SF2BR,2BA$1,288

Best Value Apartments for Rent in Homer, IL and Nearby

As of August 05, 2026 the best value apartment in the Homer area is the $0.97 price per square foot 3 Beds Model at 2008 S Vawter St in the starting from $1,050. The second greatest value Homer apartment is the Floorplan A - Price per person Model at Campus Oaks starting at $750 with a $0.75 price per square foot . Here is today’s list of the best values for Homer apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2008 S Vawter St3 Beds3BR,1BA$0.97
Campus OaksFloorplan A - Price per person4BR,2BA$0.75
Stone Ridge Square2 Bedroom 2 Bath - 980 SF2BR,2BA$1.31
Parkside2 Bedroom 1 Bath 850 SF Upgrade2BR,1BA$1.42
Urbana Estates2X1Urbana Estates2BR,1BA$1.07
Prairie Green Apartment Homes2 x 12BR,1BA$1.02
Capstone QuartersTwo Bedroom Select2BR,2BA$0.80
The MansionIndividual Bedroom Leases3BR,1BA$0.61
519 E. Green St by Bankier Apartments509 E. Green St2BR,2BA$1.23
The AtriumSingle (shared common area)1BR,1BA$1.33

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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Quick Rent Budget Calculator

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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 Homer, IL Rentals by Map

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See the most popular apartments and homes in Homer, IL

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Frequently Asked Questions about Cheap Homer Apartments

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

The lowest price for a Cheap One Bedroom Homer Apartment is $800 at Urbana Estates.

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

Today's best deal for a Cheap Two Bedroom Apartment in Homer is starting from $850 at Prairie Green Apartment Homes.

What is the most affordable Homer Three Bedroom Apartment?

The best deal on a cheap Homer Three Bedroom Apartment rental is at Urbana Estates and starts from $1,000.

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.