Cheap Apartments for Rent in Homer, IL from $600 (35 Rentals)

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

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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705 W Elm St
Studio to 4 Bedroom Apartments

705 W Elm St

705 W Elm StUrbana, IL 61801
Corporate Housing
  • Utilities Included

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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302 W Locust St
1 Bedroom Apartments

302 W Locust St

302 W Locust StUrbana, IL 61801
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106 N gregory
1 Bedroom Apartments

106 N gregory

106 N Gregory StUrbana, IL 61801
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Aspen Court
1 to 3 Bedroom Apartments

Aspen Court

1557 S Hunter StUrbana, IL 61802
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Willow Springs
2 Bedroom Apartments

Willow Springs

1606 Willow View RdUrbana, IL 61802
Furnished
  • Utilities Included
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202 E Crockett
2 Bedroom Apartments

202 E Crockett

202 Crockett StCatlin, IL 61817

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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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
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608 E Chalmers
Studio to 4 Bedroom Apartments

608 E Chalmers

608 E Chalmers StChampaign, IL 61820
Student Housing
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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

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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Showing Results 1-35, 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 1 Bed unit found at Urbana Estates priced from $800. Town & Country Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $829. Here is today’s list of the most affordable Homer apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Urbana Estates1x1Urbana Estates1BR,1BA$800
Town & Country ApartmentsCamden1BR,1BA$829
Aspen CourtThe Beech1BR,1BA$847
University ParkOne Bedroom1BR,1BA$850
Prairie Green Apartment Homes2 Bed 1 Bath2BR,1BA$925
808 N Lincoln Ave. Urbana, IL2 Bed / 1 Bath2BR,1BA$995
608 E ChalmersEARLY MOVE-IN AVAILABLE! Fall lease, four bed f...4BR,4BA$1,020
Element on Main2x12BR,1BA$1,050
Parkside2 Bedroom 1 Bath - 850 SF2BR,1BA$1,080
Bailey Student Apartments Available 2026!111 S Lincoln 2Br2BR,1BA$1,100

Best Value Apartments for Rent in Homer, IL and Nearby

As of May 05, 2026 the best value apartment in the Homer area is the $1.07 price per square foot 2 Bedroom/2.5 bath Model at 200 Vine St in the starting from $1,675. The second greatest value Homer apartment is the EARLY MOVE-IN AVAILABLE! Fall lease, four bed f... Model at 608 E Chalmers starting at $1,020 with a $0.77 price per square foot in the Downtown Champaign neighborhood. 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.
200 Vine St2 Bedroom/2.5 bath2BR,2BA$1.07
608 E ChalmersEARLY MOVE-IN AVAILABLE! Fall lease, four bed f...4BR,4BA$0.77
Campus OaksFloorplan A - Price per person4BR,2BA$0.75
The Linc Apartments2x22BR,2BA$0.88
University ParkTwo Bedroom2BR,1BA$1.17
808 N Lincoln Ave. Urbana, IL2 Bed / 1 Bath2BR,1BA$1.24
Element on Main2x12BR,1BA$1.31
Prairie Green Apartment Homes2 Bed 1 Bath2BR,1BA$1.19
Town & Country ApartmentsKensington1BR,1BA$1.20
Urbana Estates1x1Urbana Estates1BR,1BA$1.22

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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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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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 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 $900 at Urbana Estates.

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.