1903 N Lincoln Ave
UrbanaIL61801
Cheap Homes for Rent in Homer, IL from $600 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Homer.
904 N Broadway Ave
UrbanaIL61801
1605 N Willow Rd
UrbanaIL61801
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.
1210 Lanore Dr
UrbanaIL61802
710 E University Ave
UrbanaIL61802
908 Gregory Dr
UrbanaIL61801
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.
Showing Results 1-6, Page 1 of 1
Homer, IL Local Guide
Sunrise over field by Claire Y. Martin is licensed under CC BY 2.0
How much does it cost to rent a home in Homer?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Homer 2 Bedroom Homes for Rent | $1,371 | $1,050 | $1,950 |
| Homer 3 Bedroom Homes for Rent | $1,910 | $1,100 | $3,000 |
| Homer 4 Bedroom Homes for Rent | $2,278 | $2,000 | $2,600 |
| Homer 5 Bedroom Homes for Rent | $3,850 | $3,850 | $3,850 |
| Homer 7 Bedroom Homes for Rent | $6,000 | $6,000 | $6,000 |
Browse Top Homes for Rent in Homer
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Homer, IL Local Guide
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Cheapest Available Homer Apartments for Rent and Nearby
The cheapest available apartment rental in Homer, IL is a 1 Bed unit found at Bailey Student Apartments Available 2026! priced from $750. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bailey Student Apartments Available 2026! | 901 W Springfield | 1BR,1BA | $750 |
| Urbana Estates | 1x1Urbana Estates | 1BR,1BA | $800 |
| Aspen Court | The Beech | 1BR,1BA | $847 |
Best Value Apartments for Rent in Homer, IL and Nearby
As of April 27, 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 Fall lease, four bed four bath apartment in Qua... Model at 608 E Chalmers starting at $1,060 with a $0.80 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 200 Vine St | 2 Bedroom/2.5 bath | 2BR,2BA | $1.07 |
| 608 E Chalmers | Fall lease, four bed four bath apartment in Qua... | 4BR,4BA | $0.80 |
| Campus Oaks | Floorplan A - Price per person | 4BR,2BA | $0.75 |
| The Linc Apartments | 2x2 | 2BR,2BA | $0.88 |
| Parkside | 2 Bedroom 1 Bath 850 SF Upgrade | 2BR,1BA | $1.42 |
| University Park | Two Bedroom | 2BR,1BA | $1.17 |
| 808 N Lincoln Ave. Urbana, IL | 2 Bed / 1 Bath | 2BR,1BA | $1.24 |
| Prairie Green Apartment Homes | 2 Bed 1 Bath | 2BR,1BA | $1.19 |
| Urbana Estates | 1x1Urbana Estates | 1BR,1BA | $1.22 |
| The Atrium | Single (shared common area) | 1BR,1BA | $1.33 |
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.
Read Article
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 ArticleThe 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.
Read ArticleCash 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.
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.
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Explore Homer, IL Rentals by Map
See the most popular apartments and homes in Homer, IL
Frequently Asked Questions about Homer
What type of rentals are currently available in Homer?
There are currently 46 Apartments for Rent in Homer, IL with pricing that ranges from $635 to $3,360. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Homer ranging from $625 to $6,000.
What is the current price range for Rental Homes in Homer?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Homer ranges from $625 to $6,000 with an average monthly rent of $2,733.
How much are larger Three and Four Bedroom Rentals in Homer?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Homer range from $785 to $2,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $3,000. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $635.
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
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.
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.
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.
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.