Cheap Apartments for Rent in Illiopolis, IL from $400 (60 Rentals)

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

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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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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Butler Place
2 Bedroom Apartments

Butler Place

3100 Butler StSpringfield, IL 62703
  • Utilities Included
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Pine Woods Apartments
1 to 3 Bedroom Apartments

Pine Woods Apartments

1665 Seven Pines RdSpringfield, IL 62704
  • 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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Illiopolis, IL Local Guide

Cheapest Available Illiopolis Apartments for Rent and Nearby

 

The cheapest available apartment rental in Illiopolis, IL is a 1 Bed unit found at Lincoln Senior Flats priced from $400. RESERVE AT LAKEVIEW has the second lowest priced unit, which is a 1 Bed apartment currently listed from $421. Here is today’s list of the most affordable Illiopolis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lincoln Senior Flats1 Bed 1 Bath1BR,1BA$400
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$421
Roosevelt School ApartmentsStudioStudio,1BA$502
Stones Crossing ApartmentsNice one bedroom efficiency apartment1BR,1BA$600
Whispering Pines Apartments1 Bed, 1 Bath - Essential1BR,1BA$600
Safe Harbor PropertiesStudioStudio,1BA$730
Cobblestone ApartmentsCobblestone 1BD1BR,1BA$750
Oakwood EstatesTwo Bedroom One Bath2BR,1BA$785
Brainard Landings2 x 2 Phase 12BR,2BA$800
Lake Pointe ApartmentsOne Bedroom1BR,1BA$860

Best Value Apartments for Rent in Illiopolis, IL and Nearby

As of May 04, 2026 the best value apartment in the Illiopolis area is the $0.92 price per square foot 3BR/1.5BA Model at Decatur Flats Apartments in the starting from $1,199. The second greatest value Illiopolis apartment is the 2 x 2 Phase 1 Model at Brainard Landings starting at $800 with a $0.77 price per square foot . Here is today’s list of the best values for Illiopolis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Decatur Flats Apartments3BR/1.5BA3BR,1.5BA$0.92
Brainard Landings2 x 2 Phase 12BR,2BA$0.77
CandlesB12BR,1.5BA$1.13
The Boulevard TownhomesTownhouse2BR,1.5BA$1.04
Oakwood EstatesTwo Bedroom One Bath2BR,1BA$0.87
Lincoln Senior Flats2 Bed 1 Bath2BR,1BA$0.97
Cobblestone ApartmentsCobblestone 2BD2BR,1BA$1.06
2474 N Florian102BR,1.5BA$1.13
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$0.69
Stones Crossing ApartmentsVery nice and updated one bedroom for rent!!!!!1BR,1BA$1.16

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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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 Illiopolis, IL Rentals by Map

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See the most popular apartments and homes in Illiopolis, IL

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Frequently Asked Questions about Cheap Illiopolis Apartments

What is the Cheapest Studio apartment in Illiopolis?

Currently the most affordable Cheap Studio Apartment in Illiopolis is at Roosevelt School Apartments listed at $502.

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

The lowest price for a Cheap One Bedroom Illiopolis Apartment is $400 at Lincoln Senior Flats.

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

Today's best deal for a Cheap Two Bedroom Apartment in Illiopolis is starting from $725 at Whispering Pines Apartments.

What is the most affordable Illiopolis Three Bedroom Apartment?

The best deal on a cheap Illiopolis Three Bedroom Apartment rental is at Candles and starts from $1,117.

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.