
Cheap Apartments for Rent in Ludlow, IL from $500 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in Ludlow.


40 Mahoning Ave

Windcrest Apartments

Falcon Way Townhomes

Meadowview Apartments - Mahomet

Golfview Village

Westgate Apartments
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.

Town & Country Apartments

Garden Court

Carisbrooke Apartments

University Park

Element on Main

808 N Lincoln Ave

409 E Campbell Ave
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.

635 E Grove Ave

1903 N Lincoln Ave

302 W Locust St

1088 Eastview Dr

West Liberty Point

106 N Gregory St

904 N Broadway Ave
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.

Willow Springs

207 E Clark St
Ludlow, IL Local Guide

How much does it cost to rent an apartment in Ludlow?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Ludlow Studio Apartments | $1,155 | $650 | $1,449 |
| Ludlow 1 Bedroom Apartments | $1,223 | $550 | $1,999 |
| Ludlow 2 Bedroom Apartments | $1,271 | $750 | $2,626 |
| Ludlow 3 Bedroom Apartments | $1,283 | $814 | $2,000 |
| Ludlow 4 Bedroom Apartments | $1,365 | $785 | $1,934 |
Browse Top Apartments in Ludlow
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Ludlow, IL Local Guide
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Cheapest Available Ludlow Apartments for Rent and Nearby
 The cheapest available apartment rental in Ludlow, IL is a 1 Bed unit found at Falcon Way Townhomes priced from $767. Windcrest Apartments in the Downtown Champaign neighborhood 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 Ludlow apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Falcon Way Townhomes | One Bedroom | 1BR,1BA | $767 |
| Windcrest Apartments | 1 Bedroom / 1 Bathroom | 1BR,1BA | $800 |
| Golfview Village | The McGavin | 3BR,1BA | $830 |
| Meadowview Apartments - Mahomet | Two Bedroom One Bathroom | 2BR,1BA | $845 |
| University Park | One Bedroom | 1BR,1BA | $850 |
Best Value Apartments for Rent in Ludlow, IL and Nearby
As of March 17, 2026 the best value apartment in the Ludlow area is the $1.23 price per square foot Nantucket Model at Baytowne Apartments in the starting from $2,345. The second greatest value Ludlow apartment is the 2 Bedroom/2.5 bath Model at 200 Vine St starting at $1,675 with a $1.07 price per square foot . Here is today’s list of the best values for Ludlow apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Baytowne Apartments | Nantucket | 2BR,2.5BA | $1.23 |
| 200 Vine St | 2 Bedroom/2.5 bath | 2BR,2BA | $1.07 |
| Golfview Village | The McGavin | 3BR,1.5BA | $0.70 |
| Eastland Apartments | 2 Bedroom | 2BR,2BA | $1.28 |
| South Pointe Commons | South Pointe 3bd/1.5ba Townhouse | 3BR,1.5BA | $0.87 |
| Parker Glen | 2 Bedroom | 2BR,1BA | $1.29 |
| Town Center Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.14 |
| University Park | Two Bedroom | 2BR,1BA | $1.17 |
| Capstone Quarters | Two Bedroom Select | 2BR,2BA | $0.80 |
| Meadowview Apartments - Mahomet | Two Bedroom One Bathroom | 2BR,1BA | $1.03 |
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 ArticleDon'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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Ludlow, IL Rentals by Map
See the most popular apartments and homes in Ludlow, IL
Frequently Asked Questions about Cheap Ludlow Apartments
What is the Cheapest Studio apartment in Ludlow?
Currently the most affordable Cheap Studio Apartment in Ludlow is at Element on Main listed at $875.
How much is rent for a Cheap One Bedroom Ludlow Apartment?
The lowest price for a Cheap One Bedroom Ludlow Apartment is $767 at Falcon Way Townhomes.
What is the lowest price for a Cheap Two Bedroom Ludlow Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Ludlow is starting from $845 at Meadowview Apartments - Mahomet.
What is the most affordable Ludlow Three Bedroom Apartment?
The best deal on a cheap Ludlow Three Bedroom Apartment rental is at Falcon Way Townhomes and starts from $814.
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

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.