Cheap Apartments for Rent in Ludlow, IL from $400 (20 Rentals)

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

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.

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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West Liberty Point
1 Bedroom Apartments

West Liberty Point

1320 Mccullough StRantoul, IL 61866
  • Utilities Included

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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106 N gregory
1 Bedroom Apartments

106 N gregory

106 N Gregory StUrbana, IL 61801

Ludlow, IL Local Guide

Cheapest Available Ludlow Apartments for Rent and Nearby

 

The cheapest available apartment rental in Ludlow, IL is a 1 Bed unit found at Parker Glen priced from $499. Falcon Way Townhomes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $742. Here is today’s list of the most affordable Ludlow apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Parker Glen1Bdrm1BR,1BA$499
Falcon Way TownhomesOne Bedroom1BR,1BA$742
Windcrest Apartments1 Bedroom / 1 Bathroom1BR,1BA$800
Meadowview Apartments - MahometTwo Bedroom One Bathroom2BR,1BA$845
University ParkOne Bedroom1BR,1BA$850

Best Value Apartments for Rent in Ludlow, IL and Nearby

As of June 15, 2026 the best value apartment in the Ludlow 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 Ludlow apartment is the Juniper Model at Middletown Place Apartments starting at $1,760 with a $1.24 price per square foot . Here is today’s list of the best values for Ludlow apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
200 Vine St2 Bedroom/2.5 bath2BR,2BA$1.07
Middletown Place ApartmentsJuniper2BR,2BA$1.24
Campus Circle UrbanaD14BR,4BA$0.65
WatersedgePacific-Level 23BR,2BA$1.30
The Linc Apartments3x33BR,3BA$0.69
Parker Glen2 Bdrm2BR,1BA$1.29
Town Center Apartments2 Bedroom 1 Bath2BR,1BA$1.14
University ParkTwo Bedroom2BR,1BA$1.17
Capstone QuartersTwo Bedroom Select2BR,2BA$0.80
Meadowview Apartments - MahometTwo Bedroom One Bathroom2BR,1BA$1.03

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

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!

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Frequently Asked Questions about Cheap Ludlow Apartments

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

The lowest price for a Cheap One Bedroom Ludlow Apartment is $499 at Parker Glen.

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 Meadowview Apartments - Mahomet and starts from $960.

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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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.