Cheap Apartments for Rent in Ludlow, IL from $500 (23 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

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.

close
View Me
302 W Locust St
1 Bedroom Apartments

302 W Locust St

302 W Locust StUrbana, IL 61801
close
View Me
West Liberty Point
1 Bedroom Apartments

West Liberty Point

1320 Mccullough StRantoul, IL 61866
  • Utilities Included
close
View Me
106 N Gregory St
1 Bedroom Apartments

106 N Gregory St

106 N Gregory StUrbana, IL 61801

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.

close
View Me
Willow Springs
2 Bedroom Apartments

Willow Springs

1606 Willow View RdUrbana, IL 61802
Furnished
  • Utilities Included

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 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 ListingModel NameBed/BathPriced From
Falcon Way TownhomesOne Bedroom1BR,1BA$767
Windcrest Apartments1 Bedroom / 1 Bathroom1BR,1BA$800
Golfview VillageThe McGavin3BR,1BA$830
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 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Baytowne ApartmentsNantucket2BR,2.5BA$1.23
200 Vine St2 Bedroom/2.5 bath2BR,2BA$1.07
Golfview VillageThe McGavin3BR,1.5BA$0.70
Eastland Apartments2 Bedroom2BR,2BA$1.28
South Pointe CommonsSouth Pointe 3bd/1.5ba Townhouse3BR,1.5BA$0.87
Parker Glen2 Bedroom2BR,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

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
Decorative image

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 Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Ludlow, IL Rentals by Map

View Map
Ludlow, IL Apartments Map
View Map
Ludlow, IL Rental Homes Map

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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.