Cheap Apartments for Rent in Mahomet, IL from $400 (62 Rentals)

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

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Lake of the Woods
1 to 3 Bedroom Apartments

Lake of the Woods

307 N Prairie View RdMahomet, IL 61853
  • Utilities Included

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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Colony Court
$1,135 - $1,285
Total Monthly Price

Total Monthly Price

Base Rent
$1,135 - $1,285
Total Monthly Price
$1,135 - $1,285
2 to 3 Bedroom Apartments Available Now

Colony Court

502 S Mattis AveChampaign, IL 61821
Pet Friendly
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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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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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913 W Church St.
1 Bedroom Apartments

913 W Church St.

913 W Church StChampaign, IL 61821
  • Utilities Included
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Barrington
1 Bedroom Apartments

Barrington

2541-2553 W Springfield AveChampaign, IL 61821
Corporate Housing
  • Utilities Included
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Clark Street
1 to 2 Bedroom Apartments

Clark Street

307-312 W Clark StChampaign, IL 61820
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508 W White St
1 to 3 Bedroom Apartments

508 W White St

508 W White StChampaign, IL 61820
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Copper View Apartments
1 to 3 Bedroom Apartments

Copper View Apartments

2002 W Bradley AveChampaign, IL 61821
  • Utilities Included

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Mahomet, IL Local Guide

Cheapest Available Mahomet Apartments for Rent

 

The cheapest available apartment rental in Mahomet, IL is a 1 Bed unit found at Parker Glen priced from $499. Twin Oaks 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 Mahomet apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Parker Glen1Bdrm1BR,1BA$499
Twin Oaks2423 W. Bradley Ave1BR,1BA$800
Windcrest Apartments1 Bedroom / 1 Bathroom1BR,1BA$800
Wellington Place1 Bedroom on the 1st floor1BR,1BA$900
Colonial VillageCharleston2BR,1BA$950
Meadowview Apartments - MahometThree Bedroom Two Bathroom3BR,2BA$960
Town Center Apartments2 Bedroom 1 Bath2BR,1BA$1,060
Park VistaTwo Bedroom2BR,1BA$1,075
Stonegate VillageThe Sandstone2BR,1BA$1,110
The Brickstone2x1-8622BR,1BA$1,145

Best Value Apartments for Rent in Mahomet, IL

As of June 12, 2026 the best value apartment in the Mahomet area is the $1.24 price per square foot Juniper Model at Middletown Place Apartments in the starting from $1,760. The second greatest value Mahomet apartment is the 3 Bedroom Townhome (Standard Unit) Model at Tuscany Ridge Townhomes starting at $1,375 with a $1.08 price per square foot . Here is today’s list of the best values for Mahomet apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Middletown Place ApartmentsJuniper2BR,2BA$1.24
Tuscany Ridge Townhomes3 Bedroom Townhome (Standard Unit)3BR,2.5BA$1.08
Nantucket Cove ApartmentsThe Erving3BR,3BA$1.29
Prestwick Point Apartments2-Bedroom, 2-Bath Unit!2BR,2BA$1.27
Meadowview Apartments - MahometThree Bedroom Two Bathroom3BR,2BA$0.87
Colony CourtThree Bedroom3BR,1BA$1.19
Parker Glen2 Bdrm2BR,1BA$1.29
Stonegate VillageThe Sandstone - Unique2BR,1.5BA$1.24
Town Center Apartments2 Bedroom 1 Bath2BR,1BA$1.14
Colonial VillageCharleston2BR,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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Mahomet Apartments

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

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

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

Today's best deal for a Cheap Two Bedroom Apartment in Mahomet is starting from $950 at Colonial Village.

What is the most affordable Mahomet Three Bedroom Apartment?

The best deal on a cheap Mahomet 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

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

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.