Cheap Apartments for Rent in Mahomet, IL from $533 (50 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Colony Court
$1,135 - $1,285

Total Monthly Price

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

Colony Court

502 S Mattis AveChampaign, IL 61821
Pet Friendly
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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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605 Univerisity
1 Bedroom Apartments

605 Univerisity

605 W University AveChampaign, IL 61820
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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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Wellington Place
1 to 3 Bedroom Apartments

Wellington Place

902 Newcastle DrChampaign, IL 61822
  • Utilities Included
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Copper View Apartments
1 to 3 Bedroom Apartments

Copper View Apartments

2002 W Bradley AveChampaign, IL 61821
  • 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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Parkview Apartments
1 Bedroom Apartments

Parkview Apartments

412 W Church StChampaign, IL 61820
Student Housing
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2414 N Neil
1 to 2 Bedroom Apartments

2414 N Neil

2414 N Neil StChampaign, IL 61820
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512 W Clark St.
1 Bedroom Apartments

512 W Clark St.

512 W Clark StChampaign, IL 61820
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305 W Washington
1 to 2 Bedroom Apartments

305 W Washington

305 W Washington StChampaign, IL 61820
Student Housing
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301 W. University Ave
Studio to 1 Bedroom Apartments

301 W. University Ave

301 W University AveChampaign, IL 61820
Student Housing
  • Utilities Included

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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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 $533. 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$533
Twin Oaks2423 W. Bradley Ave1BR,1BA$800
Windcrest Apartments1 Bedroom / 1 Bathroom1BR,1BA$800
Town Center Apartments3 Bedroom 2 Bath3BR,2BA$830
Garden Court2 Bed / 1.5 Bath2BR,1BA$850
Park VistaTwo Bedroom2BR,1BA$925
Colonial VillageCharleston2BR,1BA$950
Stonegate Village by Royse + BrinkmeyerThe Jade1BR,1BA$1,070
611 W University Ave1 Bed, 1 Bath1BR,1BA$1,100
Castle Property Services2 Bedroom2BR,1BA$1,150

Best Value Apartments for Rent in Mahomet, IL

As of September 11, 2026 the best value apartment in the Mahomet area is the $1.36 price per square foot Pacific-Level 2 Model at Watersedge in the starting from $1,820. 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.
WatersedgePacific-Level 23BR,2BA$1.36
Tuscany Ridge Townhomes3 Bedroom Townhome (Standard Unit)3BR,2.5BA$1.08
Town Center Apartments3 Bedroom 2 Bath3BR,2BA$0.70
Prestwick Point Apartments2-Bedroom, 2-Bath Unit!2BR,2BA$1.27
Prairieview Rd 307 North2BR/1.0BA2BR,1BA$1.18
Park VistaThree Bedroom (Remodeled)3BR,1BA$1.31
Colonial VillageCharleston2BR,1BA$1.03
Garden Court2 Bed / 1.5 Bath2BR,1.5BA$1.03
Stonegate Village by Royse + BrinkmeyerThe Jade1BR,1.5BA$1.44
Parker Glen1Bdrm1BR,1BA$0.72

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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!

Explore Mahomet, IL Rentals by Map

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See the most popular apartments and homes in Mahomet, IL

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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 $533 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 $629 at Parker Glen.

What is the most affordable Mahomet Three Bedroom Apartment?

The best deal on a cheap Mahomet Three Bedroom Apartment rental is at Parker Glen and starts from $714.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.