Cheap Apartments for Rent in Mahomet, IL from $500 (18 Rentals)

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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

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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Parker Glen
1 to 3 Bedroom Apartments

Parker Glen

2501 N Neil StChampaign, IL 61820

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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Barrington
1 Bedroom Apartments

Barrington

2541-2553 W Springfield AveChampaign, IL 61821
  • Utilities Included
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Wellington Place
1 to 3 Bedroom Apartments

Wellington Place

902 Newcastle DrChampaign, IL 61822
  • Utilities Included
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1001 Francis Dr
1 to 2 Bedroom Apartments

1001 Francis Dr

1001-1021 Francis DrChampaign, IL 61821
  • Utilities Included
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508 W White St
1 to 3 Bedroom Apartments

508 W White St

508 W White StChampaign, IL 61820

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.

Mahomet, IL Local Guide

Cheapest Available Mahomet Apartments for Rent and Nearby

 

The cheapest available apartment rental in Mahomet, IL is a 3 Beds unit found at Parker Glen priced from $525. Clark Street in the Downtown Champaign neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Mahomet apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Parker Glen3 Bedroom3BR,2BA$525
Clark StreetThe Lewis1BR,1BA$750
Windcrest Apartments1 Bedroom / 1 Bathroom1BR,1BA$775
Twin Oaks2423 W. Bradley Ave1BR,1BA$800
Park Vista2 Bedroom + Office2BR,1BA$895

Best Value Apartments for Rent in Mahomet, IL and Nearby

As of October 23, 2025 the best value apartment in the Mahomet area is the $1.17 price per square foot 3 Bedroom Townhome (Remodeled) Model at Tuscany Ridge Townhomes in the starting from $1,495. The second greatest value Mahomet apartment is the The Erving Model at Nantucket Cove Apartments starting at $1,489 with a $1.20 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.
Tuscany Ridge Townhomes3 Bedroom Townhome (Remodeled)3BR,2.5BA$1.17
Nantucket Cove ApartmentsThe Erving3BR,3BA$1.20
The Cove At Boulder Ridge3 Bedroom 2 bath3BR,2BA$1.25
Town Center Apartments3 Bedroom 2 Bath3BR,2BA$1.01
Windsor West ApartmentsRichmond2BR,2BA$1.45
Solace of Mahomet2 bedroom/2 bath (2.0)2BR,2BA$1.47
Stonegate Village by Royse + BrinkmeyerThe Topaz2BR,1.5BA$1.30
Park VistaThree Bedroom (Remodeled)3BR,1BA$1.16
Twin Oaks2423 W. Bradley Ave1BR,1BA$1.45
Windcrest Apartments1 Bedroom / 1 Bathroom1BR,1BA$1.44

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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.

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

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Getting Around Mahomet, IL

Walk Score®

28 / 100

Car-Dependent

Most errands require a car

Bike Score®

34 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 $750 at Clark Street.

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 $755 at Clark Street.

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 $525.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.