Cheap Apartments for Rent in Mahomet, IL from $400 (48 Rentals)

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

property at 703 Prairie View Rd

$1,345

Total Monthly Price

Total Monthly Price

Base Rent
$1,345
Total Monthly Price
$1,345

2 Bedroom, 2 Bath Condo for Rent

Available Jun 12

703 Prairie View Rd, Unit 3, Unit 3

703 Prairie View Rd
MahometIL61853
property at 701 N Prairieview Rd

$1,345

Total Monthly Price

Total Monthly Price

Base Rent
$1,345
Total Monthly Price
$1,345

2 Bedroom, 2 Bath Condo for Rent

Available Jun 12

701 N Prairieview Rd, Unit 5, Unit 5

701 N Prairieview Rd
MahometIL61853
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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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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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508 W White St
1 to 3 Bedroom Apartments

508 W White St

508 W White StChampaign, IL 61820

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.

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Copper View Apartments
1 to 3 Bedroom Apartments

Copper View Apartments

2002 W Bradley AveChampaign, IL 61821
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-48, Page 1 of 1

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 Twin Oaks priced from $800. 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 Mahomet apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Twin Oaks2423 W. Bradley Ave1BR,1BA$800
Windcrest Apartments1 Bedroom / 1 Bathroom1BR,1BA$800
Meadowview Apartments - MahometTwo Bedroom One Bathroom2BR,1BA$845
Wellington Place1 Bedroom on the 1st floor1BR,1BA$850
Park Vista2 Bedroom + Office2BR,1BA$895
Town Center Apartments2 Bedroom 1 Bath2BR,1BA$1,060
Stonegate Village by Royse + BrinkmeyerThe Sandstone2BR,1BA$1,110
Lincolnshire West1 Bedroom Upper Premium1BR,1BA$1,150
Tuscany Ridge Townhomes2 Bedroom Townhome2BR,2BA$1,195
The Cove At Boulder Ridge2 bedroom 2 bath2BR,2BA$1,200

Best Value Apartments for Rent in Mahomet, IL

As of April 27, 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 Pacific-Level 2 Model at Watersedge starting at $1,730 with a $1.29 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
WatersedgePacific-Level 23BR,2BA$1.29
Tuscany Ridge Townhomes2 Bedroom Townhome2BR,2.5BA$1.00
Prestwick Point ApartmentsImmediate Move-in : 2-Bedroom 2-Bath Unit!2BR,2BA$1.16
The Cove At Boulder Ridge2 bedroom 2 bath2BR,2BA$1.09
Parker Glen2 Bedroom2BR,1BA$1.29
Stonegate Village by Royse + BrinkmeyerThe Sandstone- Remodeled2BR,1.5BA$1.25
Town Center Apartments2 Bedroom 1 Bath2BR,1BA$1.14
Meadowview Apartments - MahometTwo Bedroom One Bathroom2BR,1BA$1.03
Wellington Place1 Bedroom on the 1st floor1BR,1BA$1.35

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.

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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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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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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 Mahomet Apartments

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

The lowest price for a Cheap One Bedroom Mahomet Apartment is $800 at Twin Oaks.

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 $845 at Meadowview Apartments - Mahomet.

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

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.