Cheap Homes for Rent in Mahomet, IL from $925 (13 Rentals)

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

property at 407 Franklin St
$925

Total Monthly Price

Base Rent$925

Total Monthly Price$925
2 Bedroom, 1.5 Bath Condo for Rent
Available Oct 1
Cost Per Sq.Ft.

407 Franklin St, Unit 2

407 Franklin St
MahometIL61853
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property at 108 N Elm St
$950

Total Monthly Price

Base Rent$950

Total Monthly Price$950
2 Bedroom, 1.5 Bath Townhome for Rent
Available Oct 16
Cost Per Sq.Ft.

108 N Elm St

MahometIL61853
property at 701 N Prairieview Rd
$1,345

Total Monthly Price

Base Rent$1,345

Total Monthly Price$1,345
2 Bedroom, 2 Bath Condo for Rent
Available Now
Furnished

701 N Prairieview Rd, Unit 8

701 N Prairieview Rd
MahometIL61853
  • Smoke Free

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.

property at 306 Windwood Ct
$1,475

Total Monthly Price

Base Rent$1,475

Total Monthly Price$1,475
3 Bedroom, 2.5 Bath Townhome for Rent
Available Nov 1

306 Windwood Ct

MahometIL61853

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.

Mahomet, IL Local Guide

Best Value Homes for Rent in Mahomet, IL

As of September 22, 2026 the best value rental home in the Mahomet area is the $1.15 price per square foot 1306 S Roberto Rd Model at 1306 S Roberto Rd starting from $3,500. The second greatest value Mahomet rental home is the 1203 Windwood Ln Model at 1203 Windwood Ln starting at $1,750 with a $0.95 price per square foot. Here is today’s list of the best values for Mahomet homes based on price per square foot:

Home ListingModel NameBed/BathPrice Per Sq.Ft.
1306 S Roberto Rd1306 S Roberto Rd4BR, 3BA$1.15
1203 Windwood Ln1203 Windwood Ln3BR, 2.5BA$0.95
701 N Prairieview Rd, Unit 8701 N Prairieview Rd2BR, 2BA$1.35

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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Frequently Asked Questions about Mahomet

What type of rentals are currently available in Mahomet?

There are currently 64 Apartments for Rent in Mahomet, IL with pricing that ranges from $533 to $2,684. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mahomet ranging from $925 to $4,400.

What is the current price range for Rental Homes in Mahomet?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Mahomet ranges from $925 to $4,400 with an average monthly rent of $2,119.

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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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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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.

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

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.