Cheap Apartments for Rent near Mansfield, IL from $500 (47 Rentals)

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

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

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
Affordability
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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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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
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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

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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305 W Washington
1 to 2 Bedroom Apartments

305 W Washington

305 W Washington StChampaign, IL 61820
Student Housing

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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Showing Results 1-47, Page 1 of 1

Mansfield, IL Local Guide

Cheapest Available Mansfield Apartments for Rent and Nearby

 

The cheapest available apartment rental in Mansfield, 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 Mansfield 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
Wellington Place1 Bedroom on the 1st floor1BR,1BA$900
Colonial VillageCharleston2BR,1BA$950
Southwest Apartments1902 Karen Ct2BR,1BA$950
Park VistaOne Bedroom1BR,1BA$975
Stonegate Village by Royse + BrinkmeyerThe Sandstone2BR,1BA$1,110
Prairieview Rd 307 NorthThe Mahomet Life2BR,1BA$1,165

Best Value Apartments for Rent in Mansfield, IL and Nearby

As of July 29, 2026 the best value apartment in the Mansfield area is the $1.08 price per square foot 3 Bedroom Townhome (Standard Unit) Model at Tuscany Ridge Townhomes in the starting from $1,375. The second greatest value Mansfield apartment is the The Erving Model at Nantucket Cove Apartments starting at $1,579 with a $1.28 price per square foot . Here is today’s list of the best values for Mansfield apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Tuscany Ridge Townhomes3 Bedroom Townhome (Standard Unit)3BR,2.5BA$1.08
Nantucket Cove ApartmentsThe Erving3BR,3BA$1.28
Town Center Apartments3 Bedroom 2 Bath3BR,2BA$0.70
WatersedgeAtlantic-Level 22BR,2BA$1.30
Prestwick Point Apartments2-Bedroom, 2-Bath Unit!2BR,2BA$1.27
Colony CourtThree Bedroom3BR,1BA$1.19
Stonegate Village by Royse + BrinkmeyerThe Sandstone2BR,1.5BA$1.15
Park VistaThree Bedroom (Remodeled)3BR,1BA$1.31
Colonial VillageCharleston2BR,1BA$1.03
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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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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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!

Explore Mansfield, IL Rentals by Map

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See the most popular apartments and homes in Mansfield, IL

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Frequently Asked Questions about Cheap Mansfield Apartments

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

The lowest price for a Cheap One Bedroom Mansfield Apartment is $533 at Parker Glen.

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

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

What is the most affordable Mansfield Three Bedroom Apartment?

The best deal on a cheap Mansfield Three Bedroom Apartment rental is at Town Center Apartments and starts from $830.

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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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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.