40 Mahoning Ave
RantoulIL61866
Cheap Apartments for Rent in Melvin, IL from $400 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in Melvin.
close
View Me
$499 - $1,3051 to 3 Bedroom Apartments Available Now
Parker Glen
2501 N Neil StChampaign, IL 61820
close
View Me
Rent Specials
$640 - $1,1511 to 3 Bedroom Apartments Available Now
Falcon Way Townhomes
909 N Maplewood DrRantoul, IL 61866
close
View Me
$650 - $950Studio to 2 Bedroom Apartments Available Now
Windcrest Apartments
404 Edgebrook DrChampaign, IL 61820
close
View Me
$725 - $1,0501 to 3 Bedroom Apartments Available Now
Meadowview Apartments - Mahomet
2004 Middletown DrMahomet, IL 61853
close
View Me
$750 - $9302 to 4 Bedroom Apartments Available Now
Golfview Village
620 Willow Pond RdRantoul, IL 61866
close
View Me
$775 - $1,2871 to 2 Bedroom Apartments Available May 26
Westgate Apartments
1600 W Bradley AveChampaign, IL 61821
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.
close
View Me
$792 - $1,5251 to 2 Bedroom Apartments Available May 23
Town & Country Apartments
1032 Kerr Ave EUrbana, IL 61802
close
View Me
$795 - $8951 to 2 Bedroom Apartments Available Now
Phoenix Apartments of Pontiac
905 N Deerfield RdPontiac, IL 61764
close
View Me
Rent Specials
$795 - $8951 to 2 Bedroom Apartments Available Aug 19
Garden Court
1001-1021 Francis DrChampaign, IL 61821
close
View Me
$800 - $8751 Bedroom Apartments Available Now
Twin Oaks
2415-2435 W Bradley AveChampaign, IL 61821
close
View Me
$850 - $1,6001 to 3 Bedroom Apartments Available Now
Wellington Place
902 Newcastle DrChampaign, IL 61822
close
View Me
$850 - $1,1001 to 2 Bedroom Apartments Available Jun 15
Carisbrooke Apartments
2407 Hampshire DrChampaign, IL 61820
close
View Me
$850 - $9951 to 2 Bedroom Apartments Available Now
University Park
908 N Broadway AveUrbana, IL 61801
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.
close
View Me
Rent Specials
$890 - $1,9693 to 5 Bedroom Apartments Available May 22
South Pointe Commons
200 W Frost AveRantoul, IL 61866
close
View Me
$895 - $9951 to 2 Bedroom Apartments Available Now
808 N Lincoln Ave. Urbana, IL
808 N Lincoln AveUrbana, IL 61801
409 E Campbell Ave
RantoulIL61866
1088 Eastview Dr
RantoulIL61866
close
View Me
1 Bedroom Apartments
West Liberty Point
1320 Mccullough StRantoul, IL 61866
close
View Me
1 Bedroom Apartments
913 W Church St.
913 W Church StChampaign, IL 61821
418 N High St
RantoulIL61866
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.
close
View Me
2 Bedroom Apartments
Willow Springs
1606 Willow View RdUrbana, IL 61802
Showing Results 1-22, Page 1 of 1
Melvin, IL Local Guide
National, State and City flags on display by Max Pixel is licensed under Internal
How much does it cost to rent an apartment in Melvin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Melvin Studio Apartments | $862 | $650 | $1,050 |
| Melvin 1 Bedroom Apartments | $1,038 | $499 | $1,655 |
| Melvin 2 Bedroom Apartments | $1,251 | $750 | $2,345 |
| Melvin 3 Bedroom Apartments | $1,251 | $785 | $2,035 |
| Melvin 4 Bedroom Apartments | $1,397 | $635 | $1,834 |
Browse Top Apartments in Melvin
See all Apartments in MelvinExplore Melvin
Melvin, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Melvin Apartments for Rent and Nearby
The cheapest available apartment rental in Melvin, IL is a 1 Bed unit found at Parker Glen priced from $499. Falcon Way Townhomes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $721. Here is today’s list of the most affordable Melvin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Parker Glen | 1Bdrm | 1BR,1BA | $499 |
| Falcon Way Townhomes | One Bedroom | 1BR,1BA | $721 |
| Phoenix Apartments of Pontiac | One Bedroom Deluxe | 1BR,1BA | $795 |
| Twin Oaks | 2423 W. Bradley Ave | 1BR,1BA | $800 |
| Windcrest Apartments | 1 Bedroom / 1 Bathroom | 1BR,1BA | $800 |
Best Value Apartments for Rent in Melvin, IL and Nearby
As of May 21, 2026 the best value apartment in the Melvin 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 Melvin apartment is the The Cambridge Model at Nantucket Cove Apartments starting at $1,529 with a $1.24 price per square foot . Here is today’s list of the best values for Melvin apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Tuscany Ridge Townhomes | 3 Bedroom Townhome (Standard Unit) | 3BR,2.5BA | $1.08 |
| Nantucket Cove Apartments | The Cambridge | 3BR,2BA | $1.24 |
| Golfview Village | The McGavin | 3BR,1.5BA | $0.70 |
| The Linc Apartments | 2x2 | 2BR,2BA | $0.88 |
| Town Center Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.14 |
| Phoenix Apartments of Pontiac | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.05 |
| University Park | Two Bedroom | 2BR,1BA | $1.17 |
| Capstone Quarters | Two Bedroom Select | 2BR,2BA | $0.80 |
| Meadowview Apartments - Mahomet | Two Bedroom One Bathroom | 2BR,1BA | $1.03 |
| 808 N Lincoln Ave. Urbana, IL | 2 Bed / 1 Bath | 2BR,1BA | $1.28 |
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.
Read Article
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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Let everyone know!
Do you know the Melvin area?
If you’re an expert on all things Melvin, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Melvin, IL Rentals by Map
See the most popular apartments and homes in Melvin, IL
Frequently Asked Questions about Cheap Melvin Apartments
How much is rent for a Cheap One Bedroom Melvin Apartment?
The lowest price for a Cheap One Bedroom Melvin Apartment is $499 at Parker Glen.
What is the lowest price for a Cheap Two Bedroom Melvin Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Melvin is starting from $845 at Meadowview Apartments - Mahomet.
What is the most affordable Melvin Three Bedroom Apartment?
The best deal on a cheap Melvin Three Bedroom Apartment rental is at Golfview Village 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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
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.
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.
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.