Cheap Apartments for Rent in Melvin, IL from $400 (35 Rentals)

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

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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University Park
$850 - $995
Total Monthly Price

Total Monthly Price

Base Rent
$805 - $950
Required Monthly Fees
$45
Total Monthly Price
$850 - $995
1 to 2 Bedroom Apartments Available Now

University Park

908 N Broadway AveUrbana, IL 61801
Pet Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included

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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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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West Liberty Point
1 Bedroom Apartments

West Liberty Point

1320 Mccullough StRantoul, IL 61866
  • Utilities Included
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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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Willow Springs
2 Bedroom Apartments

Willow Springs

1606 Willow View RdUrbana, IL 61802
Furnished
  • 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 1-35, Page 1 of 1

Melvin, IL Local Guide

Cheapest Available Melvin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Melvin, IL is a 4 Beds unit found at The Linc Apartments priced from $675. Golfview Village has the second lowest priced unit, which is a 2 Beds apartment currently listed from $750. Here is today’s list of the most affordable Melvin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Linc Apartments4x44BR,4BA$675
Golfview VillageThe Gilmore2BR,1BA$750
Falcon Way TownhomesOne Bedroom1BR,1BA$769
Phoenix Apartments of PontiacOne Bedroom Deluxe1BR,1BA$795
Twin Oaks2423 W. Bradley Ave1BR,1BA$800
Windcrest Apartments1 Bedroom / 1 Bathroom1BR,1BA$800
Meadowview Apartments - MahometTwo Bedroom One Bathroom2BR,1BA$845
University ParkOne Bedroom1BR,1BA$850
Wellington Place1 Bedroom on the 1st floor1BR,1BA$850
Town & Country ApartmentsKensington1BR,1BA$894

Best Value Apartments for Rent in Melvin, IL and Nearby

As of April 05, 2026 the best value apartment in the Melvin area is the $1.00 price per square foot 2 Bedroom Townhome Model at Tuscany Ridge Townhomes in the starting from $1,195. The second greatest value Melvin apartment is the 2 bedroom 2 bath Model at The Cove At Boulder Ridge starting at $1,200 with a $1.09 price per square foot . Here is today’s list of the best values for Melvin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Tuscany Ridge Townhomes2 Bedroom Townhome2BR,2.5BA$1.00
The Cove At Boulder Ridge2 bedroom 2 bath2BR,2BA$1.09
South Pointe CommonsSouth Pointe 3bd/1.5ba Townhouse3BR,1.5BA$0.90
Golfview VillageThe Gilmore2BR,1.5BA$0.75
The Linc Apartments2x22BR,2BA$0.88
Park VistaThree Bedroom (Remodeled)3BR,1BA$1.16
Town Center Apartments2 Bedroom 1 Bath2BR,1BA$1.14
Phoenix Apartments of Pontiac2 Bedroom 1 Bathroom2BR,1BA$1.05
Capstone QuartersTwo Bedroom Select2BR,2BA$0.80
Meadowview Apartments - MahometTwo Bedroom One Bathroom2BR,1BA$1.03

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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Quick 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.

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

Explore Melvin, IL Rentals by Map

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See the most popular apartments and homes in Melvin, IL

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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 $769 at Falcon Way Townhomes.

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 $750 at Golfview Village.

What is the most affordable Melvin Three Bedroom Apartment?

The best deal on a cheap Melvin Three Bedroom Apartment rental is at The Linc Apartments and starts from $785.

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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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.

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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.