Cheap Apartments for Rent near Murdock, IL from $400 (30 Rentals)

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

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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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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Rider Place
1 to 3 Bedroom Apartments

Rider Place

9 Wills PlArcola, IL 61910
  • Utilities Included
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Hessel on the Park
2 Bedroom Apartments

Hessel on the Park

1601-1862 Valley RdChampaign, IL 61820
  • Utilities Included

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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1905 12th St
1 to 3 Bedroom Apartments

1905 12th St

1905 12th StCharleston, IL 61920
Student Housing
  • Utilities Included
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Windsor Duplexes
2 Bedroom Apartments

Windsor Duplexes

907 E Harding DrUrbana, IL 61801

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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608 E Chalmers
Studio to 4 Bedroom Apartments

608 E Chalmers

608 E Chalmers StChampaign, IL 61820
Student Housing
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Murdock, IL Local Guide

Cheapest Available Murdock Apartments for Rent and Nearby

 

The cheapest available apartment rental in Murdock, IL is a 1 Bed unit found at Arthur Ave Apartments priced from $610. OldeTowne Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $719. Here is today’s list of the most affordable Murdock apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Arthur Ave Apartments1x11BR,1BA$610
OldeTowne Apartments2 Bed/1.5 Bath2BR,1BA$719
Urbana Estates1x1Urbana Estates1BR,1BA$800
2008 S Vawter St4 Beds4BR,2BA$800
Kobuck Apartments1204 Wesley Ave 1bd/1ba1BR,1BA$825
Southwest Apartments1902 Karen Ct2BR,1BA$950
Campus Pointe Apartments2 Bedroom 2 Bathroom2BR,2BA$1,000
Fairlawn Village1 Bedroom Standard1BR,1BA$1,000
The Courtyard2 Bed 1 Bath2BR,1BA$1,050
Parkside2 Bedroom 1 Bath - 850 SF2BR,1BA$1,080

Best Value Apartments for Rent in Murdock, IL and Nearby

As of July 29, 2026 the best value apartment in the Murdock area is the $0.99 price per square foot 3 Bed 2.5 Bath Model at Panther Heights in the starting from $1,380. The second greatest value Murdock apartment is the 3 Bedroom 3 Bathroom Model at Campus Pointe Apartments starting at $1,500 with a $1.26 price per square foot . Here is today’s list of the best values for Murdock apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Panther Heights3 Bed 2.5 Bath3BR,2.5BA$0.99
Campus Pointe Apartments3 Bedroom 3 Bathroom3BR,3BA$1.26
2008 S Vawter St3 Beds3BR,1BA$1.05
Campus OaksFloorplan A - Price per person4BR,2BA$0.75
The Courtyard3 Bed 1 Bath3BR,1BA$1.27
Colony West2BR/1BA Condo2BR,1BA$1.39
Royal HeightsRoyal Heights 2 Bed w/ Study & 1.5 Bath3BR,1.5BA$0.38
Parkside2 Bedroom 1 Bath 850 SF Upgrade2BR,1BA$1.42
Urbana Estates1x1Urbana Estates1BR,1BA$1.22
Arthur Ave Apartments1x11BR,1BA$0.97

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 Murdock, IL Rentals by Map

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See the most popular apartments and homes in Murdock, IL

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Frequently Asked Questions about Cheap Murdock Apartments

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

The lowest price for a Cheap One Bedroom Murdock Apartment is $610 at Arthur Ave Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Murdock is starting from $719 at OldeTowne Apartments.

What is the most affordable Murdock Three Bedroom Apartment?

The best deal on a cheap Murdock Three Bedroom Apartment rental is at OldeTowne Apartments and starts from $799.

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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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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.