Cheap Apartments for Rent in Newman, IL from $400 (45 Rentals)

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

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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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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Rider Place
1 to 3 Bedroom Apartments

Rider Place

9 Wills PlArcola, IL 61910
  • Utilities Included

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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705 W Elm St
Studio to 4 Bedroom Apartments

705 W Elm St

705 W Elm StUrbana, IL 61801
Corporate Housing
  • Utilities Included
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302 W Locust St
1 Bedroom Apartments

302 W Locust St

302 W Locust StUrbana, IL 61801
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Aspen Court
1 to 3 Bedroom Apartments

Aspen Court

1557 S Hunter StUrbana, IL 61802
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202 E Crockett
2 Bedroom Apartments

202 E Crockett

202 Crockett StCatlin, IL 61817

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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Windsor Duplexes
2 Bedroom Apartments

Windsor Duplexes

907 E Harding DrUrbana, IL 61801
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608 E Chalmers
Studio to 4 Bedroom Apartments

608 E Chalmers

608 E Chalmers StChampaign, IL 61820
Student Housing

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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Newman, IL Local Guide

Cheapest Available Newman Apartments for Rent and Nearby

 

The cheapest available apartment rental in Newman, IL is a 1 Bed unit found at OldeTowne Apartments priced from $629. Urbana Estates 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 Newman apartments for rent:

Apartment ListingModel NameBed/BathPriced From
OldeTowne Apartments1 Bed/1 Bath1BR,1BA$629
Urbana Estates1x1Urbana Estates1BR,1BA$800
Kobuck Apartments1204 Wesley Ave 1bd/1ba1BR,1BA$825
Campus Suites1 Bed 1 Bath1BR,1BA$830
Prairie Green Apartment Homes2 x 12BR,1BA$850
Element on MainStudioStudio,1BA$875
1905 12th St2BDR2BR,1BA$920
608 E ChalmersEARLY MOVE-IN AVAILABLE! Fall lease, four bed f...4BR,4BA$1,020
The Courtyard2 Bed 1 Bath2BR,1BA$1,050
Parkside2 Bedroom 1 Bath - 850 SF2BR,1BA$1,080

Best Value Apartments for Rent in Newman, IL and Nearby

As of May 08, 2026 the best value apartment in the Newman area is the $1.07 price per square foot 2 Bedroom/2.5 bath Model at 200 Vine St in the starting from $1,675. The second greatest value Newman apartment is the 3 Bed 2.5 Bath Model at Panther Heights starting at $1,380 with a $0.99 price per square foot . Here is today’s list of the best values for Newman apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
200 Vine St2 Bedroom/2.5 bath2BR,2BA$1.07
Panther Heights3 Bed 2.5 Bath3BR,2.5BA$0.99
608 E ChalmersEARLY MOVE-IN AVAILABLE! Fall lease, four bed f...4BR,4BA$0.77
Prairie Green Apartment Homes3 x 23BR,2BA$1.03
Campus OaksFloorplan A - Price per person4BR,2BA$0.75
The Courtyard3 Bed 1 Bath3BR,1BA$1.27
Royal HeightsRoyal Heights 2 Bed w/ Study & 1.5 Bath3BR,1.5BA$0.38
Aspen CourtThe Sugar Maple2BR,1.5BA$1.39
Urbana Estates1x1Urbana Estates1BR,1BA$1.22
Campus Suites1 Bed 1 Bath1BR,1BA$1.38

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 Newman, IL Rentals by Map

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See the most popular apartments and homes in Newman, IL

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Frequently Asked Questions about Cheap Newman Apartments

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

The lowest price for a Cheap One Bedroom Newman Apartment is $629 at OldeTowne Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Newman is starting from $850 at Prairie Green Apartment Homes.

What is the most affordable Newman Three Bedroom Apartment?

The best deal on a cheap Newman 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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

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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.

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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.

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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.