Cheap Apartments for Rent in Paxton, IL from $400 (28 Rentals)

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

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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West Liberty Point
1 Bedroom Apartments

West Liberty Point

1320 Mccullough StRantoul, IL 61866
  • 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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106 N gregory
1 Bedroom Apartments

106 N gregory

106 N Gregory StUrbana, IL 61801

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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Showing Results 1-28, Page 1 of 1

Paxton, IL Local Guide

Cheapest Available Paxton Apartments for Rent and Nearby

 

The cheapest available apartment rental in Paxton, 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 $765. Here is today’s list of the most affordable Paxton apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Parker Glen1Bdrm1BR,1BA$499
Falcon Way TownhomesOne Bedroom1BR,1BA$765
Windcrest Apartments1 Bedroom / 1 Bathroom1BR,1BA$800
University ParkOne Bedroom1BR,1BA$850
Town & Country ApartmentsKensington1BR,1BA$854
Element on MainStudioStudio,1BA$875
Meadowview Apartments - MahometThree Bedroom Two Bathroom3BR,2BA$960
Eastland ApartmentsStudio ApartmentStudio,1BA$1,050
Town Center Apartments2 Bedroom 1 Bath2BR,1BA$1,060
202 RaceBeautiful 2BD Condo in Downtown Urbana!2BR,1BA$1,182

Best Value Apartments for Rent in Paxton, IL and Nearby

As of June 08, 2026 the best value apartment in the Paxton area is the $1.32 price per square foot Cates 3x2.5 Model at Timber Wolf and Cates Crossing in the starting from $2,160. The second greatest value Paxton apartment is the 2 Bedroom/2.5 bath Model at 200 Vine St starting at $1,675 with a $1.07 price per square foot . Here is today’s list of the best values for Paxton apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Timber Wolf and Cates CrossingCates 3x2.53BR,2.5BA$1.32
200 Vine St2 Bedroom/2.5 bath2BR,2BA$1.07
Middletown Place ApartmentsJuniper - No Garage2BR,2BA$1.19
Campus Circle UrbanaD14BR,4BA$0.65
WatersedgePacific-Level 23BR,2BA$1.30
Parker Glen2 Bdrm2BR,1BA$1.29
The Linc Apartments2x22BR,2BA$0.88
Town Center Apartments2 Bedroom 1 Bath2BR,1BA$1.14
University ParkTwo Bedroom2BR,1BA$1.17
Capstone QuartersTwo Bedroom Select2BR,2BA$0.80

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 Paxton, IL Rentals by Map

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Frequently Asked Questions about Cheap Paxton Apartments

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

The lowest price for a Cheap One Bedroom Paxton Apartment is $499 at Parker Glen.

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

Today's best deal for a Cheap Two Bedroom Apartment in Paxton is starting from $995 at University Park.

What is the most affordable Paxton Three Bedroom Apartment?

The best deal on a cheap Paxton Three Bedroom Apartment rental is at Falcon Way Townhomes and starts from $847.

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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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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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.