Cheap Apartments for Rent in Paxton, IL from $400 (26 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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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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West Liberty Point
1 Bedroom Apartments

West Liberty Point

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

106 N gregory

106 N Gregory StUrbana, IL 61801
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Willow Springs
2 Bedroom Apartments

Willow Springs

1606 Willow View RdUrbana, IL 61802
Furnished
  • Utilities Included

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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Showing Results 1-26, 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 2 Beds unit found at Golfview Village priced from $750. Falcon Way Townhomes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $774. Here is today’s list of the most affordable Paxton apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Golfview VillageThe Gilmore2BR,1BA$750
Falcon Way TownhomesOne Bedroom1BR,1BA$774
Windcrest Apartments1 Bedroom / 1 Bathroom1BR,1BA$800
Town & Country ApartmentsCamden1BR,1BA$843
Meadowview Apartments - MahometTwo Bedroom One Bathroom2BR,1BA$845
University ParkOne Bedroom1BR,1BA$850
Element on MainStudioStudio,1BA$875
808 N Lincoln Ave2 Bed / 1 Bath2BR,1BA$995
Town Center Apartments2 Bedroom 1 Bath2BR,1BA$1,060
202 RaceBeautiful 2BD Condo in Downtown Urbana! Availab...2BR,1BA$1,182

Best Value Apartments for Rent in Paxton, IL and Nearby

As of April 23, 2026 the best value apartment in the Paxton 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 Paxton apartment is the Juniper Model at Middletown Place Apartments starting at $1,760 with a $1.24 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.
200 Vine St2 Bedroom/2.5 bath2BR,2BA$1.07
Middletown Place ApartmentsJuniper2BR,2BA$1.24
WatersedgePacific-Level 23BR,2BA$1.29
Golfview VillageThe Gilmore2BR,1.5BA$0.75
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
Meadowview Apartments - MahometTwo Bedroom One Bathroom2BR,1BA$1.03
808 N Lincoln Ave2 Bed / 1 Bath2BR,1BA$1.24

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 Paxton, IL Rentals by Map

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See the most popular apartments and homes in Paxton, IL

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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 $774 at Falcon Way Townhomes.

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 $750 at Golfview Village.

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 $797.

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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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.

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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.