Cheap Apartments for Rent in Paxton, IL from $500 (20 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

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.

close
View Me
Parker Glen
1 to 3 Bedroom Apartments

Parker Glen

2501 N Neil StChampaign, IL 61820
close
View Me
1001 Francis Dr
1 to 2 Bedroom Apartments

1001 Francis Dr

1001-1021 Francis DrChampaign, IL 61821
  • 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.

close
View Me
Willow Springs
2 Bedroom Apartments

Willow Springs

1606 Willow View RdUrbana, IL 61802
Furnished
  • Utilities Included

Paxton, IL Local Guide

Cheapest Available Paxton Apartments for Rent and Nearby

 

The cheapest available apartment rental in Paxton, IL is a 3 Beds unit found at Parker Glen priced from $525. Falcon Way Townhomes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $646. Here is today’s list of the most affordable Paxton apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Parker Glen3 Bedroom3BR,2BA$525
Falcon Way TownhomesOne Bedroom1BR,1BA$646
Windcrest Apartments1 Bedroom / 1 Bathroom1BR,1BA$775
West Liberty Point2 Bedroom2BR,1BA$800
Town & Country ApartmentsDanbury1BR,1BA$818

Best Value Apartments for Rent in Paxton, IL and Nearby

As of October 24, 2025 the best value apartment in the Paxton area is the $0.63 price per square foot The Palmer Model at Golfview Village in the starting from $1,040. 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.
Golfview VillageThe Palmer4BR,2.5BA$0.63
200 Vine St2 Bedroom/2.5 bath2BR,2BA$1.07
Nantucket Cove ApartmentsThe Erving3BR,3BA$1.20
Town Center Apartments3 Bedroom 2 Bath3BR,2BA$1.01
Eastland Apartments2 Bedroom2BR,2BA$1.19
South Pointe CommonsSouth Pointe 3bd/1.5ba Townhouse3BR,1.5BA$0.82
Capstone QuartersTwo Bedroom Standard2BR,2BA$0.71
West Liberty Point2 Bedroom2BR,1BA$1.07
University ParkOne Bedroom1BR,1BA$1.14
The AtriumSingle (shared common area)1BR,1BA$1.33

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

Explore Paxton, IL Rentals by Map

View Map
Paxton, IL Apartments Map
View Map
Paxton, IL Rental Homes Map

Getting Around Paxton, IL

Walk Score®

56 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

48 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 $646 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 $800 at West Liberty Point.

What is the most affordable Paxton Three Bedroom Apartment?

The best deal on a cheap Paxton Three Bedroom Apartment rental is at Parker Glen and starts from $525.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.