414 Front St
HoopestonIL60942
Cheap Apartments for Rent in Penfield, IL from $600 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in Penfield.
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from $625Studio to 2 Bedroom Apartments Available Now
Brunswick Apartments
3205 Brunswick StDanville, IL 61832
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from $6521 to 3 Bedroom Apartments Available Now
Falcon Way Townhomes
909 N Maplewood DrRantoul, IL 61866
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from $6751 to 3 Bedroom Apartments Contact Us For Availability
Urbana Estates
1004 S Smith RdUrbana, IL 61802
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from $7001 to 2 Bedroom Apartments Available Now
West Liberty Point
1320 Mccullough StRantoul, IL 61866
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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from $7751 to 3 Bedroom Apartments Available Aug 1
Prairie Green Apartment Homes
2502 Prairie Green DrUrbana, IL 61802
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from $787Studio to 3 Bedroom Apartments Contact Us For Availability
Element on Main
502 W Main StUrbana, IL 61801
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from $8102 to 4 Bedroom Apartments Available Jul 20
Golfview Village
620 Willow Pond RdRantoul, IL 61866
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from $8251 to 2 Bedroom Apartments Available Aug 10
University Park
908 N Broadway AveUrbana, IL 61801
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from $8451 to 2 Bedroom Apartments Available Aug 20
808 N Lincoln Ave
808 N Lincoln AveUrbana, IL 61801
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from $8501 to 2 Bedroom Apartments Contact Us For Availability
Carisbrooke Apartments
2407 Hampshire DrChampaign, IL 61820
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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from $8563 to 5 Bedroom Apartments Available Now
South Pointe Commons
200 W Frost AveRantoul, IL 61866
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from $8721 to 2 Bedroom Apartments Available Now
Town & Country Apartments
1032 Kerr Ave EUrbana, IL 61802
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from $8751 Bedroom Apartments Contact Us For Availability
211 N Central Ave
211 N Central AveUrbana, IL 61801
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from $9001 to 2 Bedroom Apartments Available Now
Devonshire Village
3514 Cambridge CtDanville, IL 61832
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from $9002 to 3 Bedroom Apartments Available Now
Town Center Apartments
2413 N Neil StChampaign, IL 61820
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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from $950Studio to 2 Bedroom Apartments Available Now
Eastland Apartments
1905 N Cunningham AveUrbana, IL 61802
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202 S Lynn St
UrbanaIL61802
418 N High St
RantoulIL61866
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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
904 N Broadway Ave
UrbanaIL61801
Showing Results 1-25, Page 1 of 1
Penfield, IL Local Guide
Maple's during fall by Amanda Landers is licensed under CC BY 2.0
How much does it cost to rent an apartment in Penfield?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penfield Studio Apartments | $1,033 | $625 | $1,409 |
| Penfield 1 Bedroom Apartments | $964 | $652 | $1,689 |
| Penfield 2 Bedroom Apartments | $1,155 | $775 | $1,822 |
| Penfield 3 Bedroom Apartments | $1,182 | $810 | $1,748 |
| Penfield 4 Bedroom Apartments | $1,282 | $1,030 | $1,718 |
Browse Top Apartments in Penfield
See all Apartments in PenfieldExplore Penfield
Penfield, IL Local Guide
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Cheapest Available Penfield Apartments for Rent and Nearby
The cheapest available apartment rental in Penfield, IL is a Studio unit found at Brunswick Apartments priced from $625. Parker Glen has the second lowest priced unit, which is a 3 Beds apartment currently listed from $680. Here is today’s list of the most affordable Penfield apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Brunswick Apartments | Studio | Studio,1BA | $625 |
| Parker Glen | 3 Bedroom | 3BR,2BA | $680 |
| West Liberty Point | 1 Bedroom | 1BR,1BA | $700 |
| Townway Place | 1 Beds, 1 Baths | 1BR,1BA | $795 |
| Town & Country Apartments | Kensington | 1BR,1BA | $899 |
Best Value Apartments for Rent in Penfield, IL and Nearby
As of July 14, 2025 the best value apartment in the Penfield 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 Penfield apartment is the Three Bedroom Standard Model at Capstone Quarters starting at $625 with a $0.45 price per square foot . Here is today’s list of the best values for Penfield apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 200 Vine St | 2 Bedroom/2.5 bath | 2BR,2BA | $1.07 |
| Capstone Quarters | Three Bedroom Standard | 3BR,3BA | $0.45 |
| Campus Circle Urbana | D2 | 4BR,4BA | $0.72 |
| Devonshire Village | 2 Bed 2 Bath Private Entry | 2BR,2BA | $1.21 |
| Falcon Way Townhomes | Three Bedroom Townhome | 3BR,1BA | $0.86 |
| South Pointe Commons | South Pointe 3bd/1.5ba Townhouse | 3BR,1.5BA | $0.82 |
| Campus Oaks | Floorplan A - Price per person | 4BR,2BA | $0.60 |
| Town Center Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $0.97 |
| Aspen Court | The Sugar Maple | 2BR,1.5BA | $1.10 |
| West Liberty Point | 1 Bedroom | 1BR,1BA | $1.17 |
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See the most popular apartments and homes in Penfield, IL
Penfield, IL Apartments MapPenfield, IL Rental Homes MapFrequently Asked Questions about Cheap Penfield Apartments
How much is rent for a Cheap One Bedroom Penfield Apartment?
The lowest price for a Cheap One Bedroom Penfield Apartment is $700 at West Liberty Point.
What is the lowest price for a Cheap Two Bedroom Penfield Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Penfield is starting from $800 at Townway Place.
What is the most affordable Penfield Three Bedroom Apartment?
The best deal on a cheap Penfield Three Bedroom Apartment rental is at Parker Glen and starts from $680.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.