Cheap Apartments for Rent in Penfield, IL from $600 (29 Rentals)

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

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Parker Glen
1 to 3 Bedroom Apartments

Parker Glen

2501 N Neil StChampaign, IL 61820
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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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Willow Springs
2 Bedroom Apartments

Willow Springs

1606 Willow View RdUrbana, IL 61802
Furnished
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Showing Results 1-29, Page 1 of 1

Penfield, IL Local Guide

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. Falcon Way Townhomes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $676. Here is today’s list of the most affordable Penfield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Brunswick ApartmentsStudioStudio,1BA$625
Falcon Way TownhomesOne Bedroom1BR,1BA$676
Parker Glen3 Bedroom3BR,2BA$680
West Liberty Point2 Bedroom2BR,1BA$800
University ParkOne Bedroom1BR,1BA$825
South Pointe CommonsSouth Pointe 3bd/1.5ba Townhouse3BR,1BA$841
Townway Place1 Beds, 1 Baths1BR,1BA$850
Town & Country ApartmentsCamden1BR,1BA$859
Devonshire Village1 Bed 1 Bath1BR,1BA$900
Aspen CourtThe Sugar Maple2BR,1BA$950

Best Value Apartments for Rent in Penfield, IL and Nearby

As of October 14, 2025 the best value apartment in the Penfield 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 Penfield 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 Penfield 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
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$0.80
Campus OaksFloorplan A - Price per person4BR,2BA$0.65
Capstone QuartersTwo Bedroom Standard2BR,2BA$0.71
Aspen CourtThe Sugar Maple2BR,1.5BA$1.10
West Liberty Point2 Bedroom2BR,1BA$1.07
University ParkOne Bedroom1BR,1BA$1.14

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Frequently 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 $676 at Falcon Way Townhomes.

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 West Liberty Point.

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.