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from $625Studio to 2 Bedroom Apartments Available Now
Brunswick Apartments
3205 Brunswick StDanville, IL 61832
Cheap Apartments for Rent in Penfield, IL from $500 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in Penfield.
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from $6491 to 2 Bedroom Apartments Available Now
Country Manor Apartments
824 E Wyman AveHoopeston, IL 60942
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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 $7501 to 2 Bedroom Apartments Contact Us For Availability
Carisbrooke Apartments
2407 Hampshire DrChampaign, IL 61820
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from $7751 to 3 Bedroom Apartments Available Jun 16
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 $7952 to 4 Bedroom Apartments Available May 29
Golfview Village
620 Willow Pond RdRantoul, IL 61866
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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 $8223 to 5 Bedroom Apartments Available Now
South Pointe Commons
200 W Frost AveRantoul, 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 $8751 Bedroom Apartments Available Aug 20
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
414 Front St
HoopestonIL60942
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502 E Harding Dr
UrbanaIL61801
1088 Eastview Dr
RantoulIL61866
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.
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515 Sheridan St
DanvilleIL61832
505 Sheridan St
DanvilleIL61832
202 S Lynn St
UrbanaIL61802
1320 McCullough St
RantoulIL61866
2006 Rainbow View
UrbanaIL61802
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1001 E Washington St
UrbanaIL61801
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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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 | $1,013 | $625 | $1,389 |
| Penfield 1 Bedroom Apartments | $1,048 | $649 | $1,679 |
| Penfield 2 Bedroom Apartments | $1,132 | $699 | $1,835 |
| Penfield 3 Bedroom Apartments | $1,115 | $795 | $1,560 |
| Penfield 4 Bedroom Apartments | $1,287 | $1,015 | $1,588 |
Browse Top Apartments in Penfield
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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 3 Beds unit found at Parker Glen priced from $525. Brunswick Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here is today’s list of the most affordable Penfield apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Parker Glen | 3 Bedroom | 3BR,2BA | $525 |
| Brunswick Apartments | Studio | Studio,1BA | $625 |
| Country Manor Apartments | 1BR/1.0BA | 1BR,1BA | $649 |
| ONYX | The Cottage | 2BR,1BA | $795 |
| Townway Place | 1 Beds, 1 Baths | 1BR,1BA | $800 |
| South Pointe Commons | South Pointe 3bd/1.5ba Townhouse | 3BR,1BA | $835 |
| Town and Country | Danbury | 1BR,1BA | $845 |
| Devonshire Village | 1 Bed 1 Bath | 1BR,1BA | $900 |
| Falcon Way Townhomes | Three Bedroom Townhome | 3BR,1BA | $927 |
| Aspen Court | The Sugar Maple | 2BR,1BA | $950 |
Best Value Apartments for Rent in Penfield, IL and Nearby
As of May 15, 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 Standar Model at Capstone Quarters starting at $565 with a $0.40 price per square foot in the Campustown IL neighborhood. 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 Standar | 3BR,3BA | $0.40 |
| Campus Circle Urbana | D2 | 4BR,4BA | $0.72 |
| Devonshire Village | 2 Bed 2 Bath Private Entry | 2BR,2BA | $1.21 |
| South Pointe Commons | South Pointe 3bd/1.5ba Townhouse | 3BR,1.5BA | $0.78 |
| Campus Oaks | Floorplan A - Price per person | 4BR,2BA | $0.60 |
| Parker Glen | 2 Bedroom | 2BR,1BA | $1.27 |
| Aspen Court | The Sugar Maple | 2BR,1.5BA | $1.10 |
| Parkside | 2 Bedroom 1 Bath - 850 SF | 2BR,1BA | $1.19 |
| Country Manor Apartments | 1BR/1.0BA | 1BR,1BA | $0.76 |
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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 $649 at Country Manor Apartments.
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 $699 at Country Manor Apartments.
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 $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.
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.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.