40 Mahoning Ave
RantoulIL61866
Cheap Homes for Rent in Penfield, IL from $400 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Penfield.
635 E Grove Ave
RantoulIL61866
1903 N Lincoln Ave
UrbanaIL61801
1002 W Williams St
DanvilleIL61832
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.
212 W Letchworth St
RantoulIL61866
1320 Yakel St
RantoulIL61866
103 W Clark St
ThomasboroIL61878
904 N Broadway Ave
UrbanaIL61801
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.
Showing Results 1-8, 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 a home in Penfield?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penfield 2 Bedroom Homes for Rent | $1,050 | $425 | $1,750 |
| Penfield 3 Bedroom Homes for Rent | $1,982 | $1,200 | $2,500 |
| Penfield 4 Bedroom Homes for Rent | $1,890 | $1,400 | $2,750 |
| Penfield 5 Bedroom Homes for Rent | $2,420 | $2,420 | $2,420 |
Browse Top Homes for Rent in Penfield
Explore 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 3 Beds unit found at Parker Glen priced from $605. Townway Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. 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 | $605 |
| Townway Place | 1 Beds, 1 Baths | 1BR,1BA | $795 |
| Urbana Estates | 1x1Urbana Estates | 1BR,1BA | $800 |
Best Value Apartments for Rent in Penfield, IL and Nearby
As of February 25, 2026 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 2 Bed 2 Bath Private Entry Model at Devonshire Village starting at $1,450 with a $1.21 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 |
| Devonshire Village | 2 Bed 2 Bath Private Entry | 2BR,2BA | $1.21 |
| Golfview Village | The McGavin | 3BR,1.5BA | $0.70 |
| Falcon Way Townhomes | Three Bedroom Townhome | 3BR,1BA | $0.74 |
| Campus Oaks | Floorplan A - Price per person | 4BR,2BA | $0.75 |
| Town Center Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.14 |
| University Park | Two Bedroom | 2BR,1BA | $1.17 |
| Capstone Quarters | Two Bedroom Select | 2BR,2BA | $0.80 |
| 808 N Lincoln Ave | 2 Bed / 1 Bath | 2BR,1BA | $1.24 |
| Urbana Estates | 1x1Urbana Estates | 1BR,1BA | $1.22 |
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
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 ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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See the most popular apartments and homes in Penfield, IL
Frequently Asked Questions about Penfield
What type of rentals are currently available in Penfield?
There are currently 39 Apartments for Rent in Penfield, IL with pricing that ranges from $518 to $1,845. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Penfield ranging from $425 to $2,750.
What is the current price range for Rental Homes in Penfield?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Penfield ranges from $425 to $2,750 with an average monthly rent of $1,645.
How much are larger Three and Four Bedroom Rentals in Penfield?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Penfield range from $811 to $1,430, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $785.
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
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.
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.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.