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

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705 W Elm St
Studio to 4 Bedroom Apartments

705 W Elm St

705 W Elm StUrbana, IL 61801
  • Utilities Included
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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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Hessel on the Park
2 Bedroom Apartments

Hessel on the Park

1601-1862 Valley RdChampaign, IL 61820
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Windsor Duplexes
2 Bedroom Apartments

Windsor Duplexes

907 E Harding DrUrbana, IL 61801

Philo, IL Local Guide

Cheapest Available Philo Apartments for Rent and Nearby

 

The cheapest available apartment rental in Philo, IL is a 2 Beds unit found at Parkside priced from $1,080. 608 E Chalmers in the Downtown Champaign neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $1,170. Here is today’s list of the most affordable Philo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Parkside2 Bedroom 1 Bath - 850 SF2BR,1BA$1,080
608 E ChalmersBrand New 4 Bedroom 4 Bathroom Apartments Acros...4BR,4BA$1,170
Aspen CourtThe Sugar Maple2BR,1BA$1,200
Kobuck Apartments1202 Wesley Ave 2bd/1ba2BR,1BA$1,275
The Whitney ApartmentsCharming 2 Bed, 2 Bath – Perfect for Families o...2BR,2BA$1,294

Best Value Apartments for Rent in Philo, IL and Nearby

As of October 29, 2025 the best value apartment in the Philo 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 Philo apartment is the 2 Bedroom Villa - Attached Garage Model at Fairlawn Village starting at $1,575 with a $1.31 price per square foot . Here is today’s list of the best values for Philo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
200 Vine St2 Bedroom/2.5 bath2BR,2BA$1.07
Fairlawn Village2 Bedroom Villa - Attached Garage2BR,2BA$1.31
519 E. Green St by Bankier Apartments2 bed 2 bath - 519 E. Green St2BR,2BA$1.20
Campus OaksFloorplan A - Price per person4BR,2BA$0.65
Kobuck Apartments1202 Wesley Ave 2bd/1ba2BR,1BA$1.29
Aspen CourtThe Sugar Maple2BR,1.5BA$1.39
Parkside2 Bedroom 1 Bath 850 Premium Upgrade2BR,1BA$1.42
The Whitney Apartments2 bedroom - top floor and vaulted ceilings2BR,2BA$1.55
Lancaster Apartments3x13BR,1BA$1.18
1008 S. 4thB32BR,2BA$1.56

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Getting Around Philo, IL

Walk Score®

13 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

31 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Philo Apartments

What is the lowest price for a Cheap Two Bedroom Philo Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Philo is starting from $1,080 at Parkside.

What is the most affordable Philo Three Bedroom Apartment?

The best deal on a cheap Philo Three Bedroom Apartment rental is at The Whitney Apartments and starts from $1,419.

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.