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

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

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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
Showing Results 1-20, Page 1 of 1

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

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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.

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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! 

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.