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$6994 Bedroom Apartments Available Now
1002SEC
1002 S 2nd StChampaign, IL 61820
Cheap Apartments for Rent in Philo, IL from $400 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in Philo.
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$775 - $1,1751 to 3 Bedroom Apartments Available Now
Prairie Green Apartment Homes
2502 Prairie Green DrUrbana, IL 61802
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$800 - $1,0501 to 3 Bedroom Apartments Available Now
Urbana Estates
1004 S Smith RdUrbana, IL 61802
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$8252 Bedroom Apartments Contact Us For Availability
Philo Estates Apartments
2007-2011 Philo RdUrbana, IL 61802
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$825 - $1,3001 to 2 Bedroom Apartments Available Now
Kobuck Apartments
1203 Wesley AveSavoy, IL 61874
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$875 - $1,300Studio to 3 Bedroom Apartments Available Now
Element on Main
502 W Main StUrbana, IL 61801
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Rent Specials
$1,080 - $1,2102 Bedroom Apartments Available Now
Parkside
1205 E Florida AveUrbana, IL 61801
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$1,095 - $1,3431 to 2 Bedroom Apartments Available Now
202 Race
202 N Race StUrbana, IL 61801
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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$1,130 - $1,6152 Bedroom Apartments Available Aug 7
Fairlawn Village
300 E Fairlawn DrUrbana, IL 61801
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$1,210 - $1,4731 to 3 Bedroom Apartments Available Jun 19
Stone Ridge Square
1714 E Colorado AveUrbana, IL 61802
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$1,250
Total Monthly Price
2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,250
Total Monthly Price
$1,250
Colony West
31 Colony West DrChampaign, IL 61820
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$1,280 - $1,5291 to 4 Bedroom Apartments Available Jul 7
Sterling on First
117 Sterling CtSavoy, IL 61874
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$1,300 - $1,5501 to 2 Bedroom Apartments Available Jul 17
The Courtyards @ Prairie Fields
109 Hampshire RdSavoy, IL 61874
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$1,389 - $1,4592 to 3 Bedroom Apartments Available Now
The Whitney Apartments
1601 E Florida AveUrbana, IL 61802
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Studio to 4 Bedroom Apartments
705 W Elm St
705 W Elm StUrbana, IL 61801
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1 Bedroom Apartments
302 W Locust St
302 W Locust StUrbana, IL 61801
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.
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1 to 3 Bedroom Apartments
Michigan East - Campus Property Management
404 E Michigan AveUrbana, IL 61801
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2 Bedroom Apartments
Hessel on the Park
1601-1862 Valley RdChampaign, IL 61820
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1 Bedroom Apartments
106 N gregory
106 N Gregory StUrbana, IL 61801
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1 to 2 Bedroom Apartments
Silver St./Philo Rd/Fletcher St
1302 Silver StUrbana, IL 61801
1605 N Willow Rd
UrbanaIL61801
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1 Bedroom Apartments
211 N Central
211 N Central AveUrbana, IL 61801
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2 Bedroom Apartments
Windsor Duplexes
907 E Harding DrUrbana, IL 61801
1306 E Michigan Ave
UrbanaIL61801
Cash 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.
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1 to 3 Bedroom Apartments
Aspen Court
1557 S Hunter StUrbana, IL 61802
904 N Broadway Ave
UrbanaIL61801
807 E Park St
UrbanaIL61802
1002 Harding Dr
UrbanaIL61801
108 S 5th St
ChampaignIL61820
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Studio to 4 Bedroom Apartments
608 E Chalmers
608 E Chalmers StChampaign, IL 61820
906 E Harding Dr
UrbanaIL61801
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1 Bedroom Apartments
307 & 311 W. Birch
307-311 Birch StChampaign, IL 61820
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.
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1 to 2 Bedroom Apartments
State & Cedar
1407 S State StChampaign, IL 61820
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1 to 2 Bedroom Apartments
1003 W Stoughton
1003 W Stoughton StUrbana, IL 61801
1004 W Hill St
UrbanaIL61801
711 S Lynn St
UrbanaIL61801
1617 Lyndhurst W Dr
SavoyIL61874
1920 Melrose Dr
ChampaignIL61820
1109 Austin Dr
UrbanaIL61802
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2 to 4 Bedroom Apartments
905 W Springfield Ave
905 W Springfield AveUrbana, IL 61801
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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1 to 3 Bedroom Apartments
208 N Harvey
208 N Harvey StUrbana, IL 61801
310 Cottage Ct
ChampaignIL61820
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Philo, IL Local Guide
Pizza, midwest style by David Woo is licensed under CC BY 2.0
How much does it cost to rent an apartment in Philo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Philo Studio Apartments | $1,803 | $875 | $2,290 |
| Philo 1 Bedroom Apartments | $1,305 | $800 | $1,975 |
| Philo 2 Bedroom Apartments | $1,338 | $825 | $2,645 |
| Philo 3 Bedroom Apartments | $1,552 | $905 | $2,900 |
| Philo 4 Bedroom Apartments | $1,846 | $699 | $3,800 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Philo
See all Apartments in PhiloExplore Philo
Philo, IL Local Guide
- Nearby Cities
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Cheapest Available Philo Apartments for Rent and Nearby
The cheapest available apartment rental in Philo, IL is a 4 Beds unit found at 305JOH in the Downtown Champaign neighborhood priced from $499. 1002SEC in the Downtown Champaign neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $699. Here is today’s list of the most affordable Philo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 305JOH | Spacious 4 Bed/3 Bath Apartment on the corner o... | 4BR,3BA | $499 |
| 1002SEC | Fall 2026 Leasing – 4-Bedroom, 2-Bath | 4BR,2BA | $699 |
| Urbana Estates | 1x1Urbana Estates | 1BR,1BA | $800 |
| Kobuck Apartments | 1204 Wesley Ave 1bd/1ba | 1BR,1BA | $825 |
| Prairie Green Apartment Homes | 2 x 1 | 2BR,1BA | $850 |
| Element on Main | Studio | Studio,1BA | $875 |
| Aspen Court | The Sugar Maple | 2BR,1BA | $985 |
| Parkside | 2 Bedroom 1 Bath - 850 SF | 2BR,1BA | $1,080 |
| Bailey Student Apartments Available 2026! | 111 S Lincoln 2Br | 2BR,1BA | $1,100 |
| 202 Race | Beautiful 2BD Condo in Downtown Urbana! | 2BR,1BA | $1,182 |
Best Value Apartments for Rent in Philo, IL and Nearby
As of June 13, 2026 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 Unit Model at Park Place starting at $1,405 with a $1.00 price per square foot . Here is today’s list of the best values for Philo 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 |
| Park Place | 2 Bedroom Unit | 2BR,2BA | $1.00 |
| The Dean Campustown | B3 XL | 2BR,2BA | $1.63 |
| Campus Oaks | Floorplan A - Price per person | 4BR,2BA | $0.75 |
| Colony West | 2BR/1BA Condo | 2BR,1BA | $1.39 |
| Parkside | 2 Bedroom 1 Bath 850 SF Upgrade | 2BR,1BA | $1.42 |
| Prairie Green Apartment Homes | 2 x 1 | 2BR,1BA | $1.02 |
| 202 Race | Beautiful 2BD Condo in Downtown Urbana! | 2BR,1BA | $1.44 |
| Kobuck Apartments | 1203 Wesley Ave 1bd/1ba | 1BR,1BA | $1.58 |
| 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.
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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Philo, IL Rentals by Map
See the most popular apartments and homes in Philo, IL
Frequently Asked Questions about Cheap Philo Apartments
How much is rent for a Cheap One Bedroom Philo Apartment?
The lowest price for a Cheap One Bedroom Philo Apartment is $800 at Urbana Estates.
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 $850 at Prairie Green Apartment Homes.
What is the most affordable Philo Three Bedroom Apartment?
The best deal on a cheap Philo Three Bedroom Apartment rental is at Urbana Estates and starts from $1,000.
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
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.