Cheap Apartments for Rent in Philo, IL from $600 (32 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article
close
View Me
705 W Elm St
Studio to 4 Bedroom Apartments

705 W Elm St

705 W Elm StUrbana, IL 61801
  • Utilities Included
close
View Me
302 W Locust St
1 Bedroom Apartments

302 W Locust St

302 W Locust StUrbana, IL 61801
close
View Me
Hessel on the Park
2 Bedroom Apartments

Hessel on the Park

1601-1862 Valley RdChampaign, IL 61820
  • Utilities Included

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 Article
close
View Me
Windsor Duplexes
2 Bedroom Apartments

Windsor Duplexes

907 E Harding DrUrbana, IL 61801

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.

Read Article
Showing Results 1-32, 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 Prairie Green Apartment Homes priced from $850. 608 E Chalmers in the Downtown Champaign neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $949. Here is today’s list of the most affordable Philo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Prairie Green Apartment Homes2 Bed 1 Bath2BR,1BA$850
608 E ChalmersPRICE DROP! INDIVIDUAL LEASING! Brand New 3x3s ...3BR,3BA$949
Aspen CourtThe Sugar Maple2BR,1BA$950
Parkside2 Bedroom 1 Bath - 850 SF2BR,1BA$1,080
905 W Springfield Ave2 Bed2BR,1BA$1,095
Stone Ridge Square2 Bedroom 1 Bath - 935 SF2BR,1BA$1,175
Kobuck Apartments1202 Wesley Ave 2bd/1ba2BR,1BA$1,275
Sterling on First1x1 Gold1BR,1BA$1,280
The Whitney ApartmentsCharming 2 Bed, 2 Bath – Perfect for Families o...2BR,2BA$1,294
707 W Springfield Ave707 W Springfield1BR,1BA$1,395

Best Value Apartments for Rent in Philo, IL and Nearby

As of September 13, 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 C1 Model at 1008 S. 4th starting at $1,005 with a $0.75 price per square foot in the Downtown Champaign neighborhood. 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
1008 S. 4thC13BR,2BA$0.75
608 E ChalmersPRICE DROP! INDIVIDUAL LEASING! Brand New 3x3s ...3BR,3BA$0.83
Campus OaksFloorplan A - Price per person4BR,2BA$0.60
519 E. Green St by Bankier Apartments2 bed 2 bath - 519 E. Green St2BR,2BA$1.10
Stone Ridge Square2 Bedroom 1 Bath - 935 SF2BR,1BA$1.26
Aspen CourtThe Sugar Maple2BR,1.5BA$1.10
Parkside2 Bedroom 1 Bath - 850 SF2BR,1BA$1.27
Prairie Green Apartment Homes2 Bed 1 Bath2BR,1BA$1.09
Lancaster Apartments3x13BR,1BA$0.92

Quick Rent Budget Calculator

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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Philo, IL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Philo, IL

View Map
Philo, IL Apartments Map
View Map
Philo, IL Rental Homes Map

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

How much is rent for a Cheap One Bedroom Philo Apartment?

The lowest price for a Cheap One Bedroom Philo Apartment is $1,280 at Sterling on First.

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 608 E Chalmers and starts from $949.

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 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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.