close
View Me
Cheap Apartments for Rent in Philo, IL from $500 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in Philo.
close
View Me
$675 - $8751 to 3 Bedroom Apartments Contact Us For Availability
Urbana Estates
1004 S Smith RdUrbana, IL 61802
close
View Me
Rent Specials
$750 - $2,0001 to 4 Bedroom Apartments Available Now
Bailey Student Apartments Available 2026!
911 W Springfield AveUrbana, IL 61801
close
View Me
$800 - $1,300Studio to 3 Bedroom Apartments Contact Us For Availability
Element on Main
502 W Main StUrbana, IL 61801
close
View Me
$8002 Bedroom Apartments Contact Us For Availability
Philo Estates Apartments
2007-2011 Philo RdUrbana, IL 61802
close
View Me
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.
close
View Me
$850 - $1,1751 to 3 Bedroom Apartments Available Jan 1, 2026
Prairie Green Apartment Homes
2502 Prairie Green DrUrbana, IL 61802
close
View Me
close
View Me
$1,025 - $1,3252 Bedroom Apartments Contact Us For Availability
Colony West
31 Colony West DrChampaign, IL 61820
close
View Me
$1,070 - $1,5101 to 3 Bedroom Apartments Available Now
Stone Ridge Square
1714 E Colorado AveUrbana, IL 61802
close
View Me
409 S Anderson St
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.
close
View Me
close
View Me
1613 Lyndhurst W Dr
SavoyIL61874
close
View Me
1 to 3 Bedroom Apartments
Michigan East - Campus Property Management
404 E Michigan AveUrbana, IL 61801
close
View Me
202 S Lynn St
UrbanaIL61802
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.
close
View Me
2008 Vawter St
UrbanaIL61801
close
View Me
close
View Me
1002 E Willard St
UrbanaIL61801
close
View Me
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
close
View Me
1605 Lyndhurst Dr
SavoyIL61874
904 E Fairlawn Dr
UrbanaIL61801
Showing Results 1-27, Page 1 of 1
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 | $1,775 | $800 | $2,290 |
| Philo 1 Bedroom Apartments | $1,169 | $675 | $2,280 |
| Philo 2 Bedroom Apartments | $1,327 | $518 | $2,600 |
| Philo 3 Bedroom Apartments | $1,458 | $875 | $3,000 |
| Philo 4 Bedroom Apartments | $1,435 | $835 | $3,800 |
Browse Top Apartments in Philo
See all Apartments in PhiloExplore Philo
Philo, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Philo Apartments for Rent and Nearby
The cheapest available apartment rental in Philo, IL is a 1 Bed unit found at Aspen Court priced from $825. 608 E Chalmers in the Downtown Champaign neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $1,060. Here is today’s list of the most affordable Philo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Aspen Court | The Beech | 1BR,1BA | $825 |
| 608 E Chalmers | Fall lease, four bed four bath apartment in Qua... | 4BR,4BA | $1,060 |
| Parkside | 2 Bedroom 1 Bath - 850 SF | 2BR,1BA | $1,080 |
| Stone Ridge Square | 2 Bedroom 2 Bath - 980 SF | 2BR,2BA | $1,250 |
| Sterling on First | 2x2 Chrome | 2BR,2BA | $1,329 |
| The Whitney Apartments | Charming 2 Bed, 2 Bath – Perfect for Families o... | 2BR,2BA | $1,375 |
| Bailey Student Apartments Available 2026! | 1010 Springfield | 3BR,2BA | $1,500 |
| 200 Vine St | 2 Bedroom/2.5 bath | 2BR,2BA | $1,675 |
| The Cottages at Lake Falls | Cottage | 2BR,2BA | $2,600 |
| Smile Student Living - 615 S Wright | 3-bedroom/3-bathroom | 3BR,3BA | $2,900 |
Best Value Apartments for Rent in Philo, IL and Nearby
As of December 14, 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 bed 2 bath - 519 E. Green St Model at 519 E. Green St by Bankier Apartments starting at $1,150 with a $1.15 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 200 Vine St | 2 Bedroom/2.5 bath | 2BR,2BA | $1.07 |
| 519 E. Green St by Bankier Apartments | 2 bed 2 bath - 519 E. Green St | 2BR,2BA | $1.15 |
| Campus Oaks | Floorplan A - Price per person | 4BR,2BA | $0.75 |
| Stone Ridge Square | 2 Bedroom 2 Bath - 980 SF | 2BR,2BA | $1.28 |
| Parkside | 2 Bedroom 1 Bath 850 Premium Upgrade | 2BR,1BA | $1.42 |
| The Whitney Apartments | 2 bedroom - top floor and vaulted ceilings | 2BR,2BA | $1.64 |
| Sterling on First | 2x2 Chrome | 2BR,2BA | $1.60 |
| Lancaster Apartments | 3x1 | 3BR,1BA | $1.19 |
| 1008 S. 4th | B3 | 2BR,2BA | $1.56 |
| Aspen Court | The Beech | 1BR,1BA | $1.70 |
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 ArticleQuick 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.
Let everyone know!
Do you know the Philo area?
If you’re an expert on all things Philo, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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
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 $825 at Aspen Court.
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 Aspen Court and starts from $1,378.
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
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.