
Cheap Homes for Rent in Philo, IL from $900 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Philo.


404 S Birch St

2123 Melrose Dr

409 S Anderson St

1806 S Cottage Grove Ave
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.

2503 Myers Ct

305 Hessel Blvd

3007 Flessner Rd

906 Timothy Trail

604 E Illinois St
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.

1116 Austin Dr
Philo, IL Local Guide

How much does it cost to rent a home in Philo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Philo 2 Bedroom Homes for Rent | $1,321 | $900 | $1,800 |
| Philo 3 Bedroom Homes for Rent | $1,995 | $1,395 | $3,100 |
| Philo 4 Bedroom Homes for Rent | $2,578 | $1,895 | $3,600 |
| Philo 5 Bedroom Homes for Rent | $3,200 | $2,800 | $3,600 |
Browse Top Homes for Rent in Philo
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Philo, IL Local Guide
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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 $1,009. 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 | Brand New 4 Bedroom 4 Bathroom Apartments Acros... | 4BR,4BA | $1,009 |
| Parkside | 2 Bedroom 1 Bath - 850 SF | 2BR,1BA | $1,080 |
| Kobuck Apartments | 1202 Wesley Ave 2bd/1ba | 2BR,1BA | $1,275 |
| The Whitney Apartments | Charming 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 27, 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 Floorplan A - Price per person Model at Campus Oaks starting at $650 with a $0.65 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 |
| Campus Oaks | Floorplan A - Price per person | 4BR,2BA | $0.65 |
| 519 E. Green St by Bankier Apartments | 2 bed 2 bath - 519 E. Green St | 2BR,2BA | $1.20 |
| Kobuck Apartments | 1202 Wesley Ave 2bd/1ba | 2BR,1BA | $1.29 |
| Parkside | 2 Bedroom 1 Bath 850 Premium Upgrade | 2BR,1BA | $1.42 |
| The Whitney Apartments | 2 bedroom - top floor and vaulted ceilings | 2BR,2BA | $1.55 |
| Sterling on First | 2x2 Chrome | 2BR,2BA | $1.60 |
| Lancaster Apartments | 3x1 | 3BR,1BA | $1.18 |
| 1008 S. 4th | B3 | 2BR,2BA | $1.56 |
| Aspen Court | The Beech | 1BR,1BA | $1.70 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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 ArticleThe 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
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Philo
What type of rentals are currently available in Philo?
There are currently 45 Apartments for Rent in Philo, IL with pricing that ranges from $518 to $3,360. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Philo ranging from $900 to $3,600.
What is the current price range for Rental Homes in Philo?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Philo ranges from $900 to $3,600 with an average monthly rent of $2,088.
How much are larger Three and Four Bedroom Rentals in Philo?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Philo range from $875 to $2,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,395 to $3,100. Four Bedroom Single-Family rentals are also available starting from $1,895 and Four Bedroom Apartments start at $805.
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.

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.

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.