Cheap Apartments for Rent in Rankin, IL from $600 (45 Rentals)

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

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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302 W Locust St
1 Bedroom Apartments

302 W Locust St

302 W Locust StUrbana, 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.

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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.

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Willow Springs
2 Bedroom Apartments

Willow Springs

1606 Willow View RdUrbana, IL 61802
Furnished
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Rankin, IL Local Guide

Cheapest Available Rankin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Rankin, IL is a Studio unit found at Brunswick Apartments priced from $625. Parker Glen has the second lowest priced unit, which is a 3 Beds apartment currently listed from $680. Here is today’s list of the most affordable Rankin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Brunswick ApartmentsStudioStudio,1BA$625
Parker Glen3 Bedroom3BR,2BA$680
The Grove1 Bed 1 Bath1BR,1BA$726
Windcrest Apartments1 Bedroom / 1 Bathroom1BR,1BA$750
West Liberty Point2 Bedroom2BR,1BA$800
Town & Country ApartmentsDanbury1BR,1BA$823
Townway Place1 Beds, 1 Baths1BR,1BA$825
Eastland ApartmentsStudio ApartmentStudio,1BA$895
Town Center Apartments2 Bedroom 1 Bath2BR,1BA$900
Devonshire Village1 Bed 1 Bath1BR,1BA$900

Best Value Apartments for Rent in Rankin, IL and Nearby

As of July 31, 2025 the best value apartment in the Rankin area is the $0.58 price per square foot South Pointe 4bd/1.5ba Duplex w/ Carport & Bas... Model at South Pointe Commons in the starting from $1,154. The second greatest value Rankin apartment is the 2 Bedroom/2.5 bath Model at 200 Vine St starting at $1,675 with a $1.07 price per square foot . Here is today’s list of the best values for Rankin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
South Pointe CommonsSouth Pointe 4bd/1.5ba Duplex w/ Carport & Bas...4BR,1.5BA$0.58
200 Vine St2 Bedroom/2.5 bath2BR,2BA$1.07
Capstone QuartersThree Bedroom Standard3BR,3BA$0.45
Campus Circle UrbanaD24BR,4BA$0.67
Devonshire Village2 Bed 2 Bath Private Entry2BR,2BA$1.21
Campus OaksFloorplan A - Price per person4BR,2BA$0.60
Town Center Apartments2 Bedroom 1 Bath2BR,1BA$0.97
Aspen CourtThe Sugar Maple2BR,1.5BA$1.10
The Grove1 Bed 1 Bath1BR,1BA$0.97
West Liberty Point2 Bedroom2BR,1BA$1.07

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

Explore Rankin, IL Rentals by Map

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Getting Around Rankin, IL

Walk Score®

8 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

33 / 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 Rankin Apartments

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

The lowest price for a Cheap One Bedroom Rankin Apartment is $726 at The Grove.

What is the lowest price for a Cheap Two Bedroom Rankin Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Rankin is starting from $800 at West Liberty Point.

What is the most affordable Rankin Three Bedroom Apartment?

The best deal on a cheap Rankin Three Bedroom Apartment rental is at Parker Glen and starts from $680.

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.

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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.

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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.