1124 N Walnut St
DanvilleIL61832
Cheap Homes for Rent in Rankin, IL from $400 (22 Rentals)
Search the lowest-cost Homes available for rent right now in Rankin.
104.5 S Buchanan St
DanvilleIL61832
1307 Lape St
DanvilleIL61832
526 E Main St
HoopestonIL60942
630 South St
DanvilleIL61832
425 N Vermilion St
DanvilleIL61832
206-A California
DanvilleIL61832
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.
1206.5 Robinson St
DanvilleIL61832
1012 May St
DanvilleIL61832
409 E Campbell Ave
RantoulIL61866
5 Grace St
DanvilleIL61832
1434 N Walnut St
DanvilleIL61832
1088 Eastview Dr
RantoulIL61866
418 N High St
RantoulIL61866
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.
1206 Robinson St
DanvilleIL61832
625.5 Commercial St
DanvilleIL61832
18 Indiana St
DanvilleIL61832
136 S Griffin St
DanvilleIL61832
917 E Seminary St
DanvilleIL61832
426 W Maple St
HoopestonIL60942
1117 N Gilbert St
DanvilleIL61832
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.
612 South St
DanvilleIL61832
Showing Results 1-22, Page 1 of 1
Rankin, IL Local Guide
Pizza, midwest style by David Woo is licensed under CC BY 2.0
How much does it cost to rent a home in Rankin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Rankin 2 Bedroom Homes for Rent | $772 | $550 | $1,100 |
| Rankin 3 Bedroom Homes for Rent | $1,430 | $850 | $2,250 |
| Rankin 4 Bedroom Homes for Rent | $1,080 | $895 | $1,195 |
| Rankin 7 Bedroom Homes for Rent | $1,000 | $1,000 | $1,000 |
Browse Top Homes for Rent in Rankin
Explore Rankin
Rankin, IL Local Guide
- Nearby Cities
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Cheapest Available Rankin Apartments for Rent and Nearby
The cheapest available apartment rental in Rankin, IL is a 1 Bed unit found at Parker Glen priced from $499. Waterview Estates has the second lowest priced unit, which is a 1 Bed apartment currently listed from $730. Here is today’s list of the most affordable Rankin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Parker Glen | 1Bdrm | 1BR,1BA | $499 |
| Waterview Estates | 1x1Waterview Estates | 1BR,1BA | $730 |
| The Verander | 1Br | 1BR,1BA | $732 |
| Urbana Estates | 1x1Urbana Estates | 1BR,1BA | $800 |
| Windcrest Apartments | 1 Bedroom / 1 Bathroom | 1BR,1BA | $800 |
Best Value Apartments for Rent in Rankin, IL and Nearby
As of June 21, 2026 the best value apartment in the Rankin 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 Rankin apartment is the D1 Model at Campus Circle Urbana starting at $919 with a $0.65 price per square foot in the Downtown Champaign neighborhood. Here is today’s list of the best values for Rankin 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 Circle Urbana | D1 | 4BR,4BA | $0.65 |
| The Linc Apartments | 3x3 | 3BR,3BA | $0.69 |
| Devonshire Village | 2 Bed 2 Bath Sm Apt | 2BR,2BA | $1.09 |
| Falcon Way Townhomes | Three Bedroom Townhome | 3BR,1BA | $0.73 |
| South Pointe Commons | South Pointe 3bd/1.5ba Townhouse | 3BR,1.5BA | $0.88 |
| Townway Place | 2 Beds, 1 Baths | 2BR,1BA | $1.03 |
| Campus Oaks | Floorplan A - Price per person | 4BR,2BA | $0.75 |
| Capstone Quarters | Two Bedroom Select | 2BR,2BA | $0.80 |
| Waterview Estates | 1x1Waterview Estates | 1BR,1BA | $1.09 |
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
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.
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.
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Explore Rankin, IL Rentals by Map
See the most popular apartments and homes in Rankin, IL
Frequently Asked Questions about Rankin
What type of rentals are currently available in Rankin?
There are currently 40 Apartments for Rent in Rankin, IL with pricing that ranges from $499 to $2,700. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rankin ranging from $475 to $2,250.
What is the current price range for Rental Homes in Rankin?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Rankin ranges from $475 to $2,250 with an average monthly rent of $890.
How much are larger Three and Four Bedroom Rentals in Rankin?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Rankin range from $605 to $2,035, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $2,250. Four Bedroom Single-Family rentals are also available starting from $895 and Four Bedroom Apartments start at $635.
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
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
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.