
Cheap Apartments for Rent in Rantoul, IL from $400 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in Rantoul.


Falcon Way Townhomes

Golfview Village

Royal Arms

Keystone Apartments

409 E Campbell Ave

1088 Eastview Dr
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

West Liberty Point 1BR

Twin Lakes Senior Villas

Parker Glen

Windcrest Apartments

Town Center Apartments

Meadowview Apartments - Mahomet

Westgate Apartments
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Element on Main

Town & Country Apartments

Garden Court

Carisbrooke Apartments

302 W Locust St

806 W Stoughton Street

106 N gregory
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

1605 N Willow Rd
Rantoul, IL Local Guide

How much does it cost to rent an apartment in Rantoul?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Rantoul Studio Apartments | $1,047 | $650 | $1,359 |
| Rantoul 1 Bedroom Apartments | $1,199 | $533 | $1,698 |
| Rantoul 2 Bedroom Apartments | $1,377 | $599 | $2,345 |
| Rantoul 3 Bedroom Apartments | $1,399 | $738 | $2,350 |
| Rantoul 4 Bedroom Apartments | $1,227 | $637 | $2,080 |
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Rantoul, IL Local Guide
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Cheapest Available Rantoul Apartments for Rent and Nearby
 The cheapest available apartment rental in Rantoul, IL is a 1 Bed unit found at Parker Glen priced from $533. West Liberty Point 1BR has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable Rantoul apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Parker Glen | 1Bdrm | 1BR,1BA | $533 |
| West Liberty Point 1BR | West Liberty Point 1BR - West... | 1BR,1BA | $725 |
| Windcrest Apartments | 1 Bedroom / 1 Bathroom | 1BR,1BA | $800 |
| Town Center Apartments | 3 Bedroom 2 Bath | 3BR,2BA | $830 |
| South Pointe Commons | South Pointe 3bd/1.5ba Townhouse | 3BR,1BA | $931 |
Best Value Apartments for Rent in Rantoul, IL and Nearby
As of July 28, 2026 the best value apartment in the Rantoul area is the $0.60 price per square foot D1 Model at Campus Circle Urbana in the in the Downtown Champaign neighborhood starting from $839. The second greatest value Rantoul apartment is the The Erving Model at Nantucket Cove Apartments starting at $1,579 with a $1.28 price per square foot . Here is today’s list of the best values for Rantoul apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Campus Circle Urbana | D1 | 4BR,4BA | $0.60 |
| Nantucket Cove Apartments | The Erving | 3BR,3BA | $1.28 |
| Town Center Apartments | 3 Bedroom 2 Bath | 3BR,2BA | $0.70 |
| Watersedge | Atlantic-Level 2 | 2BR,2BA | $1.30 |
| The Linc Apartments | 3x3 | 3BR,3BA | $0.65 |
| South Pointe Commons | South Pointe 3bd/1.5ba Townhouse | 3BR,1.5BA | $0.89 |
| Prairieview Rd 307 North | The Mahomet Life | 2BR,1BA | $1.20 |
| Capstone Quarters | Two Bedroom Select | 2BR,2BA | $0.80 |
| Parker Glen | 1Bdrm | 1BR,1BA | $0.72 |
| The Atrium | Single (shared common area) | 1BR,1BA | $1.33 |
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 ArticleReal 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Rantoul, IL
Frequently Asked Questions about Cheap Rantoul Apartments
How much is rent for a Cheap One Bedroom Rantoul Apartment?
The lowest price for a Cheap One Bedroom Rantoul Apartment is $533 at Parker Glen.
What is the lowest price for a Cheap Two Bedroom Rantoul Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Rantoul is starting from $1,165 at Prairieview Rd 307 North.
What is the most affordable Rantoul Three Bedroom Apartment?
The best deal on a cheap Rantoul Three Bedroom Apartment rental is at Town Center Apartments and starts from $830.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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.