
Cheap Apartments for Rent in Rantoul, IL from $400 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in Rantoul.


Falcon Way Townhomes

West Liberty Point

335 E Campbell Ave

335 E Campbell 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.

Golfview Village

Royal Arms

Keystone Apartments

412 E Letchworth Ave

Windcrest Apartments
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.

Meadowview Apartments - Mahomet

Bailey Student Apartments Available 2026!

Westgate Apartments

Element on Main

302 W Locust St
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.
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 | $1,121 | $650 | $1,449 |
| Rantoul 1 Bedroom Apartments | $1,242 | $652 | $1,999 |
| Rantoul 2 Bedroom Apartments | $1,287 | $750 | $2,626 |
| Rantoul 3 Bedroom Apartments | $1,287 | $830 | $2,000 |
| Rantoul 4 Bedroom Apartments | $1,251 | $785 | $2,000 |
Browse Top Apartments in Rantoul
See all Apartments in RantoulExplore Rantoul
Rantoul, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Rantoul Apartments for Rent and Nearby
 The cheapest available apartment rental in Rantoul, IL is a Studio unit found at Windcrest Apartments in the Downtown Champaign neighborhood priced from $650. Golfview Village has the second lowest priced unit, which is a 2 Beds apartment currently listed from $750. Here is today’s list of the most affordable Rantoul apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Windcrest Apartments | Studio / 1 Bathroom | Studio,1BA | $650 |
| Golfview Village | The Gilmore | 2BR,1BA | $750 |
| Falcon Way Townhomes | Three Bedroom Townhome | 3BR,1BA | $826 |
| Town & Country Apartments | Fairfield | 1BR,1BA | $836 |
| University Park | One Bedroom | 1BR,1BA | $850 |
Best Value Apartments for Rent in Rantoul, IL and Nearby
As of January 26, 2026 the best value apartment in the Rantoul area is the $0.69 price per square foot South Pointe 5bd/3.0ba Townhouse Model at South Pointe Commons in the starting from $1,205. The second greatest value Rantoul 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 Rantoul apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| South Pointe Commons | South Pointe 5bd/3.0ba Townhouse | 5BR,3BA | $0.69 |
| 200 Vine St | 2 Bedroom/2.5 bath | 2BR,2BA | $1.07 |
| Nantucket Cove Apartments | The Cambridge | 3BR,2BA | $1.24 |
| Meadowview Apartments - Mahomet | Three Bedroom Two Bathroom | 3BR,2BA | $0.87 |
| Falcon Way Townhomes | Three Bedroom Townhome | 3BR,1BA | $0.75 |
| Eastland Apartments | 2 Bedroom | 2BR,2BA | $1.28 |
| Golfview Village | The Gilmore | 2BR,1.5BA | $0.75 |
| Parker Glen | 2 Bedroom | 2BR,1BA | $1.29 |
| Town Center Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.14 |
| University Park | Two Bedroom | 2BR,1BA | $1.17 |
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 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 ArticleCash 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.
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!
Explore Rantoul, IL Rentals by Map
See the most popular apartments and homes in Rantoul, IL
Frequently Asked Questions about Cheap Rantoul Apartments
What is the Cheapest Studio apartment in Rantoul?
Currently the most affordable Cheap Studio Apartment in Rantoul is at Windcrest Apartments listed at $650.
How much is rent for a Cheap One Bedroom Rantoul Apartment?
The lowest price for a Cheap One Bedroom Rantoul Apartment is $800 at Windcrest Apartments.
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 $750 at Golfview Village.
What is the most affordable Rantoul Three Bedroom Apartment?
The best deal on a cheap Rantoul Three Bedroom Apartment rental is at Falcon Way Townhomes and starts from $826.
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

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.