Cheap Homes for Rent in Rantoul, IL from $400 (11 Rentals)

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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.

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.

Rantoul, IL Local Guide

Cheapest Available Rantoul Apartments for Rent and Nearby

 

The cheapest available apartment rental in Rantoul, IL is a 1 Bed unit found at Bailey Student Apartments Available 2026! priced from $750. Windcrest Apartments in the Downtown Champaign neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Rantoul apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Bailey Student Apartments Available 2026!901 W Springfield1BR,1BA$750
Windcrest Apartments1 Bedroom / 1 Bathroom1BR,1BA$800
Falcon Way TownhomesThree Bedroom Townhome3BR,1BA$828
Golfview VillageThe McGavin3BR,1BA$830
Meadowview Apartments - MahometTwo Bedroom One Bathroom2BR,1BA$845

Best Value Apartments for Rent in Rantoul, IL and Nearby

As of March 13, 2026 the best value apartment in the Rantoul area is the $1.23 price per square foot Nantucket Model at Baytowne Apartments in the starting from $2,345. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Baytowne ApartmentsNantucket2BR,2.5BA$1.23
200 Vine St2 Bedroom/2.5 bath2BR,2BA$1.07
Golfview VillageThe McGavin3BR,1.5BA$0.70
Falcon Way TownhomesThree Bedroom Townhome3BR,1BA$0.75
Eastland Apartments2 Bedroom2BR,2BA$1.28
South Pointe CommonsSouth Pointe 3bd/1.5ba Townhouse3BR,1.5BA$0.94
Town Center Apartments2 Bedroom 1 Bath2BR,1BA$1.14
University ParkTwo Bedroom2BR,1BA$1.17
Capstone QuartersTwo Bedroom Select2BR,2BA$0.80
Meadowview Apartments - MahometTwo Bedroom One Bathroom2BR,1BA$1.03

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.

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The 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.

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

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Frequently Asked Questions about Rantoul

What type of rentals are currently available in Rantoul?

There are currently 56 Apartments for Rent in Rantoul, IL with pricing that ranges from $650 to $2,626. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rantoul ranging from $425 to $7,000.

What is the current price range for Rental Homes in Rantoul?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Rantoul ranges from $425 to $7,000 with an average monthly rent of $2,682.

How much are larger Three and Four Bedroom Rentals in Rantoul?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Rantoul range from $828 to $2,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $5,000. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $785.

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

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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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.

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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.

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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.