Cheap Apartments for Rent in Savoy, IL from $450 (94 Rentals)

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

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403 Ellen Ave.
1 to 2 Bedroom Apartments

403 Ellen Ave.

403 Ellen AveSavoy, IL 61874
  • Utilities Included
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Hartwell Drive
1 to 3 Bedroom Apartments

Hartwell Drive

904-908 Hartwell DrSavoy, IL 61874

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.

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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.

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706 S Locust St
Studio to 2 Bedroom Apartments

706 S Locust St

706 S Locust StChampaign, IL 61820
Student Housing
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305JOH
2 to 4 Bedroom Apartments

305JOH

305 E John StChampaign, IL 61820
Student Housing
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Armory Manor
Studio Apartments

Armory Manor

307 E Armory AveChampaign, IL 61820
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308 East Armory
Studio to 4 Bedroom Apartments

308 East Armory

308 E Armory AveChampaign, IL 61820
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207 E Healey St
1 Bedroom Apartments

207 E Healey St

207-209 E Healey StChampaign, IL 61820
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Lofts On Green
1 Bedroom Apartments

Lofts On Green

409 W Green StChampaign, IL 61820

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.

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Clark Street House
Studio to 3 Bedroom Apartments

Clark Street House

613 W Healey StChampaign, IL 61820
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Healey Gardens
Studio to 2 Bedroom Apartments

Healey Gardens

607-611 W Healey StChampaign, IL 61820
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Bankier Apartments
Studio to 2 Bedroom Apartments

Bankier Apartments

805 S 4th StChampaign, IL 61820
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1106 Euclid St
Studio to 4 Bedroom Apartments

1106 Euclid St

1106 Euclid StChampaign, IL 61820
Student Housing
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Colonial Apartments
Studio to 3 Bedroom Apartments

Colonial Apartments

1101 S Mattis AveChampaign, IL 61821
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510 S Elm
2 Bedroom Apartments

510 S Elm

510 S Elm StChampaign, IL 61820
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Chalmers Manor
Studio to 2 Bedroom Apartments

Chalmers Manor

105 E Chalmers StChampaign, IL 61820
Student Housing
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105 E John St
1 to 2 Bedroom Apartments

105 E John St

105 E John StChampaign, IL 61820
Student Housing
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903-909 S Locust St
3 Bedroom Apartments

903-909 S Locust St

903-909 S Locust StChampaign, IL 61820
Student Housing

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.

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103 E Chalmers St
1 to 3 Bedroom Apartments

103 E Chalmers St

103 E Chalmers StChampaign, IL 61820
Student Housing
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606 S Prairie St
1 Bedroom Apartments

606 S Prairie St

606 S Prairie StChampaign, IL 61820
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Green Street
1 to 2 Bedroom Apartments

Green Street

507-509 W Green StChampaign, IL 61820
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Daniel Tower
4 Bedroom Apartments

Daniel Tower

304 E Daniel StChampaign, IL 61820
Student Housing
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Hessel on the Park
2 Bedroom Apartments

Hessel on the Park

1601-1862 Valley RdChampaign, IL 61820
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202 E Chalmers St
Studio to 4 Bedroom Apartments

202 E Chalmers St

202 E Chalmers StChampaign, IL 61820
Student Housing
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907SE
Studio to 2 Bedroom Apartments

907SE

907 S 2nd StChampaign, IL 61820
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906 S Locust St
Studio to 4 Bedroom Apartments

906 S Locust St

906 S Locust StChampaign, IL 61820
Student Housing
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Illini Manor
Studio to 1 Bedroom Apartments

Illini Manor

401 E Chalmers StChampaign, IL 61820
Student Housing
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58 E Healey
1 Bedroom Apartments

58 E Healey

56-58 E Healey StChampaign, IL 61820

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.

Savoy, IL Local Guide

Cheapest Available Savoy Apartments for Rent

 

The cheapest available apartment rental in Savoy, IL is a 4 Beds unit found at 305JOH in the Downtown Champaign neighborhood priced from $450. 1002SEC in the Downtown Champaign neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $450. Here is today’s list of the most affordable Savoy apartments for rent:

Apartment ListingModel NameBed/BathPriced From
305JOHIndividual Bedroom Available | Shared 4 Bed/3 B...4BR,3BA$450
1002SECFlexible Bedroom LeasesStudio,2BA$450
1012 S 1st StIndividual Lease2BR,1BA$450
907SEFurnished Studio | ONE MONTH FREE!Studio,1BA$795
Kobuck Apartments1204 Wesley Ave 1bd/1ba1BR,1BA$825
312 S State St1 Beds, 1 Baths1BR,1BA$825
58 E Healey58 E Healey - 2031BR,1BA$825
Pacifica on GreenThe Sage2BR,2BA$899
403 Ellen Ave.403 Ellen Ave. - 22BR,1BA$900
The Courtyard on Randolph2BR/ 1BA2BR,1BA$925

Best Value Apartments for Rent in Savoy, IL

As of September 14, 2026 the best value apartment in the Savoy area is the $1.17 price per square foot The Rodriguez Model at Hartwell Drive in the starting from $1,700. The second greatest value Savoy apartment is the 512 E John St Model at 512 E John St, Unit One and a half starting at $1,317 with a $0.94 price per square foot in the Downtown Champaign neighborhood. Here is today’s list of the best values for Savoy apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hartwell DriveThe Rodriguez3BR,2BA$1.17
512 E John St, Unit One and a half512 E John St3BR,1BA$0.94
Colonial VillageCharleston2BR,1BA$1.03
Colony West2BR/1BA Condo2BR,1BA$1.39
608 E Chalmers$2,000 Gift Card! 1 Bedroom Left! Available Now...2BR,2BA$1.48
1012 S 1st St2 Bedroom (Entire Unit)2BR,1BA$1.02
The Courtyard on Randolph2BR/ 1BA2BR,1BA$1.09
112 E. Green St by Bankier Apartments2 Bed 1 Bath - X Large - (NS) 112 E Green St. (...2BR,1BA$1.25
Pacifica on GreenThe Sage2BR,2BA$1.29
Southwest Apartments1902 Karen Ct2BR,1BA$1.47

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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.

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

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Frequently Asked Questions about Cheap Savoy Apartments

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

The lowest price for a Cheap One Bedroom Savoy Apartment is $825 at Kobuck Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Savoy is starting from $450 at 1012 S 1st St.

What is the most affordable Savoy Three Bedroom Apartment?

The best deal on a cheap Savoy Three Bedroom Apartment rental is at 608 E Chalmers and starts from $1,029.

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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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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.