
Cheap Apartments for Rent in Savoy, IL from $300 (79 Rentals)
Search the lowest-cost Apartments available for rent right now in Savoy.


The Courtyards @ Prairie Fields

Sterling on First

Hartwell Drive

Prospect Pointe

1609 Lyndhurst W Dr

1012 S 1st St

Healey Gardens

1002SEC

Total Monthly Price
The Courtyard on Randolph
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.

Colonial Village

Southwest Apartments

Total Monthly Price
110 E John St.

Midtown Center

905 South Locust Street

210-212 Birch St

Total Monthly Price
Colony West

Lincolnshire West

Total Monthly Price
512 E John St, Unit One and a half

2127 Melrose Dr, Unit B
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.

714 S State St

706 S Locust St

Armory Manor

308 East Armory

207 E Healey St

Lofts On Green

Clark Street House

Prairie Place

Bankier Apartments

1106 Euclid St
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.

Colonial Apartments

510 S Elm

Chalmers Manor

105 E John St

903-909 S Locust St

Smith Apartments @ 1106 Second

103 E Chalmers St

606 S Prairie St

Green Street

Daniel Tower
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.

Hessel on the Park

202 E Chalmers St

907 S 2nd St

906 S Locust St

Illini Manor

58 E Healey

312 S State St

901 S 1st St

205 E Healey St

313 Cottage Ct
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

How much does it cost to rent an apartment in Savoy?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Savoy Studio Apartments | $981 | $615 | $1,649 |
| Cheap Savoy 1 Bedroom Apartments | $1,400 | $690 | $2,029 |
| Cheap Savoy 2 Bedroom Apartments | $1,345 | $685 | $2,645 |
| Cheap Savoy 3 Bedroom Apartments | $1,493 | $899 | $2,800 |
| Cheap Savoy 4 Bedroom Apartments | $1,541 | $590 | $3,800 |
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Savoy, IL Local Guide
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Cheapest Available Savoy Apartments for Rent
 The cheapest available apartment rental in Savoy, IL is a 2 Beds unit found at 1012 S 1st St in the Downtown Champaign neighborhood priced from $550. 1002SEC in the Downtown Champaign neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $680. Here is today’s list of the most affordable Savoy apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1012 S 1st St | Individual Lease | 2BR,1BA | $550 |
| 1002SEC | Flexible Bedroom Leases | Studio,2BA | $680 |
| 907 S 2nd St | Studio | Studio,1BA | $795 |
| 58 E Healey | 58 E Healey - 203 | 1BR,1BA | $825 |
| Kobuck Apartments | 1204 Wesley Ave 1bd/1ba | 1BR,1BA | $825 |
| 312 S State St | 1 Beds, 1 Baths | 1BR,1BA | $825 |
| Colonial Village | Charleston | 2BR,1BA | $950 |
| Southwest Apartments | 1902 Karen Ct | 2BR,1BA | $950 |
| 908 S First St | 908 S First St - 516-A | 2BR,1BA | $970 |
| 110 E John St. | 1 Bedroom | 1BR,1BA | $995 |
Best Value Apartments for Rent in Savoy, IL
As of July 29, 2026 the best value apartment in the Savoy area is the $1.33 price per square foot The Admiral Model at Misty Cove by Royse + Brinkmeyer in the starting from $2,075. The second greatest value Savoy apartment is the 4 Bedroom Apartment @ First & John: Available N... Model at 59JOH starting at $485 with a $0.46 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Misty Cove by Royse + Brinkmeyer | The Admiral | 3BR,2BA | $1.33 |
| 59JOH | 4 Bedroom Apartment @ First & John: Available N... | 4BR,3BA | $0.46 |
| 202 E. Green St by Bankier Apartments | 4BR/3BA | 4BR,3BA | $0.82 |
| Colonial Village | Charleston | 2BR,1BA | $1.03 |
| Colony West | 2BR/1BA Condo | 2BR,1BA | $1.39 |
| 1012 S 1st St | 2 Bedroom (Entire Unit) | 2BR,1BA | $1.14 |
| 810 S Oak | 810 S Oak - 11 | 2BR,1BA | $1.31 |
| 608 S State Street | 608 S State Street - 2 | 2BR,1BA | $1.40 |
| 112 E. Green St by Bankier Apartments | 2 Bed 1 Bath - X Large - (NS) 112 E Green St. (... | 2BR,1BA | $1.25 |
| Southwest Apartments | 1902 Karen Ct | 2BR,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.
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 Savoy, IL
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 $550 at 1012 S 1st St.
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.