Cheap Apartments for Rent in Savoy, IL from $300 (79 Rentals)

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

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Hartwell Drive
1 to 3 Bedroom Apartments

Hartwell Drive

904-908 Hartwell DrSavoy, IL 61874
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Prospect Pointe
1 to 2 Bedroom Apartments

Prospect Pointe

301 W Curtis RdSavoy, IL 61874
Senior Living

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.

property at 2127 Melrose Dr

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

2 Bedroom, 1 Bath Condo for Rent

Available Aug 1

2127 Melrose Dr, Unit B

2127 Melrose Dr
ChampaignIL61820

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.

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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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Armory Manor
Studio Apartments

Armory Manor

307 E Armory AveChampaign, IL 61820
  • Utilities Included
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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
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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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Prairie Place
1 to 2 Bedroom Apartments

Prairie Place

310-316 S Prairie 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

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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Colonial Apartments
Studio to 3 Bedroom Apartments

Colonial Apartments

1101 S Mattis AveChampaign, IL 61821
  • Utilities Included
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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
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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
  • Utilities Included
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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

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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Hessel on the Park
2 Bedroom Apartments

Hessel on the Park

1601-1862 Valley RdChampaign, IL 61820
  • Utilities Included
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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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907 S 2nd St
Studio to 2 Bedroom Apartments

907 S 2nd St

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
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312 S State St
1 Bedroom Apartments

312 S State St

312 S State StChampaign, IL 61820
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901 S 1st St
Studio to 1 Bedroom Apartments

901 S 1st St

901 S 1st StChampaign, IL 61820
Student Housing
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205 E Healey St
1 Bedroom Apartments

205 E Healey St

205 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 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 ListingModel NameBed/BathPriced From
1012 S 1st StIndividual Lease2BR,1BA$550
1002SECFlexible Bedroom LeasesStudio,2BA$680
907 S 2nd StStudioStudio,1BA$795
58 E Healey58 E Healey - 2031BR,1BA$825
Kobuck Apartments1204 Wesley Ave 1bd/1ba1BR,1BA$825
312 S State St1 Beds, 1 Baths1BR,1BA$825
Colonial VillageCharleston2BR,1BA$950
Southwest Apartments1902 Karen Ct2BR,1BA$950
908 S First St908 S First St - 516-A2BR,1BA$970
110 E John St.1 Bedroom1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Misty Cove by Royse + BrinkmeyerThe Admiral3BR,2BA$1.33
59JOH4 Bedroom Apartment @ First & John: Available N...4BR,3BA$0.46
202 E. Green St by Bankier Apartments4BR/3BA4BR,3BA$0.82
Colonial VillageCharleston2BR,1BA$1.03
Colony West2BR/1BA Condo2BR,1BA$1.39
1012 S 1st St2 Bedroom (Entire Unit)2BR,1BA$1.14
810 S Oak810 S Oak - 112BR,1BA$1.31
608 S State Street608 S State Street - 22BR,1BA$1.40
112 E. Green St by Bankier Apartments2 Bed 1 Bath - X Large - (NS) 112 E Green St. (...2BR,1BA$1.25
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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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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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 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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.