Cheap Apartments for Rent in Savoy, IL from $300 (98 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

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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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.

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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
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612 W Healey St, Unit 1
$1,400
Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400
1 Bedroom Apartment Available Aug 1

612 W Healey St, Unit 1

612 W Healey StChampaign, IL 61820
property at 2107 Melrose Dr

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450
Total Monthly Price
$1,450

2 Bedroom, 2 Bath Condo for Rent

Available Aug 1

2107 Melrose Dr, Unit A

2107 Melrose Dr
ChampaignIL61820
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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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308 East Armory
Studio to 4 Bedroom Apartments

308 East Armory

308 E Armory AveChampaign, IL 61820
  • Utilities Included

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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Armory Manor
Studio Apartments

Armory Manor

307 E Armory AveChampaign, IL 61820
  • Utilities Included
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207 E Healey St
1 Bedroom Apartments

207 E Healey St

207-209 E Healey StChampaign, IL 61820
  • Utilities Included
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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
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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
  • Utilities Included

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.

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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
  • Utilities Included
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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
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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
  • Utilities Included
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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
  • Utilities Included

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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Showing Results 1-50, Page 1 of 2

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 $499. 1002SEC in the Downtown Champaign neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $699. Here is today’s list of the most affordable Savoy apartments for rent:

Apartment ListingModel NameBed/BathPriced From
305JOHSpacious 4 Bed/3 Bath Apartment on the corner o...4BR,3BA$499
1002SECFall 2026 Leasing – 4-Bedroom, 2-Bath4BR,2BA$699
Kobuck Apartments1204 Wesley Ave 1bd/1ba1BR,1BA$825
58 E Healey58 E Healey - 3021BR,1BA$825
The Courtyard on Randolph2BR/ 1BA2BR,1BA$925
Colonial VillageCharleston2BR,1BA$950
Southwest Apartments1902 Karen Ct2BR,1BA$950
608 S State Street608 S State Street - 82BR,1BA$1,050
810 S Oak810 S Oak - 112BR,1BA$1,050
911 S Locust St911 S Locust St - 3011BR,1BA$1,095

Best Value Apartments for Rent in Savoy, IL

As of June 13, 2026 the best value apartment in the Savoy area is the $1.00 price per square foot 2 Bedroom Unit Model at Park Place in the starting from $1,405. 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.
Park Place2 Bedroom Unit2BR,2BA$1.00
59JOH4 Bedroom Apartment @ First & John: Available N...4BR,3BA$0.46
202 E. Green St by Bankier Apartments4BR/3BA4BR,3BA$0.84
Colonial VillageCharleston2BR,1BA$1.03
Colony West2BR/1BA Condo2BR,1BA$1.39
The Courtyard on Randolph2BR/ 1BA2BR,1BA$1.09
608 S State Street608 S State Street - 82BR,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
607 W Green StPer Person Price1BR,1BA$1.40

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!

Explore Savoy, IL Rentals by Map

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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 $925 at The Courtyard on Randolph.

What is the most affordable Savoy Three Bedroom Apartment?

The best deal on a cheap Savoy Three Bedroom Apartment rental is at Colonial Village and starts from $1,100.

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 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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.