
Cheap Apartments for Rent in Savoy, IL from $300 (52 Rentals)
Search the lowest-cost Apartments available for rent right now in Savoy.


Healey Gardens

906 S Locust St

The Courtyard on Randolph

Colony West

Midtown Center

1407 S State St

312 W Springfield Ave

57-63 W John St

706 S Locust St
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.

308 East Armory

Armory Manor

207 E Healey St

Lofts On Green

Clark Street House

Prairie Place

Bankier Apartments

1106 S Euclid

Colonial Apartments

1002SEC
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.

903 S Locust

510 S Elm

Chalmers Manor

105 E John St

Smith Apartments @ 1106 Second

103 E Chalmers

304 E Daniel

606 S Prairie St

Green Street

Hessel on the Park
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

202 E Chalmers

Colonial Village

Illini Manor

58 E Healey

110 E John St.

901 S 1st St

205 E Healey St

508 S First St

1103 Euclid St

212 W Healey St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

608 S State Street

55 E Healey St

Lincolnshire Townhomes

Park Place

303 E Chalmers St

Gentry Square Apartments

Midway

106 E Armory Ave

Hub Champaign

608 E Chalmers
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.
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 | $1,359 | $615 | $1,939 |
| Cheap Savoy 1 Bedroom Apartments | $1,361 | $690 | $2,049 |
| Cheap Savoy 2 Bedroom Apartments | $1,318 | $625 | $2,600 |
| Cheap Savoy 3 Bedroom Apartments | $1,297 | $575 | $3,000 |
| Cheap Savoy 4 Bedroom Apartments | $1,546 | $835 | $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 4 Beds unit found at 305JOH in the Downtown Champaign neighborhood priced from $499. 107 E Springfield in the Downtown Champaign neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $649. Here is today’s list of the most affordable Savoy apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 305JOH | Spacious 4 Bed/3 Bath Apartment on the corner o... | 4BR,3BA | $499 |
| 107 E Springfield | Spring semester move in, two bed one bath apart... | 2BR,1BA | $649 |
| 1002SEC | Fall 2026 Leasing – 4-Bedroom, 2-Bath | 4BR,2BA | $658 |
| 58 E Healey | 58 E Healey - 309 | 1BR,1BA | $825 |
| The Courtyard on Randolph | 2BR/ 1BA | 2BR,1BA | $925 |
| 608 S State Street | 608 S State Street - B | 1BR,1BA | $950 |
| West Quad | 4BR/4BA - Terrace Deluxe | 4BR,4BA | $1,009 |
| 608 E Chalmers | Fall lease, four bed four bath apartment in Qua... | 4BR,4BA | $1,060 |
| 810 S Oak | 810 S Oak - 11 | 2BR,1BA | $1,100 |
| Lincolnshire West | 1 Bedroom Upper Premium | 1BR,1BA | $1,150 |
Best Value Apartments for Rent in Savoy, IL
As of January 27, 2026 the best value apartment in the Savoy area is the $0.80 price per square foot Fall lease, four bed four bath apartment in Qua... Model at 608 E Chalmers in the in the Downtown Champaign neighborhood starting from $1,060. The second greatest value Savoy apartment is the 2517 Leeper Dr Model at Southwest Apartments starting at $1,200 with a $1.00 price per square foot . 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. |
|---|---|---|---|
| 608 E Chalmers | Fall lease, four bed four bath apartment in Qua... | 4BR,4BA | $0.80 |
| Southwest Apartments | 2517 Leeper Dr | 2BR,1.5BA | $1.00 |
| The Courtyards @ Prairie Fields | 2 bedroom | 2BR,2BA | $1.41 |
| 59JOH | 3 Bed, 2 Bath @ John & First St. | 3BR,2BA | $0.42 |
| The Courtyard on Randolph | 2BR/ 1BA | 2BR,1BA | $1.09 |
| Lancaster Apartments | 3x1 | 3BR,1BA | $1.19 |
| Maywood Apartments | 2x1 | 2BR,1BA | $1.30 |
| 106 E Healey | Fall lease, two bed one bath apartment in Midto... | 2BR,1BA | $0.98 |
| 52 E Armory | Fall lease, two bed two bath apartment in Senio... | 2BR,2BA | $1.22 |
| 107 E Springfield | Spring semester move in, two bed one bath apart... | 2BR,1BA | $1.12 |
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 ArticleThe 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.
Read ArticleCash 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.
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!
Explore Savoy, IL Rentals by Map
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 58 E Healey.
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 $649 at 107 E Springfield.
What is the most affordable Savoy Three Bedroom Apartment?
The best deal on a cheap Savoy Three Bedroom Apartment rental is at The Courtyard on Randolph and starts from $990.
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

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.

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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.