Cheap Apartments for Rent in Savoy, IL from $300 (85 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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706 S Locust St
Studio to 2 Bedroom Apartments

706 S Locust St

706 S Locust StChampaign, IL 61820
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306 W John St
1 to 3 Bedroom Apartments

306 W John St

306 W John 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
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Armory Manor
Studio Apartments

Armory Manor

307 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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Prairie Place
1 to 2 Bedroom Apartments

Prairie Place

310-316 S Prairie 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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Bankier Apartments
Studio to 2 Bedroom Apartments

Bankier Apartments

805 S 4th StChampaign, IL 61820

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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1106 Euclid St
Studio to 4 Bedroom Apartments

1106 Euclid St

1106 Euclid StChampaign, IL 61820
Student Housing
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Second & Daniel
4 Bedroom Apartments

Second & Daniel

901 S 2nd 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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1002SEC
4 Bedroom Apartments

1002SEC

1002 S 2nd StChampaign, IL 61820
Student Housing
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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 S Locust
3 Bedroom Apartments

903 S Locust

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

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.

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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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304 E Daniel
4 Bedroom Apartments

304 E Daniel

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
Studio to 4 Bedroom Apartments

202 E Chalmers

202 E Chalmers StChampaign, IL 61820
Student Housing
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Colonial Village
2 to 3 Bedroom Apartments

Colonial Village

1003-1011 S Mattis AveChampaign, IL 61821
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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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110 E John St.
1 Bedroom Apartments

110 E John St.

110 E John StChampaign, IL 61820
  • Utilities Included

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.

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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 $658. 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$658
107 E SpringfieldSpring semester move in, two bed one bath apart...2BR,1BA$709
Kobuck Apartments1204 Wesley Ave 1bd/1ba1BR,1BA$825
58 E Healey58 E Healey - 3091BR,1BA$825
The Courtyard on Randolph2BR/ 1BA2BR,1BA$925
608 S State Street608 S State Street - 82BR,1BA$1,050
608 E ChalmersEARLY MOVE-IN AVAILABLE! Fall lease, four bed f...4BR,4BA$1,060
911 S Locust St911 S Locust St - 3071BR,1BA$1,095
810 S Oak810 S Oak - 112BR,1BA$1,100

Best Value Apartments for Rent in Savoy, IL

As of April 29, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
608 E ChalmersFall lease, four bed four bath apartment in Qua...4BR,4BA$0.80
Southwest Apartments2517 Leeper Dr2BR,1.5BA$1.00
The Courtyards @ Prairie Fields2 bedroom2BR,2BA$1.41
59JOH4 Bedroom Apartment @ First & John: Available N...4BR,3BA$0.46
The Courtyard on Randolph2BR/ 1BA2BR,1BA$1.09
Kobuck Apartments1203 Wesley Ave 1bd/1ba1BR,1BA$1.58
1008 S. 4thB32BR,2BA$1.56
608 S State Street608 S State Street - 12BR,1BA$1.40
112 E. Green St by Bankier Apartments2 Bed 1 Bath - X Large - (NS) 112 E Green St. (...2BR,1BA$1.21
107 E SpringfieldSpring semester move in, two bed one bath apart...2BR,1BA$1.22

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The 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.

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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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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 $709 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 810 S Oak and starts from $1,350.

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 Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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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.