
Cheap Apartments for Rent in Savoy, IL from $450 (94 Rentals)
Search the lowest-cost Apartments available for rent right now in Savoy.


Sterling on First

403 Ellen Ave.

Prospect Pointe by Royse + Brinkmeyer

The Courtyards @ Prairie Fields

1609 Lyndhurst W Dr

902 Hartwell Dr

Hartwell Drive

1002SEC

1012 S 1st St
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.

Total Monthly Price
The Courtyard on Randolph

Southwest Apartments

Colonial Village

Total Monthly Price
110 E John St.

Midtown Center

905 South Locust Street

505 W University Ave

Total Monthly Price
Colony West

Lincolnshire West

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

55 E Green St

Southwood Crossing

105 E Armory Ave

Total Monthly Price
611 S State St -Waitlist Open for August 2027

706 S Locust St

305JOH

Armory Manor

308 East Armory

207 E Healey St

Lofts On Green
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.

Clark Street House

Healey Gardens

Bankier Apartments

1106 Euclid St

Colonial Apartments

510 S Elm

Chalmers Manor

105 E John St

903-909 S Locust St

Smith Apartments @ 1106 Second
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.

103 E Chalmers St

606 S Prairie St

Green Street

Daniel Tower

Hessel on the Park

202 E Chalmers St

907SE

906 S Locust St

Illini Manor

58 E Healey
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 | $1,346 | $450 | $1,939 |
| Cheap Savoy 1 Bedroom Apartments | $1,514 | $825 | $2,099 |
| Cheap Savoy 2 Bedroom Apartments | $1,355 | $450 | $2,645 |
| Cheap Savoy 3 Bedroom Apartments | $1,470 | $650 | $2,700 |
| Cheap Savoy 4 Bedroom Apartments | $1,602 | $895 | $3,300 |
Browse Top Apartments in Savoy
See all Apartments in SavoyExplore Savoy
Savoy, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
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 $450. 1002SEC in the Downtown Champaign neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $450. Here is today’s list of the most affordable Savoy apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 305JOH | Individual Bedroom Available | Shared 4 Bed/3 B... | 4BR,3BA | $450 |
| 1002SEC | Flexible Bedroom Leases | Studio,2BA | $450 |
| 1012 S 1st St | Individual Lease | 2BR,1BA | $450 |
| 907SE | Furnished Studio | ONE MONTH FREE! | Studio,1BA | $795 |
| Kobuck Apartments | 1204 Wesley Ave 1bd/1ba | 1BR,1BA | $825 |
| 312 S State St | 1 Beds, 1 Baths | 1BR,1BA | $825 |
| 58 E Healey | 58 E Healey - 203 | 1BR,1BA | $825 |
| Pacifica on Green | The Sage | 2BR,2BA | $899 |
| 403 Ellen Ave. | 403 Ellen Ave. - 2 | 2BR,1BA | $900 |
| The Courtyard on Randolph | 2BR/ 1BA | 2BR,1BA | $925 |
Best Value Apartments for Rent in Savoy, IL
As of September 14, 2026 the best value apartment in the Savoy area is the $1.17 price per square foot The Rodriguez Model at Hartwell Drive in the starting from $1,700. The second greatest value Savoy apartment is the 512 E John St Model at 512 E John St, Unit One and a half starting at $1,317 with a $0.94 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. |
|---|---|---|---|
| Hartwell Drive | The Rodriguez | 3BR,2BA | $1.17 |
| 512 E John St, Unit One and a half | 512 E John St | 3BR,1BA | $0.94 |
| Colonial Village | Charleston | 2BR,1BA | $1.03 |
| Colony West | 2BR/1BA Condo | 2BR,1BA | $1.39 |
| 608 E Chalmers | $2,000 Gift Card! 1 Bedroom Left! Available Now... | 2BR,2BA | $1.48 |
| 1012 S 1st St | 2 Bedroom (Entire Unit) | 2BR,1BA | $1.02 |
| The Courtyard on Randolph | 2BR/ 1BA | 2BR,1BA | $1.09 |
| 112 E. Green St by Bankier Apartments | 2 Bed 1 Bath - X Large - (NS) 112 E Green St. (... | 2BR,1BA | $1.25 |
| Pacifica on Green | The Sage | 2BR,2BA | $1.29 |
| 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 ArticleNavigating 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.
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!
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 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 $450 at 1012 S 1st St.
What is the most affordable Savoy Three Bedroom Apartment?
The best deal on a cheap Savoy Three Bedroom Apartment rental is at 608 E Chalmers and starts from $1,029.
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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.