Cheap New Apartments for Rent in Savoy, IL from $300 (9 Rentals)

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303 E Chalmers St
Built in 2021Studio to 2 Bedroom Apartments

303 E Chalmers St

303 E Chalmers StChampaign, IL 61820
Student Housing
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106 E Armory Ave
Built in 2016Studio to 4 Bedroom Apartments

106 E Armory Ave

106 E Armory AveChampaign, IL 61820
Student Housing
  • Utilities Included
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608 E Chalmers
Built in 2025Studio to 4 Bedroom Apartments

608 E Chalmers

608 E Chalmers 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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Hub Champaign
Built in 2021Studio to 4 Bedroom Apartments

Hub Champaign

812 S 6th StChampaign, IL 61820
Student Housing
  • Utilities Included
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201 W Green St
Built in 20171 to 2 Bedroom Apartments

201 W Green St

201 W Green StChampaign, IL 61820
Student Housing
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213 W Green St
Built in 20161 to 2 Bedroom Apartments

213 W Green St

213 W Green StChampaign, IL 61820
Student Housing
  • Utilities Included
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609 South Randolph Street
Built in 2022Studio to 2 Bedroom Apartments

609 South Randolph Street

609 S Randolph StChampaign, IL 61820
Student Housing
  • Utilities Included

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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112 E John St
Built in 2023Studio to 4 Bedroom Apartments

112 E John St

112 E John StChampaign, IL 61820
Student Housing

Savoy, IL Local Guide

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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Quick 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.

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Remember the 3 Rules of Real Estate:
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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 $700 at THE ALCOVE @ SECOND & JOHN.

What is the most affordable Savoy Three Bedroom Apartment?

The best deal on a cheap Savoy Three Bedroom Apartment rental is at THE ALCOVE @ SECOND & JOHN and starts from $600.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.

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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.