
Cheap Apartments for Rent in Tolono, IL from $500 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in Tolono.


906 S Locust St

The Courtyard on Randolph

The Brickstone

Midtown Center

Colony West
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.

1407 S State St

Stone Ridge Square

Parkside

105 E John St

Hessel on the Park

Michigan East - Campus Property Management
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.

Silver St./Philo Rd/Fletcher St

Hartwell Drive

110 E John St.

2008 Vawter St

Windsor Duplexes

906 E Harding Dr
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.

608 E Chalmers

Birch Street Apartments
Tolono, IL Local Guide

How much does it cost to rent an apartment in Tolono?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Tolono Studio Apartments | $1,247 | $1,235 | $1,260 |
| Tolono 1 Bedroom Apartments | $1,482 | $910 | $2,029 |
| Tolono 2 Bedroom Apartments | $1,550 | $625 | $3,199 |
| Tolono 3 Bedroom Apartments | $2,264 | $575 | $3,399 |
| Tolono 4 Bedroom Apartments | $1,499 | $835 | $3,800 |
Browse Top Apartments in Tolono
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Tolono, IL Local Guide
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Cheapest Available Tolono Apartments for Rent and Nearby
 The cheapest available apartment rental in Tolono, IL is a 2 Beds unit found at The Courtyard on Randolph in the Downtown Champaign neighborhood priced from $925. West Quad in the Downtown Champaign neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $1,009. Here is today’s list of the most affordable Tolono apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Courtyard on Randolph | 2BR/ 1BA | 2BR,1BA | $925 |
| 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 |
| Stone Ridge Square | 1 Bedroom 1 Bath 730 SF | 1BR,1BA | $1,070 |
| Parkside | 2 Bedroom 1 Bath - 850 SF | 2BR,1BA | $1,080 |
Best Value Apartments for Rent in Tolono, IL and Nearby
As of February 03, 2026 the best value apartment in the Tolono 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 Tolono 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 Tolono 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 Courtyard on Randolph | 2BR/ 1BA | 2BR,1BA | $1.09 |
| Parkside | 2 Bedroom 1 Bath 850 Premium Upgrade | 2BR,1BA | $1.42 |
| The Whitney Apartments | Charming 2 Bed, 2 Bath on top floor with Vaulte... | 2BR,2BA | $1.73 |
| Sterling on First | 2x2 Chrome | 2BR,2BA | $1.60 |
| Lancaster Apartments | 3x1 | 3BR,1BA | $1.19 |
| Maywood Apartments | 2x1 | 2BR,1BA | $1.30 |
| 1008 S. 4th | B3 | 2BR,2BA | $1.56 |
| Stone Ridge Square | 1 Bedroom 1 Bath 730 SF | 1BR,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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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Read ArticleQuick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Tolono, IL Rentals by Map
See the most popular apartments and homes in Tolono, IL
Frequently Asked Questions about Cheap Tolono Apartments
How much is rent for a Cheap One Bedroom Tolono Apartment?
The lowest price for a Cheap One Bedroom Tolono Apartment is $1,070 at Stone Ridge Square.
What is the lowest price for a Cheap Two Bedroom Tolono Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Tolono is starting from $925 at The Courtyard on Randolph.
What is the most affordable Tolono Three Bedroom Apartment?
The best deal on a cheap Tolono Three Bedroom Apartment rental is at West Quad and starts from $1,179.
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.