Cheap Apartments for Rent in Tolono, IL from $500 (38 Rentals)

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Search the lowest-cost Apartments available for rent right now in Tolono.

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.

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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.

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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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Hessel on the Park
2 Bedroom Apartments

Hessel on the Park

1601-1862 Valley RdChampaign, IL 61820
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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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Hartwell Drive
1 to 3 Bedroom Apartments

Hartwell Drive

904-908 Hartwell DrSavoy, IL 61874

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.

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Windsor Duplexes
2 Bedroom Apartments

Windsor Duplexes

907 E Harding DrUrbana, IL 61801
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608 E Chalmers
Studio to 4 Bedroom Apartments

608 E Chalmers

608 E Chalmers StChampaign, IL 61820
Student Housing
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State & Cedar
1 to 2 Bedroom Apartments

State & Cedar

1407 S State StChampaign, IL 61820
Student Housing
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307 & 311 W. Birch
1 Bedroom Apartments

307 & 311 W. Birch

307-311 Birch StChampaign, IL 61820
  • Utilities Included

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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property at 310 Cottage Ct

$1,400 - $2,250

1 To 3 Bedroom Rentals

Available Now

310 Cottage Ct

ChampaignIL61820
Showing Results 1-38, Page 1 of 1

Tolono, IL Local Guide

Cheapest Available Tolono Apartments for Rent and Nearby

 

The cheapest available apartment rental in Tolono, IL is a 2 Beds unit found at 1012 S 1st St in the Downtown Champaign neighborhood priced from $550. 1002SEC in the Downtown Champaign neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $680. Here is today’s list of the most affordable Tolono apartments for rent:

Apartment ListingModel NameBed/BathPriced From
1012 S 1st StIndividual Lease2BR,1BA$550
1002SECFlexible Bedroom LeasesStudio,2BA$680
2008 S Vawter St4 Beds4BR,2BA$800
Kobuck Apartments1204 Wesley Ave 1bd/1ba1BR,1BA$825
Colonial VillageCharleston2BR,1BA$950
Southwest Apartments1902 Karen Ct2BR,1BA$950
110 E John St.1 Bedroom1BR,1BA$995
Parkside2 Bedroom 1 Bath - 850 SF2BR,1BA$1,080
Colony West2BR/1BA Condo2BR,1BA$1,250
The Whitney Apartments1st or 2nd Floor 2 Bedroom Apartment2BR,2BA$1,389

Best Value Apartments for Rent in Tolono, IL and Nearby

As of August 04, 2026 the best value apartment in the Tolono area is the $1.62 price per square foot Gardenia Model at Southwood Crossing in the starting from $1,899. The second greatest value Tolono apartment is the 3 Beds Model at 2008 S Vawter St starting at $1,050 with a $0.97 price per square foot . Here is today’s list of the best values for Tolono apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Southwood CrossingGardenia3BR,2BA$1.62
2008 S Vawter St3 Beds3BR,1BA$0.97
59JOH4 Bedroom Apartment @ First & John: Available N...4BR,3BA$0.46
Colonial VillageCharleston2BR,1BA$1.03
Colony West2BR/1BA Condo2BR,1BA$1.39
1012 S 1st St2 Bedroom (Entire Unit)2BR,1BA$1.14
Parkside2 Bedroom 1 Bath 850 SF Upgrade2BR,1BA$1.42
Kobuck Apartments1203 Wesley Ave 1bd/1ba1BR,1BA$1.58
Southwest Apartments1902 Karen Ct2BR,1BA$1.47
1009 S 2nd St2 Bedroom Available August 20262BR,1BA$1.54

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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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 Tolono, IL Rentals by Map

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See the most popular apartments and homes in Tolono, IL

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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 $825 at Kobuck Apartments.

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 $550 at 1012 S 1st St.

What is the most affordable Tolono Three Bedroom Apartment?

The best deal on a cheap Tolono Three Bedroom Apartment rental is at 2008 S Vawter St and starts from $1,050.

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

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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.

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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.