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909 S. Third St.
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311 E. Daniel St.
(217) 366-3500
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309 E. Daniel
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913 S. Third St.
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903 S. Fourth St.
(217) 366-3500
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305 E. Green
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305 E John St
(217) 684-9494
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101 E Green St
(217) 366-3500
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908 S. Vine St.
(217) 531-2255
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207 E. Green St.
(217) 366-3500
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107 E. Daniel
(217) 359-6400
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1012 S First St
(217) 684-9434
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803 W. Green St.
(760) 961-4951
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903 W. Oregon St.
(760) 961-4951
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310 E. Chalmers
(217) 684-9512
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1010 S First St
(217) 359-6400
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59 E John St
(217) 684-9537
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1002 S Second St
(217) 684-9349
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107 S. Wright
(217) 684-9473
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57 E Chalmers
(217) 328-3030
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103 E Chalmers
(217) 328-3030
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1013 W Church
(217) 369-7511
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52 E Armory
(217) 328-3030
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608 E Chalmers
(217) 328-3030
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402 S Fifth
(217) 328-3030
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312 South State Street
(217) 356-8750
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209 E Clark St
(217) 356-8750
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311 Clark
(217) 337-8852
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The Gardens
(217) 359-6108
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506 S Fourth
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Apartments Under $500 in Champaign, IL

1 of 52 Results
4
$384 - 459
PER
ROOM
909 S. Third St.
Deal
Champaign, IL
3 - 5 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Covered Parking
Balcony, Deck, Patio
8
$359 - 469
PER
ROOM
311 E. Daniel St.
Champaign, IL
3 - 4 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Student
Air Conditioning
9
$359 - 469
PER
ROOM
309 E. Daniel
5.0
Champaign, IL
3 - 4 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Student
Air Conditioning
8
$424 - 499
PER
ROOM
913 S. Third St.
Champaign, IL
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Dishwasher
9
$474
PER
ROOM
903 S. Fourth St.
Champaign, IL
2 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Dishwasher
8
$494
PER
ROOM
305 E. Green
Champaign, IL
3 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Student
Air Conditioning
5
$425
PER
ROOM
305 E John St
Champaign, IL
4 BR | Aug. 19, 2023
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Furnished
Student
Air Conditioning
Covered Parking
In Unit Laundry
15
$399 - 409
PER
ROOM
101 E Green St
Champaign, IL
3 - 4 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Student
In Unit Laundry
8
$414 - 479
PER
ROOM
908 S. Vine St.
Champaign, IL
1 - 3 BR | Available Now
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Furnished
Dog Friendly
Cat Friendly
Student
House
11
$394 - 404
PER
ROOM
207 E. Green St.
Champaign, IL
4 BR | Available Now
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Furnished
Dog Friendly
Cat Friendly
Student
In Unit Laundry
6
$320
PER
ROOM
107 E. Daniel
Champaign, IL
4 BR | Aug. 19, 2023
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Furnished
Student
Air Conditioning
Storage
Disability Access
8
$490
PER
ROOM
1012 S First St
Champaign, IL
2 BR | Aug. 19, 2023
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Furnished
Student
Air Conditioning
Storage
Disability Access
8
$484 - 489
PER
ROOM
803 W. Green St.
Champaign, IL
2 BR | Available Now
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Furnished
Dog Friendly
Cat Friendly
Covered Parking
Dishwasher
8
$499
PER
ROOM
903 W. Oregon St.
Champaign, IL
2 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Dishwasher
0
$455
PER
ROOM
310 E. Chalmers
Champaign, IL
1 - 2 BR | Aug. 19, 2023
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Furnished
Student
Air Conditioning
Surface Parking
Storage
2
$490
PER
ROOM
1010 S First St
Champaign, IL
2 BR | Aug. 19, 2023
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Furnished
Student
Air Conditioning
Surface Parking
Storage
2
$350
PER
ROOM
59 E John St
Champaign, IL
1 - 3 BR | Aug. 19, 2023
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Furnished
Air Conditioning
Surface Parking
In Unit Laundry
Storage
1
$399
PER
ROOM
1002 S Second St
Champaign, IL
1 BR | Available Now
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Furnished
Student
Air Conditioning
Surface Parking
Storage
3
$320 - 450
PER
ROOM
107 S. Wright
Champaign, IL
3 - 5 BR | Aug. 19, 2023
Contact
Furnished
Air Conditioning
Surface Parking
Storage
Disability Access
4
3D Tour
$440 - 605
PER
ROOM
57 E Chalmers
Deal
Champaign, IL
2 - 4 BR | Available Now
Contact
Furnished
Student
Virtual Tour
Air Conditioning
Covered Parking
5
3D Tour
$375 - 552
PER
ROOM
103 E Chalmers
Deal
Champaign, IL
2 - 4 BR | Available Now
Contact
Furnished
Student
Virtual Tour
Air Conditioning
Covered Parking
9
$450
1013 W Church
Champaign, IL
1 BR | May. 10, 2023
Contact
Balcony, Deck, Patio
Dishwasher
6
3D Tour
$400 - 605
PER
ROOM
52 E Armory
Deal
Champaign, IL
2 - 4 BR | Available Now
Contact
Furnished
Student
Virtual Tour
Air Conditioning
Covered Parking
8
3D Tour
$499 - 588
PER
ROOM
608 E Chalmers
Deal
Champaign, IL
4 BR | Available Now
Contact
Furnished
Student
Virtual Tour
Air Conditioning
Covered Parking
8
$320 - 408
PER
ROOM
402 S Fifth
Deal
Champaign, IL
4 BR | Available Now
Contact
Furnished
Student
Virtual Tour
Air Conditioning
Covered Parking
25
$500
312 South State Street
Champaign, IL
Studio | Available Now
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Dog Friendly
Cat Friendly
In Unit Laundry
5
$375
PER
BED
209 E Clark St
Champaign, IL
2 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Dishwasher
Midtown
11
$475
PER
ROOM
311 Clark
311 E Clark Street Champaign, IL
3 BR | Available Now
Contact
Heat Included
Furnished
Student
Virtual Tour
Air Conditioning
4
$350
PER
ROOM
The Gardens
4.0
304 E. Clark Champaign, IL
4 BR | Available Now
Contact
Furnished
Air Conditioning
Covered Parking
In Unit Laundry
6
3D Tour
$390 - 485
PER
ROOM
506 S Fourth
Deal
Champaign, IL
4 BR | Available Now
Contact
Furnished
Virtual Tour
Air Conditioning
Covered Parking
Balcony, Deck, Patio
1 - 30 of 52 Results
  1. Home
  2. Champaign
  3. Apartments Under $500

How much does it cost to rent an apartment in Champaign?

Champaign Apartments
Bed Type Average Rent Range
Studio $710 $480 - $1,710
1BR $960 $550 - $1,350
2BR $1,150 $730 - $1,730
3BR $1,390 $850 - $2,340
4+BR $1,580 $850 - $3,800
Frequently Asked Questions

How many apartments are available in Champaign, IL on Rentable.co?

Rentable.co has over 7,148 apartments available in Champaign.

What is the average rent for a studio apartment in Champaign, IL?

The average rent for a studio apartment in Champaign is around $710 per month.

What is the average rent for a one-bedroom apartment in Champaign, IL?

The average rent for a one-bedroom apartment in Champaign is around $960 per month.

What is the average rent for a two-bedroom apartment in Champaign, IL?

The average rent for a two-bedroom apartment in Champaign is around $1,150 per month.

How expensive is living in Champaign, IL?

Based on average rent prices in Champaign, to afford a studio apartment you would need an annual salary of $28,000 to live comfortably.

How many apartments under $500 are available in Champaign, IL on Rentable.co?

Rentable.co has 52 apartments under $500 available for rent in Champaign.

Which neighborhoods have the most apartments under $500 for rent in Champaign, IL?

  1. Campustown Rentals
  2. Midtown
  3. Downtown

Asset 2
Apartments by Bedrooms
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Apartments by Affordability
Cheap Apartments
Apartments Under $500
Apartments Under $600
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Champaign:
March Rent Report

Welcome to the March 2023 Champaign Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2023 key findings and figures for the Champaign rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Champaign and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Champaign average rent prices in the chart below.

Monthly Rent Report

Champaign Rent Prices Increase From February to March

Champaign rent prices increased over the last month. From February to March, the city experienced a 0.71% increase for the price of a one-bedroom apartment. The rent price for a Champaign one-bedroom apartments currently stands at $852.0.

When we take a look at the two-bedroom comparison from February to March, Champaign experienced a 3.38% increase for the price of a two-bedroom apartment. The rent price for a Champaign two-bedroom apartments currently stands at $1,225.0.

March Prices: Champaign vs. Surrounding Areas

Rent Prices in Champaign and Surrounding Areas

Rent prices have increased in Champaign over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 2 of the Champaign suburbs increased last month. On the other hand, 1 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Rantoul, IL, Savoy, IL .

  • Rent decreased in Urbana, IL.

  • 1 suburb is currently priced higher than the city of Champaign.

  • 2 suburbs are currently priced lower than the city of Champaign.

March 2023 Pricing Trends: Champaign vs. National Comparisons

Champaign Rent Prices More Affordable Than Major Cities

Rent growth in Champaign over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Champaign average rent prices appear to be relatively affordable for local residents.

The price for a Champaign one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Champaign and surrounding area rent prices, take a look at the complete data set below.

Data set for Champaign and suburbs

1 BR March 1 BR M/M % Change 2 BR March 2 BR M/M % Change
Champaign, IL $846.0 0.83% $1,185.0 -1.09%
Urbana, IL $703.0 0.00% $923.0 -1.28%
Rantoul, IL $647.0 0.31% $734.0 0.41%
Savoy, IL $927.0 4.04% $1,204.0 -1.39%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.