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Apartments Under $500 in Champaign, IL

1 - 30 of 49 Results
6
$450
107DAN
107 E. Daniel Champaign, IL
4 BR | Aug. 20, 2026
Contact
Furnished
Student
Air Conditioning
Storage
Disability Access
1
$450
1010FRI
1010 S First St Champaign, IL
2 BR | Aug. 20, 2026
Contact
Furnished
Student
Air Conditioning
Surface Parking
Storage
1
$450
1012FRI
1012 S First St Champaign, IL
2 BR | Aug. 20, 2026
Contact
Furnished
Student
Air Conditioning
Storage
Disability Access
4
$450
305JOH
305 E John St Champaign, IL
4 BR | Aug. 20, 2026
Contact
Furnished
Student
Air Conditioning
Covered Parking
In Unit Laundry
13
$450
59JOH
59 E John St Champaign, IL
3 BR | Aug. 20, 2026
Contact
Furnished
Air Conditioning
Surface Parking
In Unit Laundry
Storage
1
$450
107WRI
107 S. Wright Champaign, IL
3 BR | Aug. 20, 2026
Contact
Furnished
Air Conditioning
Surface Parking
Storage
Disability Access
4
$398
PER
ROOM
1011 S. Locust
Champaign, IL
2 BR | Available Now
Contact
Heat Included
Furnished
Campustown Rentals
8
$499
PER
ROOM
903 W. Oregon St.
Champaign, IL
2 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Dishwasher
8
$320 - 408
PER
ROOM
402 S Fifth
Champaign, IL
4 BR | Available Now
Contact
Furnished
Student
Virtual Tour
Air Conditioning
Covered Parking
9
3D Tour
$212 - 288
PER
BED
The Duplexes
4.0
3a Hanover Court Champaign, IL
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
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
4
$384 - 459
PER
ROOM
909 S. Third St.
Champaign, IL
3 - 5 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Covered Parking
Balcony/Deck/Patio
25
$500
312 South State Street
Champaign, IL
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
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
20
3D Tour
$495 - 570
Gramercy Park Apartments
2106 W. White Street Champaign, IL
1 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Surface Parking
6
$415
507 W Church
Champaign, IL
Studio | Available Now
Contact
Furnished
Air Conditioning
Dishwasher
Downtown
8
3D Tour
$499 - 588
PER
ROOM
608 E Chalmers
Champaign, IL
4 BR | Available Now
Contact
Furnished
Student
Virtual Tour
Air Conditioning
Covered Parking
6
3D Tour
$400 - 605
PER
ROOM
52 E Armory
Champaign, IL
2 - 4 BR | Available Now
Contact
Furnished
Student
Virtual Tour
Air Conditioning
Covered Parking
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
$474
PER
ROOM
903 S. Fourth St.
Champaign, IL
2 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Dishwasher
9
$500
Boutique Vintage
703 W Park Champaign, IL
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
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
5
$265 - 475
PER
ROOM
510 E White
4.0
Champaign, IL
2 - 4 BR | Available Now
Contact
Furnished
Student
Virtual Tour
Air Conditioning
Dishwasher
11
$499
PER
ROOM
Castle On Locust
1007 S. Locust St Champaign, IL
4 BR | Available Now
Contact
Furnished
Student
Covered Parking
In Unit Laundry
Dishwasher
7
3D Tour
$482 - 568
PER
ROOM
105 S Wright
Champaign, IL
4 BR | Available Now
Contact
Furnished
Student
Virtual Tour
Air Conditioning
Covered Parking
6
3D Tour
$390 - 485
PER
ROOM
506 S Fourth
Champaign, IL
4 BR | Available Now
Contact
Furnished
Virtual Tour
Air Conditioning
Covered Parking
Balcony/Deck/Patio
8
$494
PER
ROOM
305 E. Green
Champaign, IL
3 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Student
Air Conditioning
4
3D Tour
$440 - 605
PER
ROOM
57 E Chalmers
Champaign, IL
2 - 4 BR | Available Now
Contact
Furnished
Student
Virtual Tour
Air Conditioning
Covered Parking
10
$440
PER
ROOM
807 S Locust
Champaign, IL
4 BR | Available Now
Contact
Furnished
Student
Balcony/Deck/Patio
Dishwasher
Campustown Rentals
22
$420 - 495
PER
ROOM
Horizon
102 S Lincoln Ave Champaign, IL
2 - 4 BR | Available Now
Contact
Furnished
Student
Virtual Tour
Covered Parking
Balcony/Deck/Patio
1 - 30 of 49 Results
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  2. Champaign
  3. Apartments Under $500
Frequently Asked Questions

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

There are 49 apartments under $500 in Champaign currently available for rent on Rentable.co.

How many studio apartments under $500 are available in Champaign?

Rentable.co has 14 studio apartments under $500 available for rent in Champaign.

How many one-bedroom apartments under $500 are available in Champaign?

Rentable.co has 38 one-bedroom apartments under $500 available for rent in Champaign.

How many two-bedroom apartments under $500 are available in Champaign?

Rentable.co has 66 two-bedroom apartments under $500 available for rent in Champaign.

Can I afford a apartment under $500 in Champaign, IL?

To comfortably afford a apartment under $500 in Champaign based on average rent prices, a household would need an annual income of $18,000.

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

  1. Campustown Rentals
  2. Midtown
  3. Downtown

Apartments Under $500 in Champaign, IL: August Rental Information

Welcome to the August 2026 Champaign Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the August 2026 key findings and figures for the Champaign rental landscape.

Our experts analyze the inventory trends for apartments under $500 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Champaign and surrounding areas. This summary also provides insight into available features and amenities, as well as location options for apartments under $500 in Champaign.

With the August 2026 Champaign Apartment Report, renters can get a clear overview of the rental market, making it easier to find the perfect apartment that meets their budget and lifestyle. Whether you are a student, young professional, or someone looking for affordable housing options in Champaign, this report serves as a valuable resource to help you make an informed decision.
0 5 10 15 20 <$600 $640 $720 $800 $880 $960 $1,040 $1,120 $1,200 $1,280 $1,360 $1,440 >$1,520
This month, the typical cost to rent a one-bedroom apartment in Champaign stands at $1,250, with the majority falling between $560 and $1,610. Out of the 1,011 one-bedroom apartments currently on the market in Champaign, 13 are priced below $500, accounting for 1% of the total available one-bedroom units in Champaign.

Available Apartments Under $500: Champaign vs. Surrounding Areas

Champaign, IL
Urbana, IL
44
21
In August 2026, there are a variety of affordable housing options available in Champaign, IL and the surrounding cities. The chart above displays the number of apartments under $500 currently listed on Rentable in Champaign, IL and its neighboring cities. Champaign has the highest number of available apartments, representing 63 units of rental inventory in the metro area. Additionally, the chart reveals the availability of affordable apartments in Savoy, Urbana, Villa Grove, Rantoul, Monticello, Pesotum, Mahomet, Tuscola, and St Joseph, providing renters with diverse options to choose from in the Champaign area.

Apartments Under $500 Now vs. Last Month: Champaign and Surrounding Areas

City Apartments Under $500 in August M/M % Change
Champaign, IL 45 +0.99%
Urbana, IL 21 +1.01%
Rantoul, IL 1 +0.83%

Looking for Apartments Under $500 in Champaign?

Available apartments under $500 202
Top amenities Dishwasher, Furnished, Refrigerator, Trash Removal Included, Range / Oven
Pet friendly 43
Utilities included 18
Furnished 74
2 Bedroom 25
3 Bedroom 21
4 Bedroom 31

Where are Champaign Apartments Under $500?

Top Neighborhoods Campustown rentals, Midtown, Downtown
Campustown Rentals 10
Midtown 2
Downtown 1
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