
Cheap Homes for Rent in Allerton, IL from $600 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Allerton.


304 S East St

203 Wabash Ave

904 N Broadway Ave

1404 S Cottage Grove Ave

205 E North St

1506 S Philo Rd

407 S Anderson St

409 S Anderson St

2306 S Lynn St
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
Allerton, IL Local Guide

How much does it cost to rent a home in Allerton?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Allerton 2 Bedroom Homes for Rent | $1,326 | $900 | $1,800 |
Allerton 3 Bedroom Homes for Rent | $1,678 | $925 | $2,900 |
Allerton 4 Bedroom Homes for Rent | $2,324 | $1,395 | $2,930 |
Allerton 5 Bedroom Homes for Rent | $3,016 | $2,000 | $3,950 |
Browse Top Homes for Rent in Allerton
Explore Allerton
Allerton, IL Local Guide
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Cheapest Available Allerton Apartments for Rent and Nearby
 The cheapest available apartment rental in Allerton, IL is a Studio unit found at Brookhaven priced from $525. 106 N gregory has the second lowest priced unit, which is a 1 Bed apartment currently listed from $735. Here is today’s list of the most affordable Allerton apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Brookhaven | Studio | Studio,1BA | $525 |
106 N gregory | 1 bed | 1BR,1BA | $735 |
Kobuck Apartments | 1206 Wesley Ave 1bd/1ba | 1BR,1BA | $795 |
Best Value Apartments for Rent in Allerton, IL and Nearby
As of April 18, 2025 the best value apartment in the Allerton area is the $1.07 price per square foot 2 Bedroom/2.5 bath Model at 200 Vine St in the starting from $1,675. The second greatest value Allerton apartment is the D2 Model at Campus Circle Urbana starting at $989 with a $0.72 price per square foot in the Downtown Champaign neighborhood. Here is today’s list of the best values for Allerton apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
200 Vine St | 2 Bedroom/2.5 bath | 2BR,2BA | $1.07 |
Campus Circle Urbana | D2 | 4BR,4BA | $0.72 |
The Whitney Apartments | Modern 3BR/3BA Apartment – Comfortable Living i... | 3BR,3BA | $1.40 |
Campus Oaks | Floorplan A - Price per person | 4BR,2BA | $0.60 |
202 E Crockett | 2 Bedroom | 2BR,1BA | $1.05 |
Aspen Court | The Sugar Maple | 2BR,1.5BA | $1.10 |
Parkside | 2 Bedroom 1 Bath 850 SF Upgrade | 2BR,1BA | $1.21 |
Stone Ridge Square | 1 Bedroom 1 Bath 730 SF | 1BR,1BA | $1.34 |
106 N gregory | 1 bed | 1BR,1BA | $1.05 |
Brookhaven | 1 Bed/ 1 Bath | 1BR,1BA | $1.54 |
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Frequently Asked Questions about Allerton
What type of rentals are currently available in Allerton?
There are currently 44 Apartments for Rent in Allerton, IL with pricing that ranges from $525 to $3,360. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Allerton ranging from $690 to $3,950.
What is the current price range for Rental Homes in Allerton?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Allerton ranges from $690 to $3,950 with an average monthly rent of $1,755.
How much are larger Three and Four Bedroom Rentals in Allerton?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Allerton range from $875 to $2,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $925 to $2,900. Four Bedroom Single-Family rentals are also available starting from $1,395 and Four Bedroom Apartments start at $780.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.