Cheap Apartments for Rent in the Downtown Champaign Neighborhood of Champaign, IL from $300 (89 Rentals)

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Cheap Apartments in the Downtown Champaign area of Champaign.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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706 S Locust St
2 Bedroom Apartments

706 S Locust St

706 S Locust StChampaign, IL 61820
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205 Stoughton
Studio to 3 Bedroom Apartments

205 Stoughton

205 E Stoughton StChampaign, IL 61820
Student Housing
  • Utilities Included
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305JOH
4 Bedroom Apartments

305JOH

305 E John StChampaign, IL 61820
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304 E Clark
4 Bedroom Apartments

304 E Clark

304 E Clark StChampaign, IL 61820
Student Housing
  • Utilities Included
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308 East Armory
Studio Apartments

308 East Armory

308 E Armory AveChampaign, IL 61820
  • Utilities Included
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Armory Manor
Studio Apartments

Armory Manor

307 E Armory AveChampaign, IL 61820
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207 E Healey St
1 Bedroom Apartments

207 E Healey St

207-209 E Healey StChampaign, IL 61820
  • Utilities Included
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207 S Fifth
4 Bedroom Apartments

207 S Fifth

207 S 5th StChampaign, IL 61820
Student Housing
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1002SEC
4 Bedroom Apartments

1002SEC

1002 S 2nd StChampaign, IL 61820
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Lofts On Green
1 Bedroom Apartments

Lofts On Green

409 W Green StChampaign, IL 61820
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White
Studio Apartments

White

511 E Clark StChampaign, IL 61820
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Prairie Place
2 Bedroom Apartments

Prairie Place

310-316 S Prairie StChampaign, IL 61820
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Clark Street House
Studio to 3 Bedroom Apartments

Clark Street House

613 W Healey StChampaign, IL 61820
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306 E Clark
3 Bedroom Apartments

306 E Clark

306 E Clark StChampaign, IL 61820
Student Housing
  • Utilities Included
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Healey Gardens
Studio to 2 Bedroom Apartments

Healey Gardens

607-611 W Healey StChampaign, IL 61820
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Bankier Apartments
Studio to 2 Bedroom Apartments

Bankier Apartments

805 S 4th StChampaign, IL 61820
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1106 S Euclid
Studio Apartments

1106 S Euclid

1106 Euclid StChampaign, IL 61820
Student Housing
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510 S Elm
2 Bedroom Apartments

510 S Elm

510 S Elm StChampaign, IL 61820
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108 S 4th St
Studio to 2 Bedroom Apartments

108 S 4th St

108 S 4th StChampaign, IL 61820
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Chalmers Manor
Studio to 2 Bedroom Apartments

Chalmers Manor

105 E Chalmers StChampaign, IL 61820
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202 E Chalmers
4 Bedroom Apartments

202 E Chalmers

202 E Chalmers StChampaign, IL 61820
  • Utilities Included

Downtown Champaign, Champaign, IL Local Guide

Cheapest Available Downtown Champaign Apartments for Rent

 

The cheapest available apartment rental in the Downtown Champaign area of Champaign, IL is a 4 Beds unit found at 305JOH priced from $455. 205 Stoughton has the second lowest priced unit, which is a Studio apartment currently listed from $455. Here are the most affordable Downtown Champaign apartments for rent in Champaign, IL:

Apartment ListingModel NameBed/BathPriced From
305JOH305 John 4 Bedroom4BR,3BA$455
205 StoughtonOLD - BTB - 4x2Studio,2BA$455
207 S FifthIMMEDIATE MOVE IN - Individual Lease in a 4x2 U...4BR,2BA$565
1002SEC4 Bed, 2 Bath on Frat Park4BR,2BA$567
Windcrest ApartmentsStudio / 1 BathroomStudio,1BA$615
202 E ChalmersIMMEDIATE MOVE IN - Individual Lease in a 4x3! ...4BR,3BA$670
Clark StreetThe Lewis1BR,1BA$750
The Courtyard on Randolph2BR/ 1BA2BR,1BA$900
West Quad4BR/4BA - Terrace Deluxe4BR,4BA$999

Best Value Apartments for Rent in Downtown Champaign, IL

As of May 04, 2025 the best value apartment in the Downtown Champaign area is the $0.94 price per square foot 512 E John St Model at 512 E John St, Unit One and a half in the in the Downtown Champaign neighborhood starting from $1,317. The second greatest value Downtown Champaign 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 Downtown Champaign apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
512 E John St, Unit One and a half512 E John St3BR,1BA$0.94
Campus Circle UrbanaD24BR,4BA$0.72
202 E ChalmersIMMEDIATE MOVE IN - Individual Lease in a 4x3! ...4BR,3BA$0.61
205 StoughtonOLD - BTB - 4x2Studio ,2BA$0.44
702 W Green St, Unit 3702 W Green St3BR,1BA$1.00
Lancaster Apartments3 x 13BR,1BA$0.77
207 S FifthIMMEDIATE MOVE IN - Individual Lease in a 4x2 U...4BR,2BA$0.59
112 E. Green St by Bankier Apartments2 Bed 1 Bath2BR,1BA$1.06
705 S 1st St4 bed, W/D, short term4BR,2BA$1.15
The Courtyard on Randolph2BR/ 1BA2BR,1BA$1.06

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Pet Friendly Lifestyle
Downtown Champaign, Champaign, IL

Ranked #1

Among neighborhoods in Champaign, IL for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the Downtown Champaign Neighborhood in Champaign, IL

Walk Score®

86 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

88 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

59 / 100

Good Transit

Many nearby public transportation options

Frequently Asked Questions about Cheap Downtown Champaign Apartments

What is a cheap apartment in Downtown Champaign?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Champaign is under $999.

What is the price of a cheap apartment in Downtown Champaign?

The cheapest apartment in Downtown Champaign is Clark Street which is listed at $750, while the average apartment in Downtown Champaign costs $3,900.

What types of apartments are the cheapest in Downtown Champaign?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 49 regular apartments in Downtown Champaign that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Downtown Champaign?

Cheap apartments in Downtown Champaign have an average cost of $1,293 which is $2,607 cheaper than the average rent for all rentals in Downtown Champaign.

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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.