Cheap Apartments for Rent in the Downtown Champaign Neighborhood of Champaign, IL from $300 (81 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Champaign area of Champaign.

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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 4 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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Armory Manor
Studio Apartments

Armory Manor

307 E Armory AveChampaign, IL 61820
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308 East Armory
Studio Apartments

308 East Armory

308 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
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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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48 E John
3 Bedroom Apartments

48 E John

48 E John StChampaign, IL 61820
Student Housing
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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
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Illini Manor
Studio Apartments

Illini Manor

401 E Chalmers StChampaign, IL 61820
Student Housing
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606 S Prairie St
1 Bedroom Apartments

606 S Prairie St

606 S Prairie StChampaign, IL 61820
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408 E Stoughton St
Studio Apartments

408 E Stoughton St

408 E Stoughton StChampaign, IL 61820
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110 E John St.
1 Bedroom Apartments

110 E John St.

110 E John StChampaign, IL 61820
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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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58 E Healey
1 Bedroom Apartments

58 E Healey

56-58 E Healey StChampaign, IL 61820

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
508 W WhiteThe Holiday1BR,1BA$835
Garden Court Apartments2 BR / 1 BA2BR,1BA$850

Best Value Apartments for Rent in Downtown Champaign, IL

As of March 30, 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 D1 - Model at Pacifica on Green starting at $829 with a $0.63 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
Pacifica on GreenD1 -4BR,3BA$0.63
302 W Columbia Ave, Unit 1302 W Columbia Ave2BR,1BA$1.04
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
Garden Court Apartments2 BR / 1 BA2BR,1.5BA$1.13

Quick Rent Budget Calculator

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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 $850.

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 $3,300.

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 56 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 $1,142 which is $2,158 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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

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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.

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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.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.