Cheap Apartments for Rent in Mahomet, IL from $500 (24 Rentals)

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Search the lowest-cost Apartments available for rent right now in Mahomet.

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Lake of the Woods
2 Bedroom Apartments

Lake of the Woods

307 N Prairie View RdMahomet, IL 61853
Utilities inc.
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Twin Oaks
1 Bedroom Apartments

Twin Oaks

2415-2435 W Bradley AveChampaign, IL 61821
Utilities inc.
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Barrington
1 Bedroom Apartments

Barrington

2541-2553 W Springfield AveChampaign, IL 61821
Utilities inc.
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Carisbrooke Apartments
1 to 2 Bedroom Apartments

Carisbrooke Apartments

2407 Hampshire DrChampaign, IL 61820
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2003 S Mattis Ave
$9002 Bedroom, 1 Bath RentalsAvailable Now

2003 S Mattis Ave

Champaign, IL 61821
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Mahomet, IL Local Guide

Cheapest Available Mahomet Apartments for Rent and Nearby

 

The cheapest available apartment rental in Mahomet, IL is a 1 Bed unit found at 508 W White in the Downtown Champaign neighborhood priced from $555. Windcrest Apartments in the Downtown Champaign neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $615. Here is today’s list of the most affordable Mahomet apartments for rent:

Apartment ListingModel NameBed/BathPriced From
508 W WhiteThe Holiday1BR,1BA$555
Windcrest ApartmentsStudio / 1 BathroomStudio,1BA$615
Clark StreetThe Lewis1BR,1BA$750
Garden Court Apartments2 BR / 1 BA2BR,1BA$815
Park VistaTwo Bedroom2BR,1BA$895

Best Value Apartments for Rent in Mahomet, IL and Nearby

As of February 27, 2025 the best value apartment in the Mahomet area is the $1.31 price per square foot Redwood Model at Middletown Place Apartments in the starting from $1,975. The second greatest value Mahomet apartment is the Cape Cod III Model at Baytowne Apartments starting at $1,620 with a $1.17 price per square foot . Here is today’s list of the best values for Mahomet apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Middletown Place ApartmentsRedwood3BR,2BA$1.31
Baytowne ApartmentsCape Cod III2BR,1BA$1.17
Prestwick Point706 Inverness Dr2BR,2BA$1.16
Stonegate Village by Royse + BrinkmeyerThe Sandstone w/ Loft- Remodeled2BR,1.5BA$1.22
Meadowview Apartments - MahometThree Bedroom Two Bathroom3BR,2BA$0.82
Colony CourtTwo Bedroom2BR,1BA$1.13
Lincolnshire West2 Bedroom Garden Premium2BR,1.5BA$1.39
Park VistaTwo Bedroom2BR,1BA$1.08
Garden Court Apartments2 BR / 1 BA2BR,1.5BA$1.09
508 W WhiteThe Holiday1BR,1BA$1.11

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Location, Location, Location!

Explore Mahomet, IL Rentals by Map

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Getting Around Mahomet, IL

Walk Score®

28 / 100

Car-Dependent

Most errands require a car

Bike Score®

34 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Mahomet Apartments

What is the Cheapest Studio apartment in Mahomet?

Currently the most affordable Cheap Studio Apartment in Mahomet is at Windcrest Apartments listed at $615.

How much is rent for a Cheap One Bedroom Mahomet Apartment?

The lowest price for a Cheap One Bedroom Mahomet Apartment is $555 at 508 W White.

What is the lowest price for a Cheap Two Bedroom Mahomet Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Mahomet is starting from $755 at Clark Street.

What is the most affordable Mahomet Three Bedroom Apartment?

The best deal on a cheap Mahomet Three Bedroom Apartment rental is at 508 W White and starts from $900.

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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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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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.

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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.