Cheap Apartments for Rent in Oakwood, IL from $500 (53 Rentals)

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

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302 W Locust St
from $6851 Bedroom Apartments

302 W Locust St

302 W Locust StUrbana, IL 61801
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211 N Central
Rent Specials
from $8351 Bedroom Apartments

211 N Central

211 N Central AveUrbana, IL 61801
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Willow Springs
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from $8752 Bedroom Apartments

Willow Springs

1606 Willow View RdUrbana, IL 61802
Furnished
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Showing Results 1-50, Page 1 of 2

Oakwood, IL Local Guide

Cheapest Available Oakwood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Oakwood, IL is a Studio unit found at Brookhaven priced from $525. Urbana Estates has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Oakwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
BrookhavenStudioStudio,1BA$525
Urbana Estates1x1Urbana Estates1BR,1BA$675
Golfview VillageThe Gilmore2BR,1BA$690
Brunswick ApartmentsStudioStudio,1BA$699
The Grove1 Bed 1 Bath1BR,1BA$726
106 N gregory1 bed1BR,1BA$735
808 N Lincoln Ave1 bed1BR,1BA$795
Townway Place1 Bedroom Remodel1BR,1BA$809
Aspen CourtThe Beech1BR,1BA$809
Devonshire Village1 Bed 1 Bath1BR,1BA$849

Best Value Apartments for Rent in Oakwood, IL and Nearby

As of January 08, 2025 the best value apartment in the Oakwood 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 Oakwood apartment is the 2 Bed 2 Bath Private Entry Model at Devonshire Village starting at $1,450 with a $1.21 price per square foot . Here is today’s list of the best values for Oakwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
200 Vine St2 Bedroom/2.5 bath2BR,2BA$1.07
Devonshire Village2 Bed 2 Bath Private Entry2BR,2BA$1.21
Campus OaksFloorplan A - Price per person4BR,2BA$0.60
Golfview VillageThe Gilmore2BR,1.5BA$0.69
Stone Ridge SquareTwo Bedroom One Bathroom Upgrade2BR,1BA$1.23
The Pointe at U of ITwo Bedroom2BR,2BA$0.80
University ParkTwo Bedroom2BR,1BA$1.06
The Grove1 Bed 1 Bath1BR,1BA$0.97
106 N gregory1 bed1BR,1BA$1.05
Urbana Estates1x1Urbana Estates1BR,1BA$1.03

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Getting Around Oakwood, IL

Walk Score®

18 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

32 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Oakwood Apartments

What is the Cheapest Studio apartment in Oakwood?

Currently the most affordable Cheap Studio Apartment in Oakwood is at Brookhaven listed at $525.

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

The lowest price for a Cheap One Bedroom Oakwood Apartment is $650 at Brookhaven.

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

Today's best deal for a Cheap Two Bedroom Apartment in Oakwood is starting from $690 at Golfview Village.

What is the most affordable Oakwood Three Bedroom Apartment?

The best deal on a cheap Oakwood Three Bedroom Apartment rental is at Golfview Village and starts from $770.

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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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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Navigating the World of Low-Income Housing: A Comprehensive Guide

Written by: Kevin Ready

Are you having difficulty keeping up with bills or paying the rent? If so, you are not alone. Many families struggle to keep up with rents that have increased up to 40% in the past decade.

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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.

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Real Estate Term Glossary: Your Guide to The A to Zs of Renting

Written by: Kevin Ready

Navigating the world of real estate can reveal an abundance of terminology and phrasing around the topics of renting and buying that for some may seem like a brand-new language.