Cheap Apartments for Rent in Penfield, IL from $500 (25 Rentals)

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302 W Locust St
1 Bedroom Apartments

302 W Locust St

302 W Locust StUrbana, IL 61801
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Willow Springs
2 Bedroom Apartments

Willow Springs

1606 Willow View RdUrbana, IL 61802
Furnished
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Penfield, IL Local Guide

Cheapest Available Penfield Apartments for Rent and Nearby

 

The cheapest available apartment rental in Penfield, IL is a Studio unit found at Brunswick Apartments priced from $625. Country Manor Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $649. Here is today’s list of the most affordable Penfield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Brunswick ApartmentsStudioStudio,1BA$625
Country Manor Apartments1BR/1.0BA1BR,1BA$649
Falcon Way TownhomesTwo Bedroom Townhome2BR,1BA$704
Prairie Green Apartment Homes1 Bed 1 Bath1BR,1BA$775
808 N Lincoln Ave1 bed1BR,1BA$795

Best Value Apartments for Rent in Penfield, IL and Nearby

As of March 10, 2025 the best value apartment in the Penfield 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 Penfield apartment is the Three Bedroom Standar Model at Capstone Quarters starting at $560 with a $0.40 price per square foot in the Midtown Champaign neighborhood. Here is today’s list of the best values for Penfield apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
200 Vine St2 Bedroom/2.5 bath2BR,2BA$1.07
Capstone QuartersThree Bedroom Standar3BR,3BA$0.40
Devonshire Village2 Bed 2 Bath Private Entry2BR,2BA$1.21
South Pointe CommonsSouth Pointe 3bd/1.5ba Townhouse3BR,1.5BA$0.85
Campus OaksFloorplan A - Price per person4BR,2BA$0.60
Aspen CourtThe Sugar Maple2BR,1.5BA$1.10
Country Manor Apartments1BR/1.0BA1BR,1BA$0.76
Parkside- Pets AllowedUpgraded Two Bedroom One Bath2BR,1BA$1.21
Falcon Way TownhomesTwo Bedroom Townhome2BR,1BA$0.88
Prairie Green Apartment Homes1 Bed 1 Bath1BR,1BA$1.20

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Frequently Asked Questions about Cheap Penfield Apartments

What is the Cheapest Studio apartment in Penfield?

Currently the most affordable Cheap Studio Apartment in Penfield is at Brunswick Apartments listed at $625.

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

The lowest price for a Cheap One Bedroom Penfield Apartment is $649 at Country Manor Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Penfield is starting from $699 at Country Manor Apartments.

What is the most affordable Penfield Three Bedroom Apartment?

The best deal on a cheap Penfield Three Bedroom Apartment rental is at South Pointe Commons and starts from $892.

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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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.