1905 N Lincoln Ave
UrbanaIL61801
Cheap Homes for Rent in Penfield, IL from $500 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Penfield.
414 Front St
HoopestonIL60942
202 S Lynn St
UrbanaIL61802
1020 Robinson St
DanvilleIL61832
1320 McCullough St
RantoulIL61866
802 E Green St
UrbanaIL61802
1215 Chandler St
DanvilleIL61832
904 N Broadway Ave
UrbanaIL61801
Showing Results 1-8, Page 1 of 1
Penfield, IL Local Guide
Maple's during fall by Amanda Landers is licensed under CC BY 2.0
How much does it cost to rent a home in Penfield?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penfield 2 Bedroom Homes for Rent | $1,085 | $650 | $1,700 |
| Penfield 3 Bedroom Homes for Rent | $1,703 | $1,050 | $3,000 |
| Penfield 4 Bedroom Homes for Rent | $1,805 | $895 | $2,380 |
| Penfield 5 Bedroom Homes for Rent | $3,050 | $2,100 | $3,950 |
| Penfield 6 Bedroom Homes for Rent | $3,350 | $3,350 | $3,350 |
Browse Top Homes for Rent in Penfield
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Penfield, IL Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Brunswick Apartments | Studio | Studio,1BA | $625 |
| Country Manor Apartments | 1BR/1.0BA | 1BR,1BA | $649 |
| Falcon Way Townhomes | Two Bedroom Townhome | 2BR,1BA | $768 |
Best Value Apartments for Rent in Penfield, IL and Nearby
As of March 22, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 200 Vine St | 2 Bedroom/2.5 bath | 2BR,2BA | $1.07 |
| Capstone Quarters | Three Bedroom Standar | 3BR,3BA | $0.40 |
| Devonshire Village | 2 Bed 2 Bath Private Entry | 2BR,2BA | $1.21 |
| Campus Oaks | Floorplan A - Price per person | 4BR,2BA | $0.60 |
| Aspen Court | The Sugar Maple | 2BR,1.5BA | $1.10 |
| Parkside- Pets Allowed | Upgraded Two Bedroom One Bath | 2BR,1BA | $1.21 |
| Country Manor Apartments | 1BR/1.0BA | 1BR,1BA | $0.76 |
| Falcon Way Townhomes | Two Bedroom Townhome | 2BR,1BA | $0.96 |
| Campus Circle Urbana | B1 | 2BR,2BA | $1.26 |
| Prairie Green Apartment Homes | 1 Bed 1 Bath | 1BR,1BA | $1.20 |
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Frequently Asked Questions about Penfield
What type of rentals are currently available in Penfield?
There are currently 38 Apartments for Rent in Penfield, IL with pricing that ranges from $611 to $1,818. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Penfield ranging from $525 to $3,950.
What is the current price range for Rental Homes in Penfield?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Penfield ranges from $525 to $3,950 with an average monthly rent of $1,906.
How much are larger Three and Four Bedroom Rentals in Penfield?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Penfield range from $821 to $1,565, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,050 to $3,000. Four Bedroom Single-Family rentals are also available starting from $895 and Four Bedroom Apartments start at $1,000.
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.
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.
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.
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.
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.