1905 N Lincoln Ave
UrbanaIL61801
Cheap Homes for Rent in Penfield, IL from $500 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Penfield.
202 S Lynn St
UrbanaIL61802
515 Sheridan St
DanvilleIL61832
706 Edith St
DanvilleIL61832
1320 McCullough St
RantoulIL61866
1215 Chandler St
DanvilleIL61832
911 W Main St
HoopestonIL60942
304 S East St
OgdenIL61859
1012 Chandler St
DanvilleIL61832
904 N Broadway Ave
UrbanaIL61801
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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 | $1,142 | $710 | $1,800 |
| Penfield 3 Bedroom Homes for Rent | $1,629 | $1,065 | $2,300 |
| Penfield 4 Bedroom Homes for Rent | $1,860 | $825 | $2,400 |
| Penfield 5 Bedroom Homes for Rent | $2,787 | $2,000 | $3,950 |
Browse Top Homes for Rent in Penfield
Explore Penfield
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 |
| 808 N Lincoln Ave | 1 bed | 1BR,1BA | $795 |
Best Value Apartments for Rent in Penfield, IL and Nearby
As of April 16, 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 |
| Campus Circle Urbana | D2 | 4BR,4BA | $0.72 |
| Devonshire Village | 2 Bed 2 Bath Private Entry | 2BR,2BA | $1.21 |
| Hunters Pond Apartment Homes | Two Bedroom | 2BR,2BA | $1.27 |
| South Pointe Commons | South Pointe 3bd/1.5ba Townhouse | 3BR,1.5BA | $0.78 |
| Campus Oaks | Floorplan A - Price per person | 4BR,2BA | $0.60 |
| Aspen Court | The Sugar Maple | 2BR,1.5BA | $1.10 |
| Parkside | 2 Bedroom 1 Bath - 850 SF | 2BR,1BA | $1.19 |
| Country Manor Apartments | 1BR/1.0BA | 1BR,1BA | $0.76 |
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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 $625 to $1,823. There are also 35 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 $1,578.
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 $780 to $1,469, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,065 to $2,300. Four Bedroom Single-Family rentals are also available starting from $825 and Four Bedroom Apartments start at $1,207.
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.
Know Your Rights - How Discrimination Laws Impact Landlords & Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.
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.
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.