414 Front St
HoopestonIL60942
Cheap Homes for Rent in Penfield, IL from $400 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Penfield.
502 E Harding Dr
UrbanaIL61801
1088 Eastview Dr
RantoulIL61866
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
515 Sheridan St
DanvilleIL61832
505 Sheridan St
DanvilleIL61832
202 S Lynn St
UrbanaIL61802
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
1320 McCullough St
RantoulIL61866
2006 Rainbow View
UrbanaIL61802
1001 E Washington St
UrbanaIL61801
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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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 | $1,094 | $495 | $1,700 |
| Penfield 3 Bedroom Homes for Rent | $1,551 | $1,050 | $2,350 |
| Penfield 5 Bedroom Homes for Rent | $2,600 | $2,100 | $3,100 |
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 3 Beds unit found at Parker Glen priced from $525. Brunswick Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here is today’s list of the most affordable Penfield apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Parker Glen | 3 Bedroom | 3BR,2BA | $525 |
| Brunswick Apartments | Studio | Studio,1BA | $625 |
| Country Manor Apartments | 1BR/1.0BA | 1BR,1BA | $649 |
Best Value Apartments for Rent in Penfield, IL and Nearby
As of May 17, 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 $565 with a $0.40 price per square foot in the Campustown IL 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 |
| Falcon Way Townhomes | Three Bedroom Townhome | 3BR,1BA | $0.85 |
| South Pointe Commons | South Pointe 3bd/1.5ba Townhouse | 3BR,1.5BA | $0.79 |
| 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 |
Quick Rent Budget Calculator
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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 $1,835. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Penfield ranging from $495 to $3,100.
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 $495 to $3,100 with an average monthly rent of $1,486.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.