Cheap Homes for Rent in Rankin, IL from $400 (13 Rentals)

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Rankin, IL Local Guide

Cheapest Available Rankin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Rankin, IL is a Studio unit found at Windcrest Apartments in the Downtown Champaign neighborhood priced from $615. 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 Rankin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Windcrest ApartmentsStudio / 1 BathroomStudio,1BA$615
Brunswick ApartmentsStudioStudio,1BA$625
Country Manor Apartments1BR/1.0BA1BR,1BA$649
The Grove1 Bed 1 Bath1BR,1BA$726
Falcon Way TownhomesTwo Bedroom Townhome2BR,1BA$734

Best Value Apartments for Rent in Rankin, IL and Nearby

As of April 04, 2025 the best value apartment in the Rankin 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 Rankin 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 Rankin 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$0.80
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
Campus Circle UrbanaB12BR,2BA$1.26
The Grove1 Bed 1 Bath1BR,1BA$0.97
Prairie Green Apartment Homes1 Bed 1 Bath1BR,1BA$1.20

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Frequently Asked Questions about Rankin

What type of rentals are currently available in Rankin?

There are currently 37 Apartments for Rent in Rankin, IL with pricing that ranges from $612 to $2,255. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rankin ranging from $495 to $3,350.

What is the current price range for Rental Homes in Rankin?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Rankin ranges from $495 to $3,350 with an average monthly rent of $1,342.

How much are larger Three and Four Bedroom Rentals in Rankin?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Rankin range from $780 to $1,561, while Three Bedroom Homes, Condos, and Townhomes for rent range from $675 to $2,100. 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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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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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.

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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.