
Cheap Homes for Rent in Rankin, IL from $500 (17 Rentals)
Search the lowest-cost Homes available for rent right now in Rankin.


36 Lake St

22 Delaware Ave

835 Johnson St

515 Sheridan St

50 Lake St

16 S Buchanan St

422 Anderson St

202 S Lynn St

1007 May St
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.

706 Edith St

1320 McCullough St

1304 Lape St

732 South St

12 S Virginia Ave

9 Cronkhite Ave

304 S East St
Rankin, IL Local Guide

How much does it cost to rent a home in Rankin?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Rankin 2 Bedroom Homes for Rent | $840 | $695 | $1,700 |
Rankin 3 Bedroom Homes for Rent | $1,247 | $775 | $2,100 |
Rankin 4 Bedroom Homes for Rent | $1,460 | $895 | $2,300 |
Rankin 5 Bedroom Homes for Rent | $1,095 | $1,095 | $1,095 |
Browse Top Homes for Rent in Rankin
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Rankin, IL Local Guide
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Cheapest Available Rankin Apartments for Rent and Nearby
 The cheapest available apartment rental in Rankin, IL is a 3 Beds unit found at Parker Glen priced from $525. Windcrest Apartments in the Downtown Champaign neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $615. Here is today’s list of the most affordable Rankin apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Parker Glen | 3 Bedroom | 3BR,2BA | $525 |
Windcrest Apartments | Studio / 1 Bathroom | Studio,1BA | $615 |
Brunswick Apartments | Studio | Studio,1BA | $625 |
Country Manor Apartments | 1BR/1.0BA | 1BR,1BA | $649 |
The Grove | 1 Bed 1 Bath | 1BR,1BA | $726 |
Best Value Apartments for Rent in Rankin, IL and Nearby
As of April 26, 2025 the best value apartment in the Rankin area is the $1.15 price per square foot Islander Model at Baytowne Apartments in the starting from $1,890. The second greatest value Rankin apartment is the 2 Bedroom/2.5 bath Model at 200 Vine St starting at $1,675 with a $1.07 price per square foot . Here is today’s list of the best values for Rankin apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Baytowne Apartments | Islander | 2BR,2.5BA | $1.15 |
200 Vine St | 2 Bedroom/2.5 bath | 2BR,2BA | $1.07 |
Campus Circle Urbana | D2 | 4BR,4BA | $0.72 |
Parker Glen | 3 Bedroom | 3BR,2BA | $0.41 |
Devonshire Village | 2 Bed 2 Bath Private Entry | 2BR,2BA | $1.21 |
South Pointe Commons | South Pointe 3bd/1.5ba Townhouse | 3BR,1.5BA | $0.80 |
Campus Oaks | Floorplan A - Price per person | 4BR,2BA | $0.60 |
Aspen Court | The Sugar Maple | 2BR,1.5BA | $1.10 |
Country Manor Apartments | 1BR/1.0BA | 1BR,1BA | $0.76 |
The Grove | 1 Bed 1 Bath | 1BR,1BA | $0.97 |
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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 $615 to $2,255. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rankin ranging from $525 to $2,300.
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 $525 to $2,300 with an average monthly rent of $1,116.
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 $1,557, while Three Bedroom Homes, Condos, and Townhomes for rent range from $775 to $2,100. Four Bedroom Single-Family rentals are also available starting from $895 and Four Bedroom Apartments start at $1,255.
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.

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.

Know Your Rights - How Discrimination Laws Impact Landlords and 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.