Cheap Apartments for Rent in Rantoul, IL from $400 (18 Rentals)

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Royal Arms
2 Bedroom Apartments

Royal Arms

213 Keystone AveRantoul, IL 61866
  • Utilities Included
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Keystone Apartments
2 Bedroom Apartments

Keystone Apartments

253 Keystone DrRantoul, IL 61866
  • Utilities Included

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.

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.

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Parker Glen
2 to 3 Bedroom Apartments

Parker Glen

2501 N Neil StChampaign, IL 61820
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302 W Locust St
1 Bedroom Apartments

302 W Locust St

302 W Locust StUrbana, IL 61801
property at 202 S Lynn St

202 S Lynn St

UrbanaIL61802

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.

Rantoul, IL Local Guide

Cheapest Available Rantoul Apartments for Rent and Nearby

 

The cheapest available apartment rental in Rantoul, 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 Rantoul apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Parker Glen3 Bedroom3BR,2BA$525
Windcrest ApartmentsStudio / 1 BathroomStudio,1BA$615
Falcon Way TownhomesOne Bedroom1BR,1BA$654
106 N gregory1 bed1BR,1BA$775
ONYXThe Cottage2BR,1BA$795

Best Value Apartments for Rent in Rantoul, IL and Nearby

As of May 18, 2025 the best value apartment in the Rantoul 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 Rantoul 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 Rantoul 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
Campus Circle UrbanaD24BR,4BA$0.72
Nantucket Cove Apartment HomesThe Cambridge3BR,2BA$1.17
Hunters Pond Apartment HomesTwo Bedroom2BR,2BA$1.27
South Pointe CommonsSouth Pointe 3bd/1.5ba Townhouse3BR,1.5BA$0.79
Parker Glen2 Bedroom2BR,1BA$1.27
Meadowview Apartments - MahometTwo Bedroom One Bathroom2BR,1BA$0.99
425 E Campbell Ave, Unit H425 E Campbell Ave2BR,1BA$0.85
106 N gregory1 bed1BR,1BA$1.11

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Rantoul, IL Rentals by Map

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Getting Around Rantoul, IL

Walk Score®

36 / 100

Car-Dependent

Most errands require a car

Bike Score®

43 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Rantoul Apartments

How much is rent for a Cheap One Bedroom Rantoul Apartment?

The lowest price for a Cheap One Bedroom Rantoul Apartment is $654 at Falcon Way Townhomes.

What is the lowest price for a Cheap Two Bedroom Rantoul Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Rantoul is starting from $795 at ONYX.

What is the most affordable Rantoul Three Bedroom Apartment?

The best deal on a cheap Rantoul Three Bedroom Apartment rental is at Parker Glen and starts from $525.

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.

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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.

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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.

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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.

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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.