Careers
Favorites
Advertise With Us
Log In
Create Search Alert
Get alerts when new listings become available in the Champaign area that match this search.
Email address:

Subscribed
Error! Please try again later.
Contact Property
Your Name

Email Address

Phone Number
Desired Move In Date
Desired Number of Bedrooms
Request a Tour Date

Ask a Question

Error! Please try again later.

Apartments Under $500 in Champaign, IL

31 - 47 of 47 Results
4
$398
PER
ROOM
1011 S. Locust
Champaign, IL
2 BR | Available Now
Contact
Heat Included
Furnished
Campustown Rentals
8
$499
PER
ROOM
903 W. Oregon St.
Champaign, IL
2 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Dishwasher
8
$494
PER
ROOM
305 E. Green
Champaign, IL
3 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Student
Air Conditioning
9
$500
Boutique Vintage
703 W Park Champaign, IL
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
10
$450 - 650
609 S Randolph
Champaign, IL
1 BR | Available Now
Contact
Furnished
Covered Parking
In Unit Laundry
9
$474
PER
ROOM
903 S. Fourth St.
Champaign, IL
2 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Dishwasher
8
$359 - 469
PER
ROOM
311 E. Daniel St.
Champaign, IL
3 - 4 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Student
Air Conditioning
11
$475
PER
ROOM
311 Clark
311 E Clark Street Champaign, IL
3 BR | Available Now
Contact
Heat Included
Furnished
Student
Virtual Tour
Air Conditioning
11
$499
PER
ROOM
Castle On Locust
1007 S. Locust St Champaign, IL
4 BR | Available Now
Contact
Furnished
Student
Covered Parking
In Unit Laundry
Dishwasher
9
$359 - 469
PER
ROOM
309 E. Daniel
5.0
Champaign, IL
3 - 4 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Student
Air Conditioning
4
$384 - 459
PER
ROOM
909 S. Third St.
Champaign, IL
3 - 5 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Covered Parking
Balcony/Deck/Patio
17
$399 - 445
PER
ROOM
808 Oak
808 S Oak St Champaign, IL
2 - 4 BR | Available Now
Contact
Furnished
Cat Friendly
Student
Virtual Tour
Balcony/Deck/Patio
8
$445
PER
ROOM
907 S. Second
3.0
Champaign, IL
2 BR | Available Now
Contact
Student
Campustown Rentals
15
$399 - 409
PER
ROOM
101 E Green St
Champaign, IL
3 - 4 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Student
In Unit Laundry
1
$440 - 475
108 S 4th St
Champaign, IL
Studio - 1 BR | Available Now
Contact
Furnished
Air Conditioning
1
$495
PER
ROOM
201 E Armory
Champaign, IL
3 BR | Available Now
Contact
Furnished
Student
Air Conditioning
Covered Parking
Balcony/Deck/Patio
3
$500
PER BED
& UNIT
506-508 W Green St
Champaign, IL
Studio - 1 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Campustown Rentals
31 - 47 of 47 Results
  1. Home
  2. Champaign
  3. Apartments Under $500
Frequently Asked Questions

How many apartments under $500 are available in Champaign, IL on Rentable.co?

There are 47 apartments under $500 in Champaign currently available for rent on Rentable.co.

How many studio apartments under $500 are available in Champaign?

Rentable.co has 10 studio apartments under $500 available for rent in Champaign.

How many one-bedroom apartments under $500 are available in Champaign?

Rentable.co has 35 one-bedroom apartments under $500 available for rent in Champaign.

How many two-bedroom apartments under $500 are available in Champaign?

Rentable.co has 49 two-bedroom apartments under $500 available for rent in Champaign.

Can I afford a apartment under $500 in Champaign, IL?

To comfortably afford a apartment under $500 in Champaign based on average rent prices, a household would need an annual income of $18,000.

Which neighborhoods have the most apartments under $500 for rent in Champaign, IL?

  1. Campustown Rentals
  2. Midtown
  3. Downtown

Apartments Under $500 in Champaign, IL: November Rental Information

Welcome to the November 2024 Champaign Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 key findings and figures for the Champaign rental landscape.

Our experts analyze the inventory trends for apartments under $500 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Champaign and surrounding areas. This summary also provides insight into available features and amenities, as well as location options for apartments under $500 in Champaign.

With the November 2024 Champaign Apartment Report, renters can get a clear overview of the rental market, making it easier to find the perfect apartment that meets their budget and lifestyle. Whether you are a student, young professional, or someone looking for affordable housing options in Champaign, this report serves as a valuable resource to help you make an informed decision.
0 2 5 7 10 <$500 $520 $560 $600 $640 $680 $720 $760 $800 $840 $880 $920 $960 $1,000 $1,040 $1,080 $1,120 $1,160 $1,200 $1,240 $1,280
This month, the typical cost to rent a one-bedroom apartment in Champaign stands at $1,190, with the majority falling between $580 and $1,920. Out of the 781 one-bedroom apartments currently on the market in Champaign, 10 are priced below $500, accounting for 1% of the total available one-bedroom units in Champaign.

Available Apartments Under $500: Champaign vs. Surrounding Areas

Champaign, IL
Urbana, IL
44
21
In November 2024, there are a variety of affordable housing options available in Champaign, IL and the surrounding cities. The chart above displays the number of apartments under $500 currently listed on Rentable in Champaign, IL and its neighboring cities. Champaign has the highest number of available apartments, representing 60 units of rental inventory in the metro area. Additionally, the chart reveals the availability of affordable apartments in Savoy, Urbana, Villa Grove, Rantoul, Monticello, Pesotum, Mahomet, Tuscola, and St Joseph, providing renters with diverse options to choose from in the Champaign area.

Apartments Under $500 Now vs. Last Month: Champaign and Surrounding Areas

City Apartments Under $500 in November M/M % Change
Champaign, IL 44 +1.03%
Urbana, IL 21 +1.07%
Rantoul, IL 2 +0.71%
Tuscola, IL 1 +1.33%

Looking for Apartments Under $500 in Champaign?

Available apartments under $500 141
Top amenities Dishwasher, Furnished, Refrigerator, Trash Removal Included, Range / Oven
Pet friendly 41
Utilities included 14
Furnished 70
2 Bedroom 25
3 Bedroom 18
4 Bedroom 30

Where are Champaign Apartments Under $500?

Top Neighborhoods Campustown rentals, Midtown, Downtown
Campustown Rentals 8
Midtown 2
Downtown 1
Browse Champaign Apartments
Champaign Apartments by Neighborhood
Champaign Apartments by Bedrooms
Champaign Apartments by Affordability
Champaign Apartments with Amenities
Champaign Apartments by Type
Colleges Near Champaign
Champaign Apartments by Zip Code