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Apartments for Rent in Decatur, IL under $500

26 Rentals Available
  • A kitchen with a white refrigerator and wooden cabinets.
    1 day ago

    800 - Beth Blvd Apartments, Decatur, IL 62526
    STUDIO $475
  • A kitchen with black appliances and white cabinets.
    1 day ago

    380 - Woodland Condo Association, Decatur, IL 62521
    STUDIO $104
  • A wooden building with the name "Jane Ellen" on it.
    1 day ago

    400 - 1404 N. Summit, Decatur, IL 62526
    1 BED $500
  • A kitchen with a white stove and wooden cabinets.
    1 day ago

    405 - 172/180 Dipper Lane, Decatur, IL 62521
    STUDIO $350+
  • A building with a white entrance and a brown roof.
    1 day ago

    47 - 171 Wildwood Court, Decatur, IL 62521
    STUDIO $500
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  • A kitchen with wooden cabinets and a white stove top oven.
    Today

    1035 SOUTH MAIN ST, DECATUR, IL 62521
    1 BED $421+
  • A blue and green logo for Swartz Properties.
    1 day ago

    390 - Baker Woods Association, Decatur, IL 62521
    STUDIO $140
  • A logo for a company named Swartz Properties.
    1 day ago

    46 - 141 Wildwood Court, Decatur, IL 62521
    STUDIO $490+
  • A logo for a company named Swartz Properties.
    1 day ago

    93 - Saint James Place, Decatur, IL 62523
    STUDIO $286
  • A blue and green logo for Swartz Properties.
    1 day ago

    185 - 2011 E. Lincoln, Decatur, IL 62521
    STUDIO $495
  • The image is a logo of a company named "Swartz Properties".
    1 day ago

    350 - 2009 E. Cantrell, Decatur, IL 62521
    STUDIO $500
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  • A blue and green logo for Swartz Properties.
    1 day ago

    372 - 951 W. Cushing, Decatur, IL 62522
    2 BEDS $475
  • A logo for a company named Swartz Properties.
    1 day ago

    187 - 2048 E. North Street, Decatur, IL 62521
    STUDIO $410
  • A house with a porch and a tree in front.
    1 day ago

    635 - 717 S 22Nd Street, Decatur, IL 62521
    1 BED $475

  • More Rentals Near Decatur, IL

  • A blue and green logo for Swartz Properties.
    1 day ago

    21 - 1428/1438 Woodland Drive, Mt. Zion, IL 62549
    1 BED $475
14-1-city
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Getting around in Decatur, IL

40 /100
Car-Dependent
42 /100
Somewhat Bikeable
Walk Score®: 40, Bike Score®: 42

Frequently asked questions

When were prices and availability in Decatur, IL last updated?

Prices and availability in Decatur, IL were last updated on 20 Nov 2025.

What are the best apartments in Decatur, IL?

The best apartments in Decatur, IL are: The Reserve at Lakeview Apartments, Timber Cove, 800 - Beth Blvd Apartments, 300 - Edgewood Apartments and 80 - 2410 Country Trails.

What type of rental buildings are in Decatur, IL?

In Decatur, 38% of the residents are renting compared to 62% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 15% of Decatur’s rentals, 39% are small-scale complexes with under 50 units, and 44% are single-family rentals.

Your search for apartments in Decatur, IL under $500 stops here

Finding apartments for rent in Decatur, IL for less than $500 has never been so easy! At RentCafe nice cheap apartments are just one click away. There are currently 26 available units in Decatur, IL, renting for under $500. On average, $545 can get you 729 Sqft in this area. Be sure to search for the apartment that is best for you. Under “More”, check the amenities that you consider a must-have, and don’t forget to look at the pet policy. Fitness enthusiasts can even check the Fitness Center box. Whether you are looking for studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, you are sure to find one that will make you want to move in right away.

We’ll help you find the best rental near you

Having to compromise on either price or location can turn your “apartments near me under $500” search into a nightmare. At RentCafe we recognize the importance of both. Therefore, we offer a variety of filters that can help you find exactly what you want. Sorting the results by rent, ascending, will make the cheapest units show up first on the list. Try it out! You will find that right now the cheapest apartment under $500 in Decatur, IL goes for $104 per month. If some of the results are outside the area of your choice, you can go to the left side of the screen and draw a radius or a polygon around your location. Now you will only see results that are relevant to you.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!