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Apartments under $500 for Rent in Decatur, IL

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Living & Renting in Decatur

Decatur at a Glance

Average Rent

$709
(All bedrooms and property types)
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Average Rent in Decatur
1

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Schools in Decatur

Decatur, IL Apartments for Rent

Decatur is the largest city in Macon County and the sixth-most populous city in Illinois outside Chicago's metro area, sitting along the Sangamon River and Lake Decatur in Central Illinois. Named after War of 1812 naval hero Stephen Decatur, the city was founded in 1829 and has built an economy based on industrial and agricultural commodity processing. Looking for apartments for rent in Decatur? You'll find an affordable housing market with average rents significantly lower than the state average—perfect for budget-conscious renters seeking value in Central Illinois.

Renting in Decatur comes with several practical benefits, including easy access to Interstate 72, connecting you to Springfield and Champaign for work or play. The city features Millikin University and Richland Community College, which provide educational opportunities and boost the local economy. You can enjoy outdoor recreation at Nelson Park along Lake Decatur, visit Scovill Zoo, or explore the shops, restaurants, and cafes along historic Main Street. With apartment communities ranging from studios to three-bedroom units and average one-bedroom rents around $708 per month, Decatur offers accessible housing options that balance affordability with convenient access to jobs, education, and entertainment.

Why Decatur?

  • Decatur is home to the private Milikin University and the popular Richland Community College.
  • Festivals, musical performances, and community events take place in Decatur’s Central Park.
  • Historic landmarks include the Oglesby Mansion, Decatur Transfer House, and the Prairie Village.
  • Museums are wide and varied, from the Children’s Museum of Illinois to the Chevrolet Hall of Fame Museum.
  • Popular annual events in Decatur include the Central Illinois Jazz Festival and the Lakeside Music and Arts Festival.
  • Attractions include the Scovill Zoo, the Monticello Railway Museum, and Long Creek Vineyards.

Renting in Decatur

Average Rental Rates and Apartment Sizes

Education

Public University
Private University
GreatSchools Rating

Public High School

Public
Grades 9-12
Students
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Public High School

Public
Grades 9-12
Students
GreatSchools Rating

Public Middle School

Public
Grades 6-8
Students
GreatSchools Rating

Public Elementary School

Public
Grades K-5
Students

Data provided by GreatSchools.org 2025 © 2025. All rights reserved.

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