Cheap Apartments for Rent in Urbana, IA from $500 (52 Rentals)

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Search the lowest-cost Apartments available for rent right now in Urbana.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Wildwood Apartments
$841 - $1,386

Total Monthly Price

Base Rent$841 - $1,386
Total Monthly Price$841 - $1,386
1 to 3 Bedroom Apartments Available Now

Wildwood Apartments

921 Old Marion Rd NECedar Rapids, IA 52402
Affordability
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  • Customer Reviewed
  • 3D Tour

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Cedar Ridge Apartments
1 to 2 Bedroom Apartments

Cedar Ridge Apartments

2047 Blairs Ferry Rd NECedar Rapids, IA 52402
  • Utilities Included
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2055 Blairs Ferry Rd NE
1 Bedroom Apartments

2055 Blairs Ferry Rd NE

2055 Blairs Ferry Rd NECedar Rapids, IA 52402
Corporate Housing
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Valley High
1 to 2 Bedroom Apartments

Valley High

1715-1735 Edgewood RdCedar Rapids, IA 52405
  • Utilities Included
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Urban Edge Apartments
1 to 2 Bedroom Apartments

Urban Edge Apartments

401 Canton St NWShellsburg, IA 52332
  • Utilities Included
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Trail Ridge NE
2 Bedroom Apartments

Trail Ridge NE

1601-1611 Center Point Rd NECedar Rapids, IA 52402
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Blair Ridge
2 Bedroom Apartments

Blair Ridge

3424 Hemlock Dr NECedar Rapids, IA 52402
  • Utilities Included
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2535 Ellis View Ct NW
Studio to 2 Bedroom Apartments

2535 Ellis View Ct NW

2535 Ellis View Ct NWCedar Rapids, IA 52405
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Magnolia Lane
2 Bedroom Apartments

Magnolia Lane

700 Magnolia LnMarion, IA 52302
  • Smoke Free

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Showing Results 1-50, Page 1 of 2

Urbana, IA Local Guide

Cheapest Available Urbana Apartments for Rent and Nearby

 

The cheapest available apartment rental in Urbana, IA is a 1 Bed unit found at Azure Apartments priced from $500. Prairie Village of LaPorte City has the second lowest priced unit, which is a 1 Bed apartment currently listed from $643. Here is today’s list of the most affordable Urbana apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Azure Apartments1bd1BR,1BA$500
Prairie Village of LaPorte City1 Bedroom1BR,1BA$643
Camelot ApartmentsOne Bedroom1BR,1BA$655
Seasons View ApartmentsSeasons View1BR,1BA$760
The Pointe at Cedar RapidsStonewood 1 bedroom1BR,1BA$765
Oakview1-Bedroom1BR,1BA$775
Forest Ridge Apartments1 Bedroom 1 Bath1BR,1BA$785
Wildwood Apartments1 Bedroom1BR,1BA$841
Robinwood Apartments2BR/1.0BA2BR,1BA$865
Windsor on the RiverWND1x1H1BR,1BA$925

Best Value Apartments for Rent in Urbana, IA and Nearby

As of September 05, 2026 the best value apartment in the Urbana area is the $1.00 price per square foot 3 beds Model at 1724 Texas Ave NE in the in the Usher's Ferry Historic Village neighborhood starting from $1,195. The second greatest value Urbana apartment is the Rush Mills : ONE MONTH FREE with a 12 month lease Model at Rush Mills: 505 Enterprise starting at $1,350 with a $1.28 price per square foot . Here is today’s list of the best values for Urbana apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1724 Texas Ave NE3 beds3BR,1BA$1.00
Rush Mills: 505 EnterpriseRush Mills : ONE MONTH FREE with a 12 month lease2BR,2BA$1.28
Cambridge TownhomesTwo Bedroom, One Bath2BR,1BA$1.09
Westgate ApartmentsTwo Bedroom2BR,1BA$1.22
Cedar Trail VillageTwo Bedroom ground with out patio2BR,1BA$1.17
Windsor on the RiverWND1x1H1BR,1BA$1.22
Robinwood Apartments2BR/1.0BA2BR,1BA$1.16
Forest Ridge Apartments1 Bedroom 1 Bath1BR,1BA$1.09
Camelot ApartmentsOne Bedroom1BR,1BA$1.01
Azure Apartments1bd1BR,1BA$0.96

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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

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Frequently Asked Questions about Cheap Urbana Apartments

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

The lowest price for a Cheap One Bedroom Urbana Apartment is $500 at Azure Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Urbana is starting from $630 at Azure Apartments.

What is the most affordable Urbana Three Bedroom Apartment?

The best deal on a cheap Urbana Three Bedroom Apartment rental is at Azure Apartments and starts from $835.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.