
Cheap Homes for Rent near Urbana, IA from $500 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Urbana.


235 Madison St

114 E 4th St

1228 O Ave Pl NE
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.

641 Wyoming St

3290 8th St

815 2nd St SW

310 8th Ave
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.
Urbana, IA Local Guide

How much does it cost to rent a home in Urbana?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Urbana 2 Bedroom Homes for Rent | $1,417 | $675 | $2,180 |
| Urbana 3 Bedroom Homes for Rent | $1,877 | $995 | $2,450 |
| Urbana 4 Bedroom Homes for Rent | $2,175 | $2,000 | $2,350 |
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Urbana, IA Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Azure Apartments | 1bd | 1BR,1BA | $500 |
| Prairie Village of LaPorte City | 1 Bedroom | 1BR,1BA | $643 |
| Camelot Apartments | One Bedroom | 1BR,1BA | $655 |
Best Value Apartments for Rent in Urbana, IA and Nearby
As of July 25, 2026 the best value apartment in the Urbana area is the $1.28 price per square foot 2 Bedroom / 2 Bathroom Model at Cedar River Bluffs Apartments in the in the Usher's Ferry Historic Village neighborhood starting from $1,525. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Cedar River Bluffs Apartments | 2 Bedroom / 2 Bathroom | 2BR,2BA | $1.28 |
| Rush Mills: 505 Enterprise | Rush Mills : ONE MONTH FREE with a 12 month lease | 2BR,2BA | $1.28 |
| 2535 Ellis View Ct NW | 2x1 | 2BR,1BA | $1.03 |
| Westgate Apartments | Two Bedroom | 2BR,1BA | $1.22 |
| Cedar Trail Village | Two Bedroom ground with out patio | 2BR,1BA | $1.17 |
| The Malory Apartments | 2BR/1.0BA | 2BR,1BA | $1.04 |
| Seasons View Apartments | Seasons View | 1BR,1.5BA | $1.30 |
| Azure Apartments | 1bd | 1BR,1BA | $0.96 |
| The Pointe at Cedar Rapids | Stonewood 1 bedroom | 1BR,1BA | $1.29 |
| Prairie Village of LaPorte City | 1 Bedroom | 1BR,1BA | $1.29 |
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.
Read ArticleReal 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Urbana, IA
Frequently Asked Questions about Urbana
What type of rentals are currently available in Urbana?
There are currently 47 Apartments for Rent in Urbana, IA with pricing that ranges from $500 to $1,945. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Urbana ranging from $575 to $2,450.
What is the current price range for Rental Homes in Urbana?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Urbana ranges from $575 to $2,450 with an average monthly rent of $1,433.
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

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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.