
Cheap Apartments for Rent in Urbana, IL from $300 (141 Rentals)
Search the lowest-cost Apartments available for rent right now in Urbana.


Urbana Estates

Bailey Student Apartments Available 2025!

Prairie Green Apartment Homes

Element on Main

University Park
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

808 N Lincoln Ave

211 N Central Ave

106 N Gregory St

Eastland Apartments

413 W Main St

Town & Country Apartments

1003 W. Stoughton

905 W Springfield Ave

3419 County Rd 1400 E
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Fairlawn Village
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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.

Michigan East - Campus Property Management
Urbana, IL Local Guide

How much does it cost to rent an apartment in Urbana?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Urbana Studio Apartments | $1,335 | $615 | $2,190 |
Cheap Urbana 1 Bedroom Apartments | $1,133 | $525 | $2,000 |
Cheap Urbana 2 Bedroom Apartments | $1,276 | $750 | $3,200 |
Cheap Urbana 3 Bedroom Apartments | $1,417 | $875 | $2,900 |
Cheap Urbana 4 Bedroom Apartments | $1,261 | $780 | $3,360 |
Browse Top Apartments in Urbana
See all Apartments in UrbanaExplore Urbana
Urbana, IL Local Guide

- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Urbana Apartments for Rent
 The cheapest available apartment rental in Urbana, IL is a 3 Beds unit found at Parker Glen priced from $680. Clark Street in the Downtown Champaign neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Urbana apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Parker Glen | 3 Bedroom | 3BR,2BA | $680 |
Clark Street | The Lewis | 1BR,1BA | $750 |
Windcrest Apartments | 1 Bedroom / 1 Bathroom | 1BR,1BA | $750 |
Town & Country Apartments | Danbury | 1BR,1BA | $823 |
110 E John St. | 1 Bedroom | 1BR,1BA | $875 |
Eastland Apartments | Studio Apartment | Studio,1BA | $895 |
The Courtyard on Randolph | 2BR/ 1BA | 2BR,1BA | $900 |
Town Center Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $900 |
THE ALCOVE @ SECOND & JOHN | 2 Bedroom 1 Bath with Loft | 2BR,1BA | $900 |
Bailey Student Apartments Available 2025! | 901 W Springfield - 2/1 | 2BR,1BA | $900 |
Best Value Apartments for Rent in Urbana, IL
As of July 31, 2025 the best value apartment in the Urbana area is the $0.45 price per square foot Three Bedroom Standard Model at Capstone Quarters in the starting from $625. The second greatest value Urbana apartment is the 512 E John St Model at 512 E John St, Unit One and a half starting at $1,317 with a $0.94 price per square foot in the Downtown Champaign neighborhood. 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. |
---|---|---|---|
Capstone Quarters | Three Bedroom Standard | 3BR,3BA | $0.45 |
512 E John St, Unit One and a half | 512 E John St | 3BR,1BA | $0.94 |
Campus Circle Urbana | D2 | 4BR,4BA | $0.67 |
Campus Oaks | Floorplan A - Price per person | 4BR,2BA | $0.60 |
THE ALCOVE @ SECOND & JOHN | 2 Bedroom 1 Bath with Loft | 2BR,1BA | $0.90 |
702 W Green St, Unit 3 | 702 W Green St | 3BR,1BA | $1.00 |
410 E. Green St by Bankier Apartments | 3BD/2BA | 3BR,2BA | $0.84 |
Town Center Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $0.97 |
112 E. Green St by Bankier Apartments | 2 Bed 1 Bath | 2BR,1BA | $0.94 |
The Courtyard on Randolph | 2BR/ 1BA | 2BR,1BA | $1.06 |
Quick Rent Budget Calculator
How much rent can you afford?
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.
Urbana Overview
The Midwestern United States is one of the fastest growing regions of the country and one of the most popular cities is Urbana, IL. Urbana apartments represent a great living opportunity for both individuals and families alike. Apartments in Urbana, IL provide everyone with an affordable way to live, work, and enjoy everything this great city has to offer, Urbana, IL is known for its gorgeous weather, friendly people, and delicious food! With this in mind, take a few minutes to learn more about why so many people are falling in love with Urbana, IL.
Why live in Urbana, IL?
The vast majority of people choose to live in Urbana, IL because of the lifestyle it provides. Urbana, IL is home to fantastic schools from childhood through college. The weather is mild and the city is easy to navigate. There is always great food and festivals take place in the city from time to time. The people are friendly to everyone, making this a great town for individuals and families of all ages. For these reasons, many people are flocking to Urbana, IL to call this city home.
Best Local Schools in Urbana, IL
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Urbana, IL Rentals by Map
See the most popular apartments and homes in Urbana, IL
Getting Around Urbana, IL
Walk Score®
57 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
65 / 100
Bikeable
Some bike infrastructure
Transit Score®
44 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Urbana Apartments
What is the Cheapest Studio apartment in Urbana?
Currently the most affordable Cheap Studio Apartment in Urbana is at Eastland Apartments listed at $895.
How much is rent for a Cheap One Bedroom Urbana Apartment?
The lowest price for a Cheap One Bedroom Urbana Apartment is $750 at Clark Street.
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 $755 at Clark Street.
What is the most affordable Urbana Three Bedroom Apartment?
The best deal on a cheap Urbana Three Bedroom Apartment rental is at Parker Glen and starts from $680.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.