
Cheap Apartments for Rent in Urbana, IL from $300 (144 Rentals)
Search the lowest-cost Apartments available for rent right now in Urbana.


809 E High St

Urbana Estates

401 E Green St, Unit 401 E Green Street UNIT 3

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

Town & Country Apartments

211 N Central Ave

704 E Main St

Eastland Apartments

303 W Illinois St

Stone Ridge Square

413 W Main St
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.

3419 County Rd 1400 E

1003 W. Stoughton

905 W Springfield Ave
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 | $1,232 | $615 | $2,039 |
Cheap Urbana 1 Bedroom Apartments | $1,186 | $525 | $2,050 |
Cheap Urbana 2 Bedroom Apartments | $1,162 | $750 | $3,200 |
Cheap Urbana 3 Bedroom Apartments | $1,317 | $875 | $2,900 |
Cheap Urbana 4 Bedroom Apartments | $1,191 | $780 | $3,360 |
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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 Studio unit found at Windcrest Apartments in the Downtown Champaign neighborhood priced from $615. Philo Estates Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Urbana apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Windcrest Apartments | Studio / 1 Bathroom | Studio,1BA | $615 |
Philo Estates Apartments | 1x1Philo Estates Apartments | 1BR,1BA | $650 |
Parker Glen | 3 Bedroom | 3BR,2BA | $680 |
Clark Street | The Lewis | 1BR,1BA | $750 |
804 W Illinois | Individual leasing - 2x2 apartments across from... | 2BR,2BA | $840 |
The Courtyard on Randolph | 2BR/ 1BA | 2BR,1BA | $900 |
Bailey Student Apartments Available 2025! | 901 W Springfield - 2/1 | 2BR,1BA | $900 |
Town & Country Apartments | Fairfield | 1BR,1BA | $904 |
Eastland Apartments | Studio Apartment | Studio,1BA | $950 |
Best Value Apartments for Rent in Urbana, IL
As of July 02, 2025 the best value apartment in the Urbana area is the $0.40 price per square foot Three Bedroom Standar Model at Capstone Quarters in the starting from $565. 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 Standar | 3BR,3BA | $0.40 |
512 E John St, Unit One and a half | 512 E John St | 3BR,1BA | $0.94 |
Campus Circle Urbana | D2 | 4BR,4BA | $0.72 |
Campus Oaks | Floorplan A - Price per person | 4BR,2BA | $0.60 |
702 W Green St, Unit 3 | 702 W Green St | 3BR,1BA | $1.00 |
THE ALCOVE @ SECOND & JOHN | 2 Bedroom 1 Bath with Loft | 2BR,1BA | $0.90 |
410 E. Green St by Bankier Apartments | 3BD/2BA | 3BR,2BA | $0.87 |
112 E. Green St by Bankier Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.00 |
The Courtyard on Randolph | 2BR/ 1BA | 2BR,1BA | $1.06 |
401 E Green St, Unit 401 E Green Street UNIT 3 | 401 E Green St | 1BR,1BA | $1.04 |
Quick Rent Budget Calculator
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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®
56 / 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 Windcrest Apartments listed at $615.
How much is rent for a Cheap One Bedroom Urbana Apartment?
The lowest price for a Cheap One Bedroom Urbana Apartment is $650 at Philo Estates 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 $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.

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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.