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Cheap Apartments for Rent in Urbana, IL from $300 (150 Rentals)
Search the lowest-cost Apartments available for rent right now in Urbana.
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$675 - $8751 to 3 Bedroom Apartments Contact Us For Availability
Urbana Estates
1004 S Smith RdUrbana, IL 61802
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Rent Specials
$750 - $2,0001 to 4 Bedroom Apartments Available Now
Bailey Student Apartments Available 2026!
911 W Springfield AveUrbana, IL 61801
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$775 - $1,9821 to 2 Bedroom Apartments Available Now
Town & Country Apartments
1032 Kerr Ave EUrbana, IL 61802
306 Thompson St
UrbanaIL61801
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$800 - $1,300Studio to 3 Bedroom Apartments Contact Us For Availability
Element on Main
502 W Main StUrbana, IL 61801
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$8002 Bedroom Apartments Contact Us For Availability
Philo Estates Apartments
2007-2011 Philo RdUrbana, IL 61802
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$850 - $1,1751 to 3 Bedroom Apartments Available Jan 1, 2026
Prairie Green Apartment Homes
2502 Prairie Green DrUrbana, IL 61802
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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501 S Race St
UrbanaIL61801
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$895 - $9951 to 2 Bedroom Apartments Available Aug 19, 2026
808 N Lincoln Ave
808 N Lincoln AveUrbana, IL 61801
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$1,070 - $1,5101 to 3 Bedroom Apartments Available Now
Stone Ridge Square
1714 E Colorado AveUrbana, IL 61802
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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.
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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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.
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1 to 3 Bedroom Apartments
Michigan East - Campus Property Management
404 E Michigan AveUrbana, IL 61801
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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.
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 | $1,583 | $675 | $2,290 |
| Cheap Urbana 1 Bedroom Apartments | $1,323 | $575 | $2,280 |
| Cheap Urbana 2 Bedroom Apartments | $1,309 | $518 | $3,200 |
| Cheap Urbana 3 Bedroom Apartments | $1,471 | $575 | $3,500 |
| Cheap Urbana 4 Bedroom Apartments | $1,509 | $835 | $3,800 |
Browse Top Apartments in Urbana
See all Apartments in UrbanaExplore Urbana
Urbana, IL Local Guide
Written By:
Staff Writer Local Guide Expert
- Nearby Cities
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Cheapest Available Urbana Apartments for Rent
The cheapest available apartment rental in Urbana, IL is a 4 Beds unit found at 305JOH in the Downtown Champaign neighborhood priced from $499. THE ALCOVE @ SECOND & JOHN in the Downtown Champaign neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $575. Here is today’s list of the most affordable Urbana apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 305JOH | Spacious 4 Bed/3 Bath Apartment on the corner o... | 4BR,3BA | $499 |
| THE ALCOVE @ SECOND & JOHN | 3 Bedroom 1 Bath | 3BR,1BA | $575 |
| Windcrest Apartments | Studio / 1 Bathroom | Studio,1BA | $625 |
| 1002SEC | Fall 2026 Leasing – 4-Bedroom, 2-Bath | 4BR,2BA | $658 |
| Town & Country Apartments | Kensington | 1BR,1BA | $784 |
| 712 W Elm St | 712 W Elm St - 712-... | Studio,1BA | $800 |
| 58 E Healey | 58 E Healey - 309 | 1BR,1BA | $825 |
| Aspen Court | The Beech | 1BR,1BA | $825 |
Best Value Apartments for Rent in Urbana, IL
As of December 18, 2025 the best value apartment in the Urbana area is the $0.97 price per square foot 3 Bedrooms and Finished Basement Model at 605 S Prairie St in the in the Downtown Champaign neighborhood starting from $1,750. The second greatest value Urbana apartment is the 2 Bedroom/2.5 bath Model at 200 Vine St starting at $1,675 with a $1.07 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. |
|---|---|---|---|
| 605 S Prairie St | 3 Bedrooms and Finished Basement | 3BR,2BA | $0.97 |
| 200 Vine St | 2 Bedroom/2.5 bath | 2BR,2BA | $1.07 |
| Parker Glen | 3 Bedroom | 3BR,2BA | $1.03 |
| Town Center Apartments | 3 Bedroom 2 Bath | 3BR,2BA | $1.01 |
| 59JOH | 3 Bed, 2 Bath @ John & First St. | 3BR,2BA | $0.42 |
| 1002 E Willard St, Unit A | 1002 E Willard St | 2BR,1BA | $1.05 |
| 519 E. Green St by Bankier Apartments | 2 bed 2 bath - 519 E. Green St | 2BR,2BA | $1.15 |
| Campus Oaks | Floorplan A - Price per person | 4BR,2BA | $0.75 |
| 702 W Green St, Unit 3 | 702 W Green St | 3BR,1BA | $1.00 |
| The Courtyard on Randolph | 2BR/ 1BA | 2BR,1BA | $1.06 |
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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleQuick 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.
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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®
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 Windcrest Apartments listed at $625.
How much is rent for a Cheap One Bedroom Urbana Apartment?
The lowest price for a Cheap One Bedroom Urbana Apartment is $775 at Windcrest 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 $625 at THE ALCOVE @ SECOND & JOHN.
What is the most affordable Urbana Three Bedroom Apartment?
The best deal on a cheap Urbana Three Bedroom Apartment rental is at THE ALCOVE @ SECOND & JOHN and starts from $575.
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
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.