Cheap Apartments for Rent in Urbana, IL from $300 (164 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
603 W Nevada St
$800 - $1,150
Total Monthly Price

Total Monthly Price

Base Rent
$800 - $1,150
Total Monthly Price
$800 - $1,150
1 to 2 Bedroom Apartment Available Aug 1

603 W Nevada St

603 W Nevada StUrbana, IL 61801
Affordability
  • 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.

Read Article
close
View Me
707 W California Ave
$850 - $1,500
Total Monthly Price

Total Monthly Price

Base Rent
$850 - $1,500
Total Monthly Price
$850 - $1,500
1 to 2 Bedroom Apartment Available Aug 1

707 W California Ave

707 W California AveUrbana, IL 61801
Affordability
  • Smoke Free

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.

Read Article
close
View Me
809 W Springfield
4 Bedroom Apartments

809 W Springfield

809 W Springfield AveUrbana, IL 61801
Student Housing
  • Utilities Included
close
View Me
809 W Stoughton
2 to 4 Bedroom Apartments

809 W Stoughton

809 W Stoughton StUrbana, IL 61801
Student Housing
  • Utilities Included
close
View Me
813 W Springfield
1 to 3 Bedroom Apartments

813 W Springfield

813 W Springfield AveUrbana, IL 61801
Student Housing
  • Utilities Included

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.

Read Article
close
View Me
1105ORE
Studio to 2 Bedroom Apartments

1105ORE

1105-1107 W Oregon StUrbana, IL 61801
Student Housing
close
View Me
209COL
1 to 2 Bedroom Apartments

209COL

209 N Coler AveUrbana, IL 61801
Student Housing
close
View Me
106 S Gregory
Studio to 4 Bedroom Apartments

106 S Gregory

106 S Gregory StUrbana, IL 61801
Student Housing
  • Utilities Included
close
View Me
705 W Elm St
Studio to 4 Bedroom Apartments

705 W Elm St

705 W Elm StUrbana, IL 61801
Corporate Housing
  • Utilities Included
close
View Me
2008 Vawter St
2 to 4 Bedroom Apartments

2008 Vawter St

2008 Vawter StUrbana, IL 61801
  • Utilities Included
close
View Me
Liberty Commons
2 to 3 Bedroom Apartments

Liberty Commons

1776 Independence AveUrbana, IL 61802
  • Utilities Included
close
View Me
1010 W Stoughton
1 to 3 Bedroom Apartments

1010 W Stoughton

1010 W Stoughton StUrbana, IL 61801
Student Housing
close
View Me
302 W Locust St
1 Bedroom Apartments

302 W Locust St

302 W Locust StUrbana, IL 61801

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.

Read Article
close
View Me
901 W Springfield Ave
1 to 2 Bedroom Apartments

901 W Springfield Ave

901 W Springfield AveUrbana, IL 61801
Student Housing
close
View Me
The Cove
2 Bedroom Apartments

The Cove

1507 Washington St EUrbana, IL 61802
  • Utilities Included
close
View Me
Bailey Apartments
1 Bedroom Apartments

Bailey Apartments

1004 W Springfield AveUrbana, IL 61801
Student Housing
close
View Me
902 S Lincoln Ave
Studio to 3 Bedroom Apartments

902 S Lincoln Ave

902 S Lincoln AveUrbana, IL 61801
  • Utilities Included
close
View Me
102 N Gregory St
Studio to 2 Bedroom Apartments

102 N Gregory St

102 N Gregory StUrbana, IL 61801
close
View Me
Colorado Hills
1 to 2 Bedroom Apartments

Colorado Hills

703 E Colorado AveUrbana, IL 61801
  • Utilities Included
close
View Me
505 S Busey Ave
Studio to 2 Bedroom Apartments

505 S Busey Ave

505 S Busey AveUrbana, IL 61801
Student Housing
  • Utilities Included

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.

Read Article
Showing Results 1-50, Page 1 of 4

Urbana, IL Local Guide

Photo of Staff Writer - Local Guide Expert
Written By:
Staff Writer
Local Guide Expert

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. 106 S Gregory has the second lowest priced unit, which is a 4 Beds apartment currently listed from $639. Here is today’s list of the most affordable Urbana apartments for rent:

Apartment ListingModel NameBed/BathPriced From
305JOHSpacious 4 Bed/3 Bath Apartment on the corner o...4BR,3BA$499
106 S GregorySpring lease, four bed two bath apartment in Gr...4BR,2BA$639
1002SECFall 2026 Leasing – 4-Bedroom, 2-Bath4BR,2BA$658
207 S FifthAVAILABLE NOW! Unit 203 Bedroom B Cozy 4x2 Uppe...4BR,2BA$659
1010 W StoughtonAVAILABLE NOW! Two bed one bath apartment in Gr...2BR,1BA$679
107 E SpringfieldSpring semester move in, two bed one bath apart...2BR,1BA$709
913 W Church St1 Bed / 1 Bath1BR,1BA$710
Lofts 54Roommate matching1BR,1BA$750
Bailey Student Apartments Available 2026!901 W Springfield1BR,1BA$750
Urbana Estates1x1Urbana Estates1BR,1BA$800

Best Value Apartments for Rent in Urbana, IL

As of March 14, 2026 the best value apartment in the Urbana area is the $1.07 price per square foot 2 Bedroom/2.5 bath Model at 200 Vine St in the starting from $1,675. The second greatest value Urbana apartment is the Fall lease, four bed four bath apartment in Qua... Model at 608 E Chalmers starting at $1,060 with a $0.80 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 ListingModel NameBed/BathPrice Per Sq.Ft.
200 Vine St2 Bedroom/2.5 bath2BR,2BA$1.07
608 E ChalmersFall lease, four bed four bath apartment in Qua...4BR,4BA$0.80
59JOH4 Bedroom Apartment @ First & John: Available N...4BR,3BA$0.46
Campus OaksFloorplan A - Price per person4BR,2BA$0.75
Pfeffer Apartments - NOW LEASING AUGUST 2026Shared Apartment Individual Lease1BR,1BA$0.58
207 S FifthAVAILABLE NOW! Unit 203 Bedroom B Cozy 4x2 Uppe...4BR,2BA$0.69
106 S GregorySpring lease, four bed two bath apartment in Gr...4BR,2BA$0.69
Capstone QuartersTwo Bedroom Select2BR,2BA$0.80
106 E HealeyFall lease, two bed one bath apartment in Midto...2BR,1BA$1.03
1010 W StoughtonAVAILABLE NOW! Two bed one bath apartment in Gr...2BR,1BA$1.01

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 Article
Decorative image

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 Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

Decorative image of map

See the most popular apartments and homes in Urbana, IL

View Map
Urbana, IL Apartments Map
View Map
Urbana, IL Rental Homes Map

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 712 W Elm St listed at $800.

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

The lowest price for a Cheap One Bedroom Urbana Apartment is $710 at 913 W Church St.

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 $679 at 1010 W Stoughton.

What is the most affordable Urbana Three Bedroom Apartment?

The best deal on a cheap Urbana Three Bedroom Apartment rental is at Urbana Estates and starts from $1,000.

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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.