Cheap Apartments for Rent in Urbana, IL from $300 (157 Rentals)

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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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809 W Springfield
4 Bedroom Apartments

809 W Springfield

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

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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809 W Stoughton
2 to 4 Bedroom Apartments

809 W Stoughton

809 W Stoughton StUrbana, IL 61801
Student Housing
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813 W Springfield
1 to 3 Bedroom Apartments

813 W Springfield

813 W Springfield AveUrbana, IL 61801
Student Housing
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1105ORE
Studio to 2 Bedroom Apartments

1105ORE

1105 W Oregon StUrbana, IL 61801
Student Housing
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106 S Gregory
Studio to 4 Bedroom Apartments

106 S Gregory

106 S Gregory StUrbana, IL 61801
Student Housing
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209COL
1 to 2 Bedroom Apartments

209COL

209 N Coler AveUrbana, IL 61801
Student Housing
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705 W Elm St
Studio to 4 Bedroom Apartments

705 W Elm St

705 W Elm StUrbana, IL 61801
Corporate Housing
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2008 Vawter St
2 to 4 Bedroom Apartments

2008 Vawter St

2008 Vawter StUrbana, IL 61801
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Liberty Commons
2 to 3 Bedroom Apartments

Liberty Commons

1776 Independence AveUrbana, IL 61802
  • 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.

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Willowbrook Apartments
1 to 2 Bedroom Apartments

Willowbrook Apartments

1601 N Willow RdUrbana, IL 61801
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302 W Locust St
1 Bedroom Apartments

302 W Locust St

302 W Locust StUrbana, IL 61801
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901 W Springfield Ave
1 to 2 Bedroom Apartments

901 W Springfield Ave

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

The Cove

1507 Washington St EUrbana, IL 61802
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Bailey Apartments
1 Bedroom Apartments

Bailey Apartments

1004 W Springfield AveUrbana, IL 61801
Student Housing
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1010 W Stoughton
1 to 3 Bedroom Apartments

1010 W Stoughton

1010 W Stoughton StUrbana, IL 61801
Student Housing
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Colorado Hills
1 to 2 Bedroom Apartments

Colorado Hills

703 E Colorado AveUrbana, IL 61801
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102 N Gregory St
Studio to 2 Bedroom Apartments

102 N Gregory St

102 N Gregory StUrbana, IL 61801
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902 S Lincoln Ave
Studio to 3 Bedroom Apartments

902 S Lincoln Ave

902 S Lincoln AveUrbana, IL 61801
  • Utilities Included

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.

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505 S Busey Ave
Studio to 2 Bedroom Apartments

505 S Busey Ave

505 S Busey AveUrbana, IL 61801
Student Housing
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Hillview
1 to 2 Bedroom Apartments

Hillview

1701 E Florida AveUrbana, IL 61802
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706 S Walnut St
2 Bedroom Apartments

706 S Walnut St

706 S Walnut StUrbana, IL 61801
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Deerfield Woods
2 Bedroom Apartments

Deerfield Woods

1702 Cindy Lynn StUrbana, IL 61802
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712 W Elm St
Studio to 2 Bedroom Apartments

712 W Elm St

712-714 W Elm StUrbana, IL 61801
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1401 Silver St
1 Bedroom Apartments

1401 Silver St

1401 Silver StUrbana, IL 61801
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1304 Silver St
1 Bedroom Apartments

1304 Silver St

1304 Silver StUrbana, IL 61801

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.

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Urbana, IL Local Guide

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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 $599. 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$599
107 E SpringfieldSpring semester move in, two bed one bath apart...2BR,1BA$649
Windcrest ApartmentsStudio / 1 BathroomStudio,1BA$650
1002SECFall 2026 Leasing – 4-Bedroom, 2-Bath4BR,2BA$658
408 E HealeyFall lease, two bed one bath apartment in Midto...2BR,1BA$789
Urbana Estates1x1Urbana Estates1BR,1BA$800
712 W Elm St712 W Elm St - 712-...Studio,1BA$800
Town & Country ApartmentsFairfield1BR,1BA$820

Best Value Apartments for Rent in Urbana, IL

As of January 21, 2026 the best value apartment in the Urbana area is the $1.03 price per square foot 705 W Healey St Model at 705 W Healey St, Unit 705 Healey in the in the Downtown Champaign neighborhood starting from $1,800. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
705 W Healey St, Unit 705 Healey705 W Healey St3BR,1.5BA$1.03
200 Vine St2 Bedroom/2.5 bath2BR,2BA$1.07
Town Center Apartments3 Bedroom 2 Bath3BR,2BA$1.01
59JOH3 Bed, 2 Bath @ John & First St.3BR,2BA$0.42
Campus OaksFloorplan A - Price per person4BR,2BA$0.75
Pfeffer Apartments - NOW LEASING AUGUST 2026Shared Apartment Individual Lease1BR,1BA$0.58
106 S GregorySpring lease, four bed two bath apartment in Gr...4BR,2BA$0.64
The Courtyard on Randolph2BR/ 1BA2BR,1BA$1.09
106 E HealeyFall lease, two bed one bath apartment in Midto...2BR,1BA$0.98
107 E SpringfieldSpring semester move in, two bed one bath apart...2BR,1BA$1.12

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.

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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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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

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Urbana, IL Rentals by Map

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See the most popular apartments and homes in Urbana, IL

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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 $650.

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

The lowest price for a Cheap One Bedroom Urbana Apartment is $800 at Urbana Estates.

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 $649 at 107 E Springfield.

What is the most affordable Urbana Three Bedroom Apartment?

The best deal on a cheap Urbana Three Bedroom Apartment rental is at The Courtyard on Randolph and starts from $990.

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

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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.

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!