Cheap Apartments for Rent in Urbana, IL from $300 (144 Rentals)

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

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.

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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1105 W Main
1 Bedroom Apartments

1105 W Main

1105 W Main StUrbana, IL 61801
Student Housing
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1105ORE
2 Bedroom Apartments

1105ORE

1105 W Oregon StUrbana, IL 61801
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106 S Gregory
4 Bedroom Apartments

106 S Gregory

106 S Gregory StUrbana, IL 61801
Student Housing
  • 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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509 W Main St
1 Bedroom Apartments

509 W Main St

509 W Main StUrbana, IL 61801
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2008 Vawter St
2 to 4 Bedroom Apartments

2008 Vawter St

2008 Vawter StUrbana, IL 61801
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705 W Elm St
Studio to 2 Bedroom Apartments

705 W Elm St

705 W Elm StUrbana, IL 61801
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Liberty Commons
2 to 3 Bedroom Apartments

Liberty Commons

1776 Independence AveUrbana, IL 61802
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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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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

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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Colorado Hills
1 to 2 Bedroom Apartments

Colorado Hills

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

102 N Gregory St

102 N Gregory StUrbana, IL 61801
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506 W Elm
2 Bedroom Apartments

506 W Elm

506 W Elm StUrbana, IL 61801
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505 S Busey Ave
2 Bedroom Apartments

505 S Busey Ave

505 S Busey AveUrbana, IL 61801
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902 S Lincoln Ave
Studio Apartments

902 S Lincoln Ave

902 S Lincoln AveUrbana, IL 61801
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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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Gregory Place East
1 to 2 Bedroom Apartments

Gregory Place East

700 S Gregory StUrbana, IL 61801
Student Housing
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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 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 ListingModel NameBed/BathPriced From
Windcrest ApartmentsStudio / 1 BathroomStudio,1BA$615
Philo Estates Apartments1x1Philo Estates Apartments1BR,1BA$650
Parker Glen3 Bedroom3BR,2BA$680
Clark StreetThe Lewis1BR,1BA$750
804 W IllinoisIndividual leasing - 2x2 apartments across from...2BR,2BA$840
The Courtyard on Randolph2BR/ 1BA2BR,1BA$900
Bailey Student Apartments Available 2025!901 W Springfield - 2/12BR,1BA$900
Town & Country ApartmentsFairfield1BR,1BA$904
Eastland ApartmentsStudio ApartmentStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Capstone QuartersThree Bedroom Standar3BR,3BA$0.40
512 E John St, Unit One and a half512 E John St3BR,1BA$0.94
Campus Circle UrbanaD24BR,4BA$0.72
Campus OaksFloorplan A - Price per person4BR,2BA$0.60
702 W Green St, Unit 3702 W Green St3BR,1BA$1.00
THE ALCOVE @ SECOND & JOHN2 Bedroom 1 Bath with Loft2BR,1BA$0.90
410 E. Green St by Bankier Apartments3BD/2BA3BR,2BA$0.87
112 E. Green St by Bankier Apartments2 Bed 1 Bath2BR,1BA$1.00
The Courtyard on Randolph2BR/ 1BA2BR,1BA$1.06
401 E Green St, Unit 401 E Green Street UNIT 3401 E Green St1BR,1BA$1.04

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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.

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

Explore Urbana, IL Rentals by Map

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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

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.

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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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

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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.

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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.