Cheap Apartments for Rent in Urbana, IL from $300 (187 Rentals)

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307 W Oregon St, Unit 3
$555
Total Monthly Price

Total Monthly Price

Base Rent
$555
Total Monthly Price
$555
1 Bedroom Apartment Available Aug 7

307 W Oregon St, Unit 3

307 W Oregon StUrbana, IL 61801
Furnished
  • Smoke Free
property at 1005 S Busey Ave

$650

Total Monthly Price

Total Monthly Price

Base Rent
$650
Total Monthly Price
$650

4 Bedroom, 2 Bath Home for Rent

Available Jun 20

1005 S Busey Ave

UrbanaIL61801

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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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707 W California Ave
$1,100 - $1,200
Total Monthly Price

Total Monthly Price

Base Rent
$1,100 - $1,200
Total Monthly Price
$1,100 - $1,200
2 Bedroom Apartment Available Aug 1

707 W California Ave

707 W California AveUrbana, IL 61801
Cost Per Sq.Ft.
  • Smoke Free
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905 W Oregon
3 to 4 Bedroom Apartments

905 W Oregon

905 W Oregon StUrbana, IL 61801
Student Housing
  • Utilities Included
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Urbana Commons
4 Bedroom Apartments

Urbana Commons

809 W Springfield AveUrbana, IL 61801
Student Housing
  • Utilities Included
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813 W Springfield Ave
1 to 3 Bedroom Apartments

813 W Springfield Ave

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

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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Krannert View
Studio to 2 Bedroom Apartments

Krannert View

1105-1107 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
  • Utilities Included
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209 N Coler Ave
1 to 2 Bedroom Apartments

209 N Coler Ave

209 N Coler AveUrbana, IL 61801
Student Housing
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809 W Stoughton St
2 to 4 Bedroom Apartments

809 W Stoughton St

809 W Stoughton StUrbana, IL 61801
Student Housing
  • Utilities Included
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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
  • Utilities Included
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2008 Vawter St
2 to 4 Bedroom Apartments

2008 Vawter St

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

Liberty Commons

1776 Independence AveUrbana, IL 61802
  • Utilities Included
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302 W Locust St
1 Bedroom Apartments

302 W Locust St

302 W Locust StUrbana, IL 61801

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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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
  • Utilities Included
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Bailey Apartments
1 Bedroom Apartments

Bailey Apartments

1004 W Springfield AveUrbana, IL 61801
Student Housing
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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
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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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Colorado Hills
1 to 2 Bedroom Apartments

Colorado Hills

703 E Colorado AveUrbana, IL 61801
  • Utilities Included
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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
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Urbana, IL Local Guide

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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. Parker Glen has the second lowest priced unit, which is a 1 Bed apartment currently listed from $499. 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
Parker Glen1Bdrm1BR,1BA$499
1002SECFall 2026 Leasing – 4-Bedroom, 2-Bath4BR,2BA$699
Urbana Estates1x1Urbana Estates1BR,1BA$800
Windcrest Apartments1 Bedroom / 1 Bathroom1BR,1BA$800
58 E Healey58 E Healey - 3021BR,1BA$825
Prairie Green Apartment Homes2 x 12BR,1BA$850
University ParkOne Bedroom1BR,1BA$850
Element on MainStudioStudio,1BA$875
111 S Busey Ave111 S Busey Ave - 61BR,1BA$895

Best Value Apartments for Rent in Urbana, IL

As of June 12, 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 D1 Model at Campus Circle Urbana starting at $919 with a $0.65 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
Campus Circle UrbanaD14BR,4BA$0.65
The Linc Apartments3x33BR,3BA$0.69
201 S Busey Ave201 S Busey Ave - 52BR,1BA$1.07
59JOH4 Bedroom Apartment @ First & John: Available N...4BR,3BA$0.46
Pfeffer Apartments - NOW LEASING AUGUST 2026Shared Apartment Individual Lease1BR,1BA$0.58
Campus OaksFloorplan A - Price per person4BR,2BA$0.75
202 E. Green St by Bankier Apartments4BR/3BA4BR,3BA$0.87
Prairie Green Apartment Homes2 x 12BR,1BA$1.02
Capstone QuartersTwo Bedroom Select2BR,2BA$0.80

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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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 Element on Main listed at $875.

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

The lowest price for a Cheap One Bedroom Urbana Apartment is $499 at Parker Glen.

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 $850 at Prairie Green Apartment Homes.

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 How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.