Cheap Apartments for Rent in Urbana, IL from $450 (251 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.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Read Article
close
View Me
104 S Grove St
$950 - $1,025

Total Monthly Price

Base Rent$950 - $1,025
Total Monthly Price$950 - $1,025
1 Bedroom Apartment Available Now

104 S Grove St

104 S Grove StUrbana, IL 61802
Affordability
close
View Me
1202 Brighton Dr, Unit A
$1,050

Total Monthly Price

Base Rent$1,050
Total Monthly Price$1,050
2 Bedroom Apartment Available Now

1202 Brighton Dr, Unit A

1202 Brighton DrUrbana, IL 61801
Affordability
  • Smoke Free

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Read Article
property at 201 W Park St
$1,250

Total Monthly Price

Base Rent$1,250
Total Monthly Price$1,250
2 Bedroom, 1 Bath Home for Rent
Available Now

201 W Park St

UrbanaIL61801
close
View Me
905 W Oregon
3 to 4 Bedroom Apartments

905 W Oregon

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

Urbana Commons

809 W Springfield 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.

Read Article
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
308GRE
2 Bedroom Apartments

308GRE

308 W Green StUrbana, IL 61801
Student Housing
close
View Me
813 W Springfield
1 to 3 Bedroom Apartments

813 W Springfield

813 W Springfield AveUrbana, IL 61801
Student Housing
  • Utilities Included
close
View Me
Krannert View
Studio to 2 Bedroom Apartments

Krannert View

1105-1107 W Oregon StUrbana, 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
209 N Coler Ave
1 to 2 Bedroom Apartments

209 N Coler Ave

209 N Coler AveUrbana, IL 61801
Student Housing
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
Liberty Commons
2 to 3 Bedroom Apartments

Liberty Commons

1776 Independence AveUrbana, IL 61802
  • Utilities Included

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.

Read Article
close
View Me
302 W Locust St
1 Bedroom Apartments

302 W Locust St

302 W Locust StUrbana, IL 61801
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

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
Showing Results 1-50, Page 1 of 6

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 $450. 308GRE has the second lowest priced unit, which is a 2 Beds apartment currently listed from $450. Here is today’s list of the most affordable Urbana apartments for rent:

Apartment ListingModel NameBed/BathPriced From
305JOHIndividual Bedroom Available | Shared 4 Bed/3 B...4BR,3BA$450
308GREFall 2026 Leasing: 2 Bed / 1.5 Bath Apartment –...2BR,1BA$450
1002SECFlexible Bedroom LeasesStudio,2BA$450
705MAIAvailable Now – Furnished Bedrooms Near Downtow...3BR,1BA$450
1012 S 1st StIndividual Lease2BR,1BA$450
Parker Glen1Bdrm1BR,1BA$533
813 W Springfield1 Space left! Fall lease, two bed one bath apar...2BR,1BA$559
907SEFurnished Studio | ONE MONTH FREE!Studio,1BA$795

Best Value Apartments for Rent in Urbana, IL

As of September 11, 2026 the best value apartment in the Urbana area is the $0.66 price per square foot D2 Model at Campus Circle Urbana in the in the Downtown Champaign neighborhood starting from $899. The second greatest value Urbana apartment is the $1,000 Gift Card! 5 Bed Spaces Left! Available ... Model at 606 E Stoughton starting at $749 with a $0.61 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.
Campus Circle UrbanaD24BR,4BA$0.66
606 E Stoughton$1,000 Gift Card! 5 Bed Spaces Left! Available ...4BR,2BA$0.61
The Forge on Lincoln4x24BR,2BA$0.55
512 E Green4x34BR,3BA$0.75
Town Center Apartments3 Bedroom 2 Bath3BR,2BA$0.70
The Foundry3x33BR,3BA$0.65
202 E. Green St by Bankier Apartments4BR/3BA4BR,3BA$0.79
Capstone QuartersTwo Bedroom Standard2BR,2BA$0.73
The MansionIndividual Bedroom Leases3BR,1BA$0.61
Parker Glen1Bdrm1BR,1BA$0.72

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

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

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.

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 1002SEC listed at $450.

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

The lowest price for a Cheap One Bedroom Urbana Apartment is $533 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 $450 at 308GRE.

What is the most affordable Urbana Three Bedroom Apartment?

The best deal on a cheap Urbana Three Bedroom Apartment rental is at 705MAI and starts from $450.

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 Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.