Cheap Apartments for Rent in Urbana, IL from $300 (131 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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1105ORE
Studio to 2 Bedroom Apartments

1105ORE

1105 W Oregon StUrbana, IL 61801
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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

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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2008 Vawter St
2 to 4 Bedroom Apartments

2008 Vawter St

2008 Vawter StUrbana, IL 61801
  • 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
  • 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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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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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
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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

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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Colorado Hills
1 to 2 Bedroom Apartments

Colorado Hills

703 E Colorado AveUrbana, IL 61801
  • Utilities Included
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506 W Elm
2 to 3 Bedroom Apartments

506 W Elm

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

505 S Busey Ave

505 S Busey 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
  • Utilities Included
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Gregory Place West
1 to 2 Bedroom Apartments

Gregory Place West

701 S Gregory StUrbana, IL 61801
Student Housing
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804 W Illinois
Studio to 2 Bedroom Apartments

804 W Illinois

804 W Illinois StUrbana, 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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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
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101BUS
2 Bedroom Apartments

101BUS

101 N Busey AveUrbana, IL 61801
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Willow Springs
2 Bedroom Apartments

Willow Springs

1606 Willow View RdUrbana, IL 61802
Furnished
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Windsor Duplexes
2 Bedroom Apartments

Windsor Duplexes

907 E Harding DrUrbana, IL 61801
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Crestview
2 to 4 Bedroom Apartments

Crestview

1806 S Cottage Grove AveUrbana, IL 61801
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209COL
1 to 2 Bedroom Apartments

209COL

209 N Coler AveUrbana, IL 61801

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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712 W Green, Urbana
2 Bedroom Apartments

712 W Green, Urbana

712 W Green StUrbana, IL 61801
  • Utilities Included

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. 1002SEC in the Downtown Champaign neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $658. Here is today’s list of the most affordable Urbana apartments for rent:

Apartment ListingModel NameBed/BathPriced From
305JOHUpdated 4 Bed/THREE Bath apartment on the corne...4BR,3BA$499
1002SECRemodeled Unit 4 Bed 2 Bath on Frat Park4BR,2BA$658
105 E John StOne Bedroom1BR,1BA$675
Parker Glen3 Bedroom3BR,2BA$680
Windcrest Apartments1 Bedroom / 1 Bathroom1BR,1BA$750
Clark StreetThe Lewis1BR,1BA$750
University ParkOne Bedroom1BR,1BA$825
Yugo Champaign South 3rd Lofts3 Bed, 2 Bath Loft Plus3BR,2BA$829
Prairie Green Apartment Homes2 Bed 1 Bath2BR,1BA$850

Best Value Apartments for Rent in Urbana, IL

As of September 14, 2025 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
1008 S. 4thC13BR,2BA$0.75
608 E ChalmersPRICE DROP! INDIVIDUAL LEASING! Brand New 3x3s ...3BR,3BA$0.83
59JOH3 Bed, 2 Bath @ John & First St.3BR,2BA$0.42
Campus OaksFloorplan A - Price per person4BR,2BA$0.60
702 W Green St, Unit 3702 W Green St3BR,1BA$1.00
Town Center Apartments2 Bedroom 1 Bath2BR,1BA$0.97
Capstone QuartersTwo Bedroom Standard2BR,2BA$0.71
The Courtyard on Randolph2BR/ 1BA2BR,1BA$1.06

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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 Yugo Urbana Illinois listed at $1,359.

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

The lowest price for a Cheap One Bedroom Urbana Apartment is $675 at 105 E John 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 $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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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.