
Cheap Homes for Rent in Urbana, IL from $600 (23 Rentals)
Search the lowest-cost Homes available for rent right now in Urbana.


904 N Broadway Ave

810 N Coler Ave

2008 Vawter St

312 W Springfield Ave

1002 E Willard St
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.

1303 Christopher Cir

409 S Anderson St

719 Sherwood Terrace

1403 Laurel Dr

1120 Lanore Dr

402 S Dodson Dr

807 N Prospect Ave
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.

204 W William St

708 Scottswood Dr

301 Hessel Blvd

3001 Flessner Rd

1301 S Cottage Grove Ave

606 S Webber St

801 W Stoughton St, Unit B
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.

401 1/2 W Vine St

310 Cottage Ct
Urbana, IL Local Guide

How much does it cost to rent a home in Urbana?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Urbana 2 Bedroom Homes for Rent | $1,469 | $900 | $2,350 |
| Urbana 3 Bedroom Homes for Rent | $1,821 | $1,295 | $5,000 |
| Urbana 4 Bedroom Homes for Rent | $1,847 | $1,395 | $2,600 |
| Urbana 5 Bedroom Homes for Rent | $3,173 | $2,420 | $3,600 |
| Urbana 6 Bedroom Homes for Rent | $3,330 | $3,330 | $3,330 |
| Urbana 7 Bedroom Homes for Rent | $7,000 | $7,000 | $7,000 |
Browse Top Homes for Rent in Urbana
Explore Urbana
Urbana, IL Local Guide
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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. THE ALCOVE @ SECOND & JOHN in the Downtown Champaign neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $575. Here is today’s list of the most affordable Urbana apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 305JOH | Spacious 4 Bed/3 Bath Apartment on the corner o... | 4BR,3BA | $499 |
| THE ALCOVE @ SECOND & JOHN | 3 Bedroom 1 Bath | 3BR,1BA | $575 |
| Windcrest Apartments | Studio / 1 Bathroom | Studio,1BA | $625 |
| 1002SEC | Fall 2026 Leasing – 4-Bedroom, 2-Bath | 4BR,2BA | $658 |
| Town & Country Apartments | Kensington | 1BR,1BA | $782 |
Best Value Apartments for Rent in Urbana, IL
As of December 31, 2025 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 3 Bedroom Model at Parker Glen starting at $1,305 with a $1.03 price per square foot . Here is today’s list of the best values for Urbana apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 200 Vine St | 2 Bedroom/2.5 bath | 2BR,2BA | $1.07 |
| Parker Glen | 3 Bedroom | 3BR,2BA | $1.03 |
| Town Center Apartments | 3 Bedroom 2 Bath | 3BR,2BA | $1.01 |
| 59JOH | 3 Bed, 2 Bath @ John & First St. | 3BR,2BA | $0.42 |
| 1002 E Willard St, Unit A | 1002 E Willard St | 2BR,1BA | $1.05 |
| 519 E. Green St by Bankier Apartments | 2 bed 2 bath - 519 E. Green St | 2BR,2BA | $1.15 |
| Campus Oaks | Floorplan A - Price per person | 4BR,2BA | $0.75 |
| Pfeffer Apartments - NOW LEASING AUGUST 2026 | Shared Apartment Individual Lease | 1BR,1BA | $0.58 |
| 702 W Green St, Unit 3 | 702 W Green St | 3BR,1BA | $1.00 |
| The Courtyard on Randolph | 2BR/ 1BA | 2BR,1BA | $1.06 |
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 ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
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
See the most popular apartments and homes in Urbana, IL
Frequently Asked Questions about Urbana
What type of rentals are currently available in Urbana?
There are currently 578 Apartments for Rent in Urbana, IL with pricing that ranges from $518 to $3,800. There are also 75 Single Family Homes for rent, Condos, and Townhome rentals currently available in Urbana ranging from $675 to $7,000.
What is the current price range for Rental Homes in Urbana?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Urbana ranges from $675 to $7,000 with an average monthly rent of $2,834.
How much are larger Three and Four Bedroom Rentals in Urbana?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Urbana range from $575 to $3,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,295 to $5,000. Four Bedroom Single-Family rentals are also available starting from $1,395 and Four Bedroom Apartments start at $835.
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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
