Cheap Homes for Rent in Urbana, IL from $600 (17 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Showing Results 1-17, Page 1 of 1

Urbana, IL Local Guide

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 3 Beds apartment currently listed from $525. 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 Glen3 Bedroom3BR,2BA$525
Windcrest ApartmentsStudio / 1 BathroomStudio,1BA$625
1002SECFall 2026 Leasing – 4-Bedroom, 2-Bath4BR,2BA$658
105 E John StOne Bedroom1BR,1BA$675

Best Value Apartments for Rent in Urbana, IL

As of November 15, 2025 the best value apartment in the Urbana area is the $0.97 price per square foot 3 Bedrooms Model at 605 S Prairie St in the in the Downtown Champaign neighborhood starting from $1,750. The second greatest value Urbana apartment is the 705 W Healey St Model at 705 W Healey St, Unit 705 Healey starting at $1,800 with a $1.03 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.
605 S Prairie St3 Bedrooms3BR,2BA$0.97
705 W Healey St, Unit 705 Healey705 W Healey St3BR,1.5BA$1.03
204 Avondale Ave, Unit B204 Avondale Ave4BR,1.5BA$0.99
112 E. Green St by Bankier Apartments4 Bed 2 Bath4BR,2BA$0.67
Town Center Apartments3 Bedroom 2 Bath3BR,2BA$1.01
59JOH3 Bed, 2 Bath @ John & First St.3BR,2BA$0.42
Campus OaksFloorplan A - Price per person4BR,2BA$0.65
702 W Green St, Unit 3702 W Green St3BR,1BA$1.00
202 E. Green St by Bankier Apartments4BR/3BA4BR,3BA$0.95
Capstone QuartersTwo Bedroom Standard2BR,2BA$0.71

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

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 Urbana

What type of rentals are currently available in Urbana?

There are currently 579 Apartments for Rent in Urbana, IL with pricing that ranges from $479 to $4,080. There are also 72 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 $2,725.

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 $4,080, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $5,000. Four Bedroom Single-Family rentals are also available starting from $1,395 and Four Bedroom Apartments start at $479.

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.