
Cheap Homes for Rent in Urbana, IL from $700 (30 Rentals)
Search the lowest-cost Homes available for rent right now in Urbana.


202 S Lynn St

711 W Church St

709 W Church St

313 Cottage Ct

611 W Church St

713 W Church St
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.

802 W Hill St

804 W Hill St

1001 E Washington St

906 E Harding Dr

904 N Broadway Ave
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.

808 W Hill St

704 Scottswood Dr

307 W Ells Ave

1203 E Harding Dr, Unit B

710 N Lincoln Ave

38 E Beardsley Ave

407 S Anderson St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

1506 Philo Rd

913 N Gregory St

1308 N Harris Ave

908 W Eureka St

409 S Anderson St
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.

420 Fairview Dr

1210 N Broadway Ave

805 E Michigan Ave

806 N Coler Ave

1412 N Champaign St
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 | $1,275 | $775 | $2,650 |
Urbana 3 Bedroom Homes for Rent | $2,029 | $1,050 | $5,500 |
Urbana 4 Bedroom Homes for Rent | $2,219 | $1,594 | $3,850 |
Urbana 5 Bedroom Homes for Rent | $2,866 | $2,500 | $3,100 |
Urbana 7 Bedroom Homes for Rent | $8,500 | $8,500 | $8,500 |
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 3 Beds unit found at Parker Glen priced from $525. 207 S Fifth in the Downtown Champaign neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $565. Here is today’s list of the most affordable Urbana apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Parker Glen | 3 Bedroom | 3BR,2BA | $525 |
207 S Fifth | IMMEDIATE MOVE IN - Individual Lease in a 4x2 U... | 4BR,2BA | $565 |
Windcrest Apartments | Studio / 1 Bathroom | Studio,1BA | $615 |
202 E Chalmers | IMMEDIATE MOVE IN - Individual Lease in a 4x3! ... | 4BR,3BA | $670 |
Clark Street | The Lewis | 1BR,1BA | $750 |
804 W Illinois | Individual leasing - 2x2 apartments across from... | 2BR,2BA | $840 |
508 W White St | 2 Bed / 1 Bath | 2BR,1BA | $895 |
The Courtyard on Randolph | 2BR/ 1BA | 2BR,1BA | $900 |
Bailey Student Apartments Available 2025! | 901 W Springfield - 2/1 | 2BR,1BA | $900 |
Town & Country Apartments | Camden | 1BR,1BA | $923 |
Best Value Apartments for Rent in Urbana, IL
As of June 17, 2025 the best value apartment in the Urbana area is the $0.40 price per square foot Three Bedroom Standar Model at Capstone Quarters in the in the Campustown IL neighborhood starting from $565. The second greatest value Urbana apartment is the 512 E John St Model at 512 E John St, Unit One and a half starting at $1,317 with a $0.94 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Capstone Quarters | Three Bedroom Standar | 3BR,3BA | $0.40 |
512 E John St, Unit One and a half | 512 E John St | 3BR,1BA | $0.94 |
Campus Circle Urbana | D2 | 4BR,4BA | $0.72 |
202 E Chalmers | IMMEDIATE MOVE IN - Individual Lease in a 4x3! ... | 4BR,3BA | $0.61 |
THE ALCOVE @ SECOND & JOHN | 2 Bedroom 1 Bath with Loft | 2BR,1BA | $0.90 |
Campus Oaks | Floorplan A - Price per person | 4BR,2BA | $0.60 |
702 W Green St, Unit 3 | 702 W Green St | 3BR,1BA | $1.00 |
Lancaster Apartments | 3 x 1 | 3BR,1BA | $0.79 |
207 S Fifth | IMMEDIATE MOVE IN - Individual Lease in a 4x2 U... | 4BR,2BA | $0.59 |
410 E. Green St by Bankier Apartments | 3BD/2BA | 3BR,2BA | $0.87 |
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.
Frequently Asked Questions about Urbana
What type of rentals are currently available in Urbana?
There are currently 571 Apartments for Rent in Urbana, IL with pricing that ranges from $525 to $3,360. There are also 84 Single Family Homes for rent, Condos, and Townhome rentals currently available in Urbana ranging from $775 to $8,500.
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 $775 to $8,500 with an average monthly rent of $2,972.
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 $875 to $2,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,050 to $5,500. Four Bedroom Single-Family rentals are also available starting from $1,594 and Four Bedroom Apartments start at $780.
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.