Cheap Apartments for Rent in Urbana, IN from $300 (18 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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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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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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Urbana, IN Local Guide

Cheapest Available Urbana Apartments for Rent and Nearby

 

The cheapest available apartment rental in Urbana, IN is a 1 Bed unit found at Senior Living 55+ - Historic Gallatin Square priced from $379. Historic Blue Bell Lofts has the second lowest priced unit, which is a 2 Beds apartment currently listed from $498. Here is today’s list of the most affordable Urbana apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Senior Living 55+ - Historic Gallatin SquareOne Bedroom1BR,1BA$379
Historic Blue Bell Lofts2 Beds, 1 bath2BR,1BA$498
Your new home awaits!1 Bedroom1BR,1BA$650
Beckford Place1 Bedroom1BR,1BA$675
Pechewa PlaceUpstairs 1 Bedroom1BR,1BA$699

Best Value Apartments for Rent in Urbana, IN and Nearby

As of March 14, 2026 the best value apartment in the Urbana area is the $0.36 price per square foot 2 Beds, 1 bath Model at Historic Blue Bell Lofts in the starting from $498. The second greatest value Urbana apartment is the Two Bedroom Model at Somerset Apartments starting at $812 with a $0.65 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.
Historic Blue Bell Lofts2 Beds, 1 bath2BR,1BA$0.36
Somerset ApartmentsTwo Bedroom2BR,1.5BA$0.65
Thomas Jefferson Park2 Bedroom2BR,1.5BA$0.77
UB LoftsTwo Bedroom2BR,1BA$0.97
Senior Living 55+ - Historic Gallatin SquareTwo Bedroom2BR,1BA$0.77
Simonson Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.07
Carriage Place ApartmentsThe Lincoln - Renovated2BR,1BA$1.15
Hilltop RidgeHigh Income Qualify2BR,1BA$0.96
Park Forest2 Bedroom2BR,1BA$1.06
Millstone Apartments1 bedroom1BR,1BA$1.12

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.

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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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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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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.

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Remember the 3 Rules of Real Estate:
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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 Courts of Colfax Apartments listed at $750.

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

The lowest price for a Cheap One Bedroom Urbana Apartment is $379 at Senior Living 55+ - Historic Gallatin Square.

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 $498 at Historic Blue Bell Lofts.

What is the most affordable Urbana Three Bedroom Apartment?

The best deal on a cheap Urbana Three Bedroom Apartment rental is at Thomas Jefferson Park and starts from $950.

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

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.