
Cheap Apartments for Rent in Urbana, IN from $300 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in Urbana.


Historic Blue Bell Lofts

Welcome to Beckford Place

Your new home awaits!

Turtle Creek Apartments
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.

1612 Tippecanoe Dr

1706 Tippecanoe Dr

3451 W 100 N

600 N Lake St

908 E Garfield 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.

Roanoke Heights Apartments
Urbana, IN Local Guide

How much does it cost to rent an apartment in Urbana?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Urbana Studio Apartments | $725 | $550 | $990 |
| Urbana 1 Bedroom Apartments | $896 | $379 | $1,649 |
| Urbana 2 Bedroom Apartments | $1,113 | $498 | $2,450 |
| Urbana 3 Bedroom Apartments | $1,339 | $950 | $1,995 |
| Urbana 4 Bedroom Apartments | $1,250 | $1,250 | $1,250 |
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Urbana, IN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Senior Living 55+ - Historic Gallatin Square | One Bedroom | 1BR,1BA | $379 |
| Historic Blue Bell Lofts | 2 Beds, 1 bath | 2BR,1BA | $498 |
| Welcome to Beckford Place | Studio | Studio,1BA | $550 |
| Your new home awaits! | 1 Bedroom | 1BR,1BA | $650 |
| Somerset Apartments | One Bedroom | 1BR,1BA | $709 |
Best Value Apartments for Rent in Urbana, IN and Nearby
As of January 26, 2026 the best value apartment in the Urbana area is the $0.59 price per square foot Townhouse Model at Come home to Highland North Townhomes! in the starting from $1,150. The second greatest value Urbana apartment is the 2 Beds, 1 bath Model at Historic Blue Bell Lofts starting at $498 with a $0.36 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. |
|---|---|---|---|
| Come home to Highland North Townhomes! | Townhouse | 2BR,1.5BA | $0.59 |
| Historic Blue Bell Lofts | 2 Beds, 1 bath | 2BR,1BA | $0.36 |
| Thomas Jefferson Park | 2 Bedroom | 2BR,1.5BA | $0.77 |
| Senior Living 55+ - Historic Gallatin Square | Two Bedroom | 2BR,1BA | $0.77 |
| Simonson Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.05 |
| Lakeland Villa Apartments | 2x1 | 2BR,1BA | $1.10 |
| Hilltop Ridge | 2 Beds, 1 bath | 2BR,1BA | $1.00 |
| Come home to Park Forest today! | 2 Bedroom | 2BR,1BA | $1.09 |
| Come home to Granton Place today! | 1 bedroom | 1BR,1BA | $0.98 |
| Somerset Apartments | One Bedroom | 1BR,1BA | $0.98 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Urbana, IN Rentals by Map
See the most popular apartments and homes in Urbana, IN
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 Welcome to Beckford Place listed at $550.
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

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.

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.

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.