
Cheap Homes for Rent in Urbana, IN from $300 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Urbana.


1610 Tippecanoe Dr

1710 Tippecanoe Dr

1614 Tippecanoe Dr

1706 Tippecanoe Dr
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

3451 W 100 N

7727 W Beachwood Ave

610 S Gallatin St

805 N Washington St

362 W 5th 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.

371 W 12th St

801 W 10th St

426 1/2 E Market St

1005 N Lincoln St

43012 Keesler Ct
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.

508 W 6th St
Urbana, IN 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 | $1,017 | $325 | $1,600 |
| Urbana 3 Bedroom Homes for Rent | $1,314 | $900 | $1,950 |
| Urbana 4 Bedroom Homes for Rent | $1,230 | $1,230 | $1,230 |
| Urbana 6 Bedroom Homes for Rent | $1,500 | $1,500 | $1,500 |
Browse Top Homes for Rent in Urbana
Explore Urbana
Urbana, IN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Urbana Apartments for Rent and Nearby
 The cheapest available apartment rental in Urbana, IN is a 2 Beds unit found at Historic Blue Bell Lofts priced from $498. Pechewa Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $729. Here is today’s list of the most affordable Urbana apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Historic Blue Bell Lofts | 2 Beds, 1 bath | 2BR,1BA | $498 |
| Pechewa Place | Upstairs 1 Bedroom | 1BR,1BA | $729 |
| Courts of Colfax Apartments | Winona | Studio,1BA | $750 |
| UB Lofts | One Bedroom | 1BR,1BA | $870 |
| Park Forest | 2 Bedroom | 2BR,1BA | $875 |
Best Value Apartments for Rent in Urbana, IN and Nearby
As of June 22, 2026 the best value apartment in the Urbana area is the $1.36 price per square foot Breezewood Sunroom Model at Redwood Fort Wayne Noyer Road in the in the Southwest Fort Wayne neighborhood starting from $2,322. 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. |
|---|---|---|---|
| Redwood Fort Wayne Noyer Road | Breezewood Sunroom | 2BR,2BA | $1.36 |
| Historic Blue Bell Lofts | 2 Beds, 1 bath | 2BR,1BA | $0.36 |
| Somerset Apartments | Two Bedroom | 2BR,1.5BA | $0.74 |
| Hilltop Ridge | 3 bed Mid Income Qualifying 3 bed | 3BR,1BA | $0.88 |
| Simonson Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.08 |
| Kuder Estates | Two Bedroom One Bathroom | 2BR,1BA | $1.07 |
| Park Forest | 2 Bedroom | 2BR,1BA | $1.06 |
| UB Lofts | One Bedroom | 1BR,1BA | $1.21 |
| Courts of Colfax Apartments | Winona | Studio ,1BA | $1.24 |
| Pechewa Place | Downstairs 1 Bedroom | 1BR,1BA | $1.22 |
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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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 Urbana
What type of rentals are currently available in Urbana?
There are currently 45 Apartments for Rent in Urbana, IN with pricing that ranges from $418 to $930,980. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Urbana ranging from $295 to $1,950.
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 $295 to $1,950 with an average monthly rent of $1,110.
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

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.