Cheap Homes for Rent in Urbana, IN from $300 (14 Rentals)

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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.

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.

Urbana, IN Local Guide

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 $356. Historic Gallatin Square Senior Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $357. Here is today’s list of the most affordable Urbana apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Historic Blue Bell Lofts2 Beds, 1 bath2BR,1BA$356
Historic Gallatin Square Senior ApartmentsOne Bedroom1BR,1BA$357
BECKFORD PLACE APARTMENTSStudioStudio,1BA$525
UB LoftsStudioStudio,1BA$680
Turtle Creek ApartmentsStudioStudio,1BA$695

Best Value Apartments for Rent in Urbana, IN and Nearby

As of July 15, 2025 the best value apartment in the Urbana area is the $1.20 price per square foot 3 Bedroom Model at Homestead Townhomes in the in the Southwest Fort Wayne neighborhood starting from $1,799. The second greatest value Urbana apartment is the 2 Beds, 1 bath Model at Historic Blue Bell Lofts starting at $356 with a $0.26 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.
Homestead Townhomes3 Bedroom3BR,2.5BA$1.20
Historic Blue Bell Lofts2 Beds, 1 bath2BR,1BA$0.26
Thomas Jefferson Park2 Bedroom2BR,1.5BA$0.77
Historic Gallatin Square Senior ApartmentsTwo Bedroom2BR,1BA$1.00
Wabash River Commons2B2B SENIOR2BR,2BA$1.18
Simonson Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.06
Kuder EstatesTwo Bedroom One Bathroom2BR,1BA$1.06
Turnberry Square Apartments2 bed/2 bath2BR,2BA$1.19
Somerset ApartmentsOne Bedroom1BR,1BA$0.98
MILLSTONE APARTMENTS1 bedroom1BR,1BA$1.12

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Frequently Asked Questions about Urbana

What type of rentals are currently available in Urbana?

There are currently 40 Apartments for Rent in Urbana, IN with pricing that ranges from $285 to $2,500. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Urbana ranging from $295 to $3,975.

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 $3,975 with an average monthly rent of $994.

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.

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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.

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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.

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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.

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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.