Cheap Apartments for Rent in Urbana, MO from $400 (40 Rentals)

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Search the lowest-cost Apartments available for rent right now in Urbana.

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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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.

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Wyota Commons West
Studio Apartments

Wyota Commons West

2071 W Elm StLebanon, MO 65536
  • Utilities Included
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Wyota Commons
Studio Apartments

Wyota Commons

1221 Millcreek RdLebanon, MO 65536
  • Utilities Included

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.

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Urbana, MO Local Guide

Cheapest Available Urbana Apartments for Rent and Nearby

 

The cheapest available apartment rental in Urbana, MO is a 2 Beds unit found at North Terrace Apartments in the Northeast neighborhood priced from $575. Oak Place in the Northeast neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $625. Here is today’s list of the most affordable Urbana apartments for rent:

Apartment ListingModel NameBed/BathPriced From
North Terrace Apartments2 x 1 Small2BR,1BA$575
Oak Place1 bedroom1BR,1BA$625
El Chaparral ApartmentsEl Chaparral 1 Bedroom, 1 Bathroom1BR,1BA$695
Park East - The SterlingThe MillerStudio,1BA$709
Park East - CrescoHubbleStudio,1BA$715
The Greens at SpringfieldClassic1BR,1BA$735
Embassy ApartmentsEmbassy Apartments - Close to MSU, Downtown Spf...2BR,1BA$775
Hillcrest 902 Bedroom2BR,1BA$795
SoEl District LoftsStudio/1 Bath/Floorplan BStudio,1BA$799
The WillowsStudioStudio,1BA$800

Best Value Apartments for Rent in Urbana, MO and Nearby

As of July 11, 2025 the best value apartment in the Urbana area is the $1.00 price per square foot 3 Bedroom/3 Bath, June 1 Model at Bear Place in the in the Central neighborhood starting from $1,500. The second greatest value Urbana apartment is the 3x3 Telluride A/B/C Model at Aspen Heights Springfield starting at $660 with a $0.56 price per square foot in the Central neighborhood. 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.
Bear Place3 Bedroom/3 Bath, June 13BR,3BA$1.00
Aspen Heights Springfield3x3 Telluride A/B/C3BR,3BA$0.56
Parkwood Apartments2 Beds, 2 Baths2BR,2BA$0.89
Coryell Courts ApartmentsChristopher 11BR,1BA$1.16
Hillcrest 902 Bedroom2BR,1BA$0.86
Embassy ApartmentsEmbassy Apartments - Close to MSU, Downtown Spf...2BR,1BA$0.87
Park East - Sky ElevenWoodruff1BR,1BA$1.05
North Terrace Apartments2 x 1 Small2BR,1BA$0.73
Elevate Student Living - Deep ElmD12BR,2BA$0.97
400 Place1 Bedroom1BR,1BA$1.16

Quick Rent Budget Calculator

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Pet Friendly Lifestyle

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Urbana, MO Rentals by Map

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See the most popular apartments and homes in Urbana, MO

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Getting Around Urbana, MO

Walk Score®

10 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

39 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 El Madrid listed at $675.

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

The lowest price for a Cheap One Bedroom Urbana Apartment is $625 at Oak Place.

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 $575 at North Terrace Apartments.

What is the most affordable Urbana Three Bedroom Apartment?

The best deal on a cheap Urbana Three Bedroom Apartment rental is at Bear Place and starts from $1,500.

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.