Cheap Apartments for Rent in Urbana, IL from $300 (158 Rentals)

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Cheap Apartments in Urbana.

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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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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1105 W Main
1 Bedroom Apartments

1105 W Main

1105 W Main StUrbana, IL 61801
Student Housing
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1105ORE
2 Bedroom Apartments

1105ORE

1105 W Oregon StUrbana, IL 61801
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106 S Gregory
4 Bedroom Apartments

106 S Gregory

106 S Gregory StUrbana, IL 61801
Student Housing
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509 W Main St
1 Bedroom Apartments

509 W Main St

509 W Main StUrbana, IL 61801
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2008 Vawter St
2 to 4 Bedroom Apartments

2008 Vawter St

2008 Vawter StUrbana, IL 61801
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Liberty Commons
2 to 3 Bedroom Apartments

Liberty Commons

1776 Independence AveUrbana, IL 61802
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302 W Locust St
1 Bedroom Apartments

302 W Locust St

302 W Locust StUrbana, IL 61801
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The Cove
2 Bedroom Apartments

The Cove

1507 Washington St EUrbana, IL 61802
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Bailey Apartments
1 Bedroom Apartments

Bailey Apartments

1004 W Springfield AveUrbana, IL 61801
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Colorado Hills
1 to 2 Bedroom Apartments

Colorado Hills

703 E Colorado AveUrbana, IL 61801
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102 N Gregory St
2 Bedroom Apartments

102 N Gregory St

102 N Gregory StUrbana, IL 61801
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506 W Elm
2 Bedroom Apartments

506 W Elm

506 W Elm StUrbana, IL 61801
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505 S Busey Ave
2 Bedroom Apartments

505 S Busey Ave

505 S Busey AveUrbana, IL 61801
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902 S Lincoln Ave
Studio Apartments

902 S Lincoln Ave

902 S Lincoln AveUrbana, IL 61801
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Showing Results 1-50, Page 1 of 4

Urbana, IL Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Available Urbana Apartments for Rent

 

The cheapest available apartment rental in Urbana, IL is a 4 Beds unit found at 305JOH in the Downtown Champaign neighborhood priced from $455. 205 Stoughton in the Downtown Champaign neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $455. Here is today’s list of the most affordable Urbana apartments for rent:

Apartment ListingModel NameBed/BathPriced From
305JOH305 John 4 Bedroom4BR,3BA$455
205 StoughtonOLD - BTB - 4x2Studio,2BA$455
Parker Glen3 Bedroom3BR,2BA$525
207 S FifthIMMEDIATE MOVE IN - Individual Lease in a 4x2 U...4BR,2BA$565
1002SEC4 Bed, 2 Bath on Frat Park4BR,2BA$567
Windcrest ApartmentsStudio / 1 BathroomStudio,1BA$615
202 E ChalmersIMMEDIATE MOVE IN - Individual Lease in a 4x3! ...4BR,3BA$670
Clark StreetThe Lewis1BR,1BA$750
ONYXThe Cottage2BR,1BA$795
Town and CountryDanbury1BR,1BA$845

Best Value Apartments for Rent in Urbana, IL

As of May 03, 2025 the best value apartment in the Urbana area is the $0.45 price per square foot Three Bedroom Standar Model at Capstone Quarters in the in the Midtown Champaign neighborhood starting from $625. The second greatest value Urbana apartment is the 512 E John St Model at 512 E John St, Unit One and a half starting at $1,317 with a $0.94 price per square foot in the Downtown Champaign 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.
Capstone QuartersThree Bedroom Standar3BR,3BA$0.45
512 E John St, Unit One and a half512 E John St3BR,1BA$0.94
Campus Circle UrbanaD24BR,4BA$0.72
202 E ChalmersIMMEDIATE MOVE IN - Individual Lease in a 4x3! ...4BR,3BA$0.61
205 StoughtonOLD - BTB - 4x2Studio ,2BA$0.44
Campus OaksFloorplan A - Price per person4BR,2BA$0.60
702 W Green St, Unit 3702 W Green St3BR,1BA$1.00
Lancaster Apartments3 x 13BR,1BA$0.77
207 S FifthIMMEDIATE MOVE IN - Individual Lease in a 4x2 U...4BR,2BA$0.59
112 E. Green St by Bankier Apartments2 Bed 1 Bath2BR,1BA$1.06

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Urbana Overview

The Midwestern United States is one of the fastest growing regions of the country and one of the most popular cities is Urbana, IL. Urbana apartments represent a great living opportunity for both individuals and families alike. Apartments in Urbana, IL provide everyone with an affordable way to live, work, and enjoy everything this great city has to offer, Urbana, IL is known for its gorgeous weather, friendly people, and delicious food! With this in mind, take a few minutes to learn more about why so many people are falling in love with Urbana, IL.

Why live in Urbana, IL?

The vast majority of people choose to live in Urbana, IL because of the lifestyle it provides. Urbana, IL is home to fantastic schools from childhood through college. The weather is mild and the city is easy to navigate. There is always great food and festivals take place in the city from time to time. The people are friendly to everyone, making this a great town for individuals and families of all ages. For these reasons, many people are flocking to Urbana, IL to call this city home.

Best Local Schools in
Urbana, IL

School data provided by Great Schools

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

Explore Urbana, IL Rentals by Map

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See the most popular apartments and homes in Urbana, IL

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Getting Around Urbana, IL

Walk Score®

56 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

65 / 100

Bikeable

Some bike infrastructure

Transit Score®

44 / 100

Some Transit

A few nearby public transportation options

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 205 Stoughton listed at $455.

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

The lowest price for a Cheap One Bedroom Urbana Apartment is $750 at Clark Street.

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 $755 at Clark Street.

What is the most affordable Urbana Three Bedroom Apartment?

The best deal on a cheap Urbana Three Bedroom Apartment rental is at Parker Glen and starts from $525.

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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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.