Cheap Apartments for Rent in Urbana, IL from $300 (142 Rentals)

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712 W Illinois St
$1,0453 Bedroom, 2 Bath RentalsAvailable Now

712 W Illinois St

Urbana, IL 61801
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1105 W Main
1 Bedroom Apartments

1105 W Main

1105 W Main StUrbana, IL 61801
Student Housing
Utilities inc.
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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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505 S Busey Ave
2 Bedroom Apartments

505 S Busey Ave

505 S Busey AveUrbana, 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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712 W Elm St
Studio to 2 Bedroom Apartments

712 W Elm St

712-714 W Elm StUrbana, 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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Hillview
1 to 2 Bedroom Apartments

Hillview

1701 E Florida AveUrbana, IL 61802
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706 S Walnut St
2 Bedroom Apartments

706 S Walnut St

706 S Walnut StUrbana, IL 61801
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Deerfield Woods
2 Bedroom Apartments

Deerfield Woods

1702 Cindy Lynn StUrbana, IL 61802
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1010
1 Bedroom Apartments

1010

1010 W Main StUrbana, IL 61801

Urbana, IL Local Guide

Photo of Staff Writer  - Local Guide Expert
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. 508 W White in the Downtown Champaign neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $555. Here is today’s list of the most affordable Urbana apartments for rent:

Apartment ListingModel NameBed/BathPriced From
305JOH305 John 4 Bedroom4BR,3BA$455
508 W WhiteThe Holiday1BR,1BA$555
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
Urbana Estates1x1Urbana Estates1BR,1BA$675
106 N gregory1 bed1BR,1BA$735
Clark StreetThe Lewis1BR,1BA$750
808 N Lincoln Ave1 bed1BR,1BA$795

Best Value Apartments for Rent in Urbana, IL

As of February 23, 2025 the best value apartment in the Urbana area is the $0.40 price per square foot Three Bedroom Standar Model at Capstone Quarters in the in the Midtown Champaign neighborhood starting from $560. 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$0.40
512 E John St, Unit One and a half512 E John St3BR,1BA$0.94
Parker Glen3 Bedroom3BR,2BA$1.01
302 W Columbia Ave, Unit 1302 W Columbia Ave2BR,1BA$1.04
202 E ChalmersIMMEDIATE MOVE IN - Individual Lease in a 4x3! ...4BR,3BA$0.61
702 W Green St, Unit 3702 W Green St3BR,1BA$1.00
Campus OaksFloorplan A - Price per person4BR,2BA$0.60
Lancaster Apartments3 x 13BR,1BA$0.86
207 S FifthIMMEDIATE MOVE IN - Individual Lease in a 4x2 U...4BR,2BA$0.59
Urbana Estates1x1Urbana Estates1BR,1BA$1.03

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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.

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

Explore Urbana, IL Rentals by Map

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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

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 Windcrest Apartments listed at $615.

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

The lowest price for a Cheap One Bedroom Urbana Apartment is $555 at 508 W White.

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 Urbana Estates and starts from $875.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.

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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.