
Cheap Homes for Rent in Urbana, IL from $500 (18 Rentals)
Search the lowest-cost Homes available for rent right now in Urbana.


502 E Harding Dr

202 S Lynn St

711 W Church St

709 W Church St

609 W Church St

313 Cottage Ct

611 W Church St

713 W Church St

802 W Hill St
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.

804 W Hill St

1001 E Washington St

904 N Broadway Ave

615 W White St

808 W Hill St

1210 Lanore Dr

2005 Bruce Dr

1506 Philo Rd
Urbana, IL 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 | $1,180 | $775 | $1,700 |
Urbana 3 Bedroom Homes for Rent | $1,847 | $1,040 | $2,900 |
Urbana 4 Bedroom Homes for Rent | $2,118 | $1,375 | $3,995 |
Urbana 5 Bedroom Homes for Rent | $2,850 | $2,100 | $3,950 |
Browse Top Homes for Rent in Urbana
Explore Urbana
Urbana, IL Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
305JOH | 305 John 4 Bedroom | 4BR,3BA | $455 |
205 Stoughton | OLD - BTB - 4x2 | Studio,2BA | $455 |
Parker Glen | 3 Bedroom | 3BR,2BA | $525 |
207 S Fifth | IMMEDIATE MOVE IN - Individual Lease in a 4x2 U... | 4BR,2BA | $565 |
1002SEC | 4 Bed, 2 Bath on Frat Park | 4BR,2BA | $567 |
Best Value Apartments for Rent in Urbana, IL
As of April 28, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Capstone Quarters | Three Bedroom Standar | 3BR,3BA | $0.45 |
512 E John St, Unit One and a half | 512 E John St | 3BR,1BA | $0.94 |
Campus Circle Urbana | D2 | 4BR,4BA | $0.72 |
Parker Glen | 3 Bedroom | 3BR,2BA | $0.41 |
202 E Chalmers | IMMEDIATE MOVE IN - Individual Lease in a 4x3! ... | 4BR,3BA | $0.61 |
205 Stoughton | OLD - BTB - 4x2 | Studio ,2BA | $0.44 |
702 W Green St, Unit 3 | 702 W Green St | 3BR,1BA | $1.00 |
Campus Oaks | Floorplan A - Price per person | 4BR,2BA | $0.60 |
Lancaster Apartments | 3 x 1 | 3BR,1BA | $0.77 |
207 S Fifth | IMMEDIATE MOVE IN - Individual Lease in a 4x2 U... | 4BR,2BA | $0.59 |
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Frequently Asked Questions about Urbana
What type of rentals are currently available in Urbana?
There are currently 567 Apartments for Rent in Urbana, IL with pricing that ranges from $525 to $3,900. There are also 68 Single Family Homes for rent, Condos, and Townhome rentals currently available in Urbana ranging from $525 to $3,995.
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 $525 to $3,995 with an average monthly rent of $1,694.
How much are larger Three and Four Bedroom Rentals in Urbana?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Urbana range from $875 to $2,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,040 to $2,900. Four Bedroom Single-Family rentals are also available starting from $1,375 and Four Bedroom Apartments start at $780.
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.

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.

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.

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.

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.