
Cheap Homes for Rent in Urbana, IL from $500 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Urbana.


802 W Hill St

804 W Hill St

611 W Church St

907 E California Ave, Unit 2

609 W White St

904 N Broadway Ave

2011 Bruce Dr

2005 Bruce Dr

407 S Anderson St

1302 Christopher Cir

830 W Maple St
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 | $1,335 | $750 | $2,550 |
Urbana 3 Bedroom Homes for Rent | $1,767 | $1,225 | $2,900 |
Urbana 4 Bedroom Homes for Rent | $2,318 | $1,395 | $3,995 |
Urbana 5 Bedroom Homes for Rent | $3,087 | $2,100 | $3,950 |
Urbana 6 Bedroom Homes for Rent | $3,350 | $3,350 | $3,350 |
Browse Top Homes for Rent in Urbana
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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 |
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 |
Windcrest Apartments | Studio / 1 Bathroom | Studio,1BA | $615 |
Best Value Apartments for Rent in Urbana, IL
As of April 07, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Capstone Quarters | Three Bedroom Standar | 3BR,3BA | $0.40 |
512 E John St, Unit One and a half | 512 E John St | 3BR,1BA | $0.94 |
Pacifica on Green | D1 - | 4BR,3BA | $0.63 |
202 E Chalmers | IMMEDIATE MOVE IN - Individual Lease in a 4x3! ... | 4BR,3BA | $0.61 |
205 Stoughton | OLD - BTB - 4x2 | Studio ,2BA | $0.44 |
405 W Oregon St, Unit 405.5 | 405 W Oregon St | 2BR,1BA | $0.95 |
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 558 Apartments for Rent in Urbana, IL with pricing that ranges from $525 to $3,900. There are also 59 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 $2,155.
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 $1,225 to $2,900. Four Bedroom Single-Family rentals are also available starting from $1,395 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.

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.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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.