
Cheap Apartments for Rent in Urbana, IN from $300 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in Urbana.


Historic Blue Bell Lofts

Welcome to Beckford Place

Your new home awaits!

Turtle Creek Apartments

UB Lofts
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Welcome to Somerset Village!

3451 W 100 N

221 N Columbia St

600 N Lake St

805 N Washington St

2524 S Washington St
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.
Urbana, IN Local Guide

How much does it cost to rent an apartment in Urbana?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Urbana Studio Apartments | $752 | $550 | $990 |
| Urbana 1 Bedroom Apartments | $895 | $379 | $1,614 |
| Urbana 2 Bedroom Apartments | $1,123 | $498 | $2,450 |
| Urbana 3 Bedroom Apartments | $1,284 | $950 | $1,895 |
Browse Top Apartments in Urbana
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Urbana, IN Local Guide
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Cheapest Available Urbana Apartments for Rent and Nearby
 The cheapest available apartment rental in Urbana, IN is a 1 Bed unit found at Senior Living 55+ - Historic Gallatin Square priced from $379. Historic Blue Bell Lofts has the second lowest priced unit, which is a 2 Beds apartment currently listed from $498. Here is today’s list of the most affordable Urbana apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Senior Living 55+ - Historic Gallatin Square | One Bedroom | 1BR,1BA | $379 |
| Historic Blue Bell Lofts | 2 Beds, 1 bath | 2BR,1BA | $498 |
| Pechewa Place | Upstairs 1 Bedroom | 1BR,1BA | $599 |
| Your new home awaits! | 1 Bedroom | 1BR,1BA | $650 |
| Welcome to Beckford Place | 1 Bedroom | 1BR,1BA | $675 |
Best Value Apartments for Rent in Urbana, IN and Nearby
As of December 31, 2025 the best value apartment in the Urbana area is the $0.59 price per square foot Townhouse Model at Come home to Highland North Townhomes! in the starting from $1,150. The second greatest value Urbana apartment is the NOW LEASING!!! BRAND NEW 3 BEDROOM 2 BATHROOM!!! Model at Welcome to Tippe River Downs starting at $1,550 with a $1.09 price per square foot . 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. |
|---|---|---|---|
| Come home to Highland North Townhomes! | Townhouse | 2BR,1.5BA | $0.59 |
| Welcome to Tippe River Downs | NOW LEASING!!! BRAND NEW 3 BEDROOM 2 BATHROOM!!! | 3BR,2BA | $1.09 |
| Historic Blue Bell Lofts | 2 Beds, 1 bath | 2BR,1BA | $0.36 |
| Somerset Apartments | Two Bedroom | 2BR,1.5BA | $0.68 |
| Thomas Jefferson Park | 2 Bedroom | 2BR,1.5BA | $0.77 |
| North Ridge Apartments | 3 Bedroom | 3BR,2BA | $0.97 |
| Senior Living 55+ - Historic Gallatin Square | Two Bedroom | 2BR,1BA | $1.06 |
| Simonson Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.05 |
| CLEAR CREEK APARTMENTS | 2 bedroom 2 bath | 2BR,2BA | $1.06 |
| Come home to Granton Place today! | 1 bedroom | 1BR,1BA | $0.98 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Urbana, IN Rentals by Map
See the most popular apartments and homes in Urbana, IN
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 UB Lofts listed at $700.
How much is rent for a Cheap One Bedroom Urbana Apartment?
The lowest price for a Cheap One Bedroom Urbana Apartment is $379 at Senior Living 55+ - Historic Gallatin Square.
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 $498 at Historic Blue Bell Lofts.
What is the most affordable Urbana Three Bedroom Apartment?
The best deal on a cheap Urbana Three Bedroom Apartment rental is at Thomas Jefferson Park and starts from $950.
Expert Rental Resources
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.
Articles, How-To's, and Tips

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

