Cheap Apartments for Rent in Urbana, MO from $500 (43 Rentals)

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Search the lowest-cost Apartments available for rent right now in Urbana.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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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Wyota Commons West
Studio Apartments

Wyota Commons West

2071 W Elm StLebanon, MO 65536
  • Utilities Included
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Wyota Commons
Studio Apartments

Wyota Commons

1221 Millcreek RdLebanon, MO 65536
  • Utilities Included
Showing Results 1-43, Page 1 of 1

Urbana, MO Local Guide

Cheapest Available Urbana Apartments for Rent and Nearby

 

The cheapest available apartment rental in Urbana, MO is a 4 Beds unit found at Park East - The U in the Central neighborhood priced from $575. North Terrace Apartments in the Northeast neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $575. Here is today’s list of the most affordable Urbana apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Park East - The UThe Drake4BR,4BA$575
North Terrace Apartments2 x 1 Small2BR,1BA$575
Oak Place1 bedroom1BR,1BA$625
Park East - CrescoGlass2BR,2BA$655
Hillcrest 901 Bedroom1BR,1BA$695
Park East - The SterlingThe MillerStudio,1BA$709
The Greens at SpringfieldClassic1BR,1BA$735
Orchard ParkStudio BStudio,1BA$770
Embassy ApartmentsEmbassy Apartments - Close to MSU, Downtown Spf...2BR,1BA$775
SoEl District LoftsStudio/1 Bath/Floorplan BStudio,1BA$799

Best Value Apartments for Rent in Urbana, MO and Nearby

As of May 18, 2025 the best value apartment in the Urbana area is the $1.19 price per square foot Penthouse Model at 400 Place in the in the Central neighborhood starting from $3,000. The second greatest value Urbana apartment is the 4 Bedroom Model at Artifacts Warehouse Lofts starting at $1,700 with a $0.77 price per square foot in the Central 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.
400 PlacePenthouse2BR,1BA$1.19
Artifacts Warehouse Lofts4 Bedroom4BR,2BA$0.77
Bear Place3 Bedroom/3 Bath, June 13BR,3BA$1.00
Parkway Townhouses3 Bed 2 Bath3BR,2BA$1.18
Parkwood Apartments2 Beds, 2 Baths2BR,2BA$0.89
Embassy ApartmentsEmbassy Apartments - Close to MSU, Downtown Spf...2BR,1BA$0.87
Aspen Heights Springfield2x2 Frisco A/B2BR,2BA$0.92
North Terrace Apartments2 x 1 Small2BR,1BA$0.73
Elevate Student Living - Deep ElmD12BR,2BA$0.97
Hillcrest 901 Bedroom1BR,1BA$1.06

Quick Rent Budget Calculator

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Pet Friendly Lifestyle

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Pet Friendliness Lifestyle Score

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

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See the most popular apartments and homes in Urbana, MO

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Getting Around Urbana, MO

Walk Score®

10 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

39 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 Park East - The Sterling listed at $709.

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

The lowest price for a Cheap One Bedroom Urbana Apartment is $625 at Oak Place.

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 $575 at North Terrace Apartments.

What is the most affordable Urbana Three Bedroom Apartment?

The best deal on a cheap Urbana Three Bedroom Apartment rental is at Park East - The U and starts from $599.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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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.