Cheap Apartments for Rent in Urbana, MO from $500 (40 Rentals)

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

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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
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Urbana, MO Local Guide

Cheapest Available Urbana Apartments for Rent and Nearby

 

The cheapest available apartment rental in Urbana, MO is a 2 Beds unit found at North Terrace Apartments in the Northeast neighborhood priced from $575. Park East - The U in the Central neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $615. Here is today’s list of the most affordable Urbana apartments for rent:

Apartment ListingModel NameBed/BathPriced From
North Terrace Apartments2 x 1 Small2BR,1BA$575
Park East - The UThe Drake4BR,4BA$615
Oak Place1 bedroom1BR,1BA$625
El MadridEl Madrid StudioStudio,1BA$675
Park East - The SterlingThe Miller1BR,1BA$699
Park East - CrescoGlass2BR,2BA$705
Orchard ParkStudio AStudio,1BA$728
The Greens at SpringfieldClassic1BR,1BA$735
Silver Springs Apartments2 Bed2BR,1BA$770
Embassy ApartmentsEmbassy Apartments - Close to MSU, Downtown Spf...2BR,1BA$775

Best Value Apartments for Rent in Urbana, MO and Nearby

As of April 25, 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 3 Bedroom/3 Bath, June 1 Model at Bear Place starting at $1,500 with a $1.00 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
Bear Place3 Bedroom/3 Bath, June 13BR,3BA$1.00
Parkway Townhouses3 Bed 2 Bath3BR,2BA$1.18
Artifacts Warehouse Lofts3 Bedroom3BR,2BA$1.20
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
Silver Springs Apartments2 Bed2BR,1.5BA$0.92
North Terrace Apartments2 x 1 Small2BR,1BA$0.73
Elevate Student Living - Deep ElmD12BR,2BA$0.97

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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 El Madrid listed at $675.

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 $650.

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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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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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.

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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.

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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.