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Urbana, IL rent trends

Rental prices in Urbana, IL have increased by 6.36% over the past year. The average rent moved from $1,353 to $1,439.

Check out the average rent prices in Urbana by neighborhood.

Compared to the national average rent of $1,741, the average rent in Urbana, IL is $1,439.

Average rent in Urbana, IL

$1,439/mo Urbana, IL average rental price, January 2026
Image Average Rent

The average monthly rent of apartments in Urbana, IL is $1,439.

    What's the typical rent budget in Urbana, IL?

    About 16% of apartment rents in Urbana, IL range between $1,501-$2,000. Meanwhile, apartments around $2,001-$2,500 represent 6% of apartments. Around 42% of Urbana’s apartments are in the $1,001-$1,500 price range. 27% of apartments are priced ≤ $1000. A share of 7% of apartment rentals in Urbana are in the $2,501-$3,000 range. There are 3% of apartment rentals in Urbana in the > $3,000 range.

    The largest share of rentals in Urbana, IL (42%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.

    Getting around in Urbana, IL

    48 /100
    Car-Dependent
    68 /100
    Good Transit
    61 /100
    Bikeable
    Walk Score®: 48, Transit Score®: 68, Bike Score®: 61

    Frequently asked questions

    What is the average rent in Urbana, IL?

    The average rent in Urbana, IL is $1,212.

    What type of rental buildings are in Urbana, IL?

    In Urbana, 65% of the residents are renting compared to 35% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 15% of Urbana's rentals, 71% are small-scale complexes with under 50 units, and 13% are single-family rentals.

    What do typical apartment communities look like in Urbana, IL?

    The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Urbana are about 33 years old, on average. Of these, 35% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 4 stories. About 87% of the rental communities here are low-rise, garden-style communities, 15% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

    What apartment floorplans are common in Urbana, IL?

    Rental apartments in Urbana come in a range of sizes and floorplans. Studio apartments represent 2% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 26% of the total apartments in the city, while 2-bedroom floorplans represent around 52% of all rentals in Urbana. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.

    Living in Urbana, IL

    Located in central Illinois, Urbana attracts renters looking to live in a small city with a close community, while also being near big-city amenities. There are also many parks and prairies with outdoor recreational activities, like hiking and biking trails; fishing ponds; and campgrounds. Additionally, businesses can benefit from multiple economic development programs, while the University of Illinois Urbana-Champaign attracts renters looking to further their education. Urbana is known to have a humid, continental climate, with more extreme temperatures than the typical Midwestern city. Specifically, summers can get hot and humid with average temperatures reaching up to 90°F, and winters are cold with temperatures of around 19°F and regular snowfall. While precipitation is evenly distributed throughout each season, thunderstorms are frequent during summer and spring.

    Renting in Urbana, IL

    Urbana has a diverse rental market with a mix of houses, townhomes and apartments for rent. The western parts are popular among renters due to the proximity to several major roads, shopping malls, and the university campus, while northern Urbana has family-friendly neighborhoods near schools, parks and everyday amenities. Meanwhile, those looking to rent in Urbana on a budget can look into the city's southeastern section, where rental units are apartments with one or two bedrooms with more affordable rents. Note that, when renting in Urbana, the landlord is responsible for providing and maintaining a habitable rental unit, for which they may ask one month's rent as a security deposit. Renters are also responsible for paying the utilities and rent on time or the landlord may charge a late rent fee. Additionally, terminating the rental agreement requires 30 days' notice from the party initiating the termination.

    Things for renting

    Shopping in Urbana, IL

    The shopping scene in Urbana is diverse and spread throughout the city, so renters will always be close to everyday necessities. For instance, the Lincoln Square Mall and Schnucks Urbana Crossing are the most popular shopping malls in Urbana hosting a selection of stores, restaurants and service providers. Or, renters looking for a more traditional shopping experience are a short drive from major cities like Springfield and Peoria and their extensive shopping opportunities. Otherwise, Aldi, Walmart, Target, Meijer and the local Schnucks Urbana stores are the main spots where renters buy groceries. Renters can also find unique food and items in the city's ethnic and deli stores, while the Downtown Urbana Farmers' Market has locally sourced fresh produce, baked goods and handmade items.

    Transportation in Urbana, IL

    Urbana renters have several transportation options, including roads, public buses, eco-friendly transportation, ridesharing services and airports. In particular, renters relying on a vehicle can use Interstate 74; U.S. highways 45 and 150; and State Route 130, all of which pass through the city and connect it to surrounding areas. Alternatively, for individuals wishing to take public transit, the Champaign Urbana Mass Transit District (MTD) provides bus and paratransit services throughout the region. Or, for shorter distances around the city and surrounding areas, there are bicycle paths and ridesharing options, such as Uber and Lyft. Finally, for domestic flights, the University of Illinois Willard Airport is eight miles away, while Indianapolis International Airport is 123 miles from the city and provides international flights.

    Look for apartments near me

    Are you looking to land that one apartment near you that ticks all the boxes? Now you can browse through available RentCafe apartment listings in your area, rated and reviewed by verified residents. Comparing the size, price, amenities and location of apartments for rent near you is easier than ever. Do you feel like expanding the search beyond your neighborhood and ZIP code? Browse apartments for rent in your city and state to find the best fit, wherever you are in the U.S. Somewhere out there is the perfect apartment just waiting for you.

    Whether you're looking for a studio, an apartment with one or more bedrooms, or maybe you're upgrading to a luxury apartment or need to acommodate a pet, RentCafe allows you to easily search for a rental near you based on your criteria, anywhere in the U.S. So, let's find your new home today!