Apartments for Rent in Urbana, IL

Prices and availability in Urbana, IL were last updated on 24 Aug 2026.

The best apartments in Urbana, IL are: Parkside, Stone Ridge Square, Edge of Mall Apartments and 710 S Maple St.

The average rent in Urbana, IL is $1,304.

The price range for a studio apartment in Urbana, IL is between $1,080 and $1,473.

The price range for a 2-bedroom apartment in Urbana, IL is between $1,080 and $1,288.

The price range for a 3-bedroom apartment in Urbana, IL is between $1,473 and $1,875.

In Urbana, 63% of the residents are renting compared to 37% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 17% of Urbana's rentals, 71% are small-scale complexes with under 50 units, and 12% are single-family rentals.

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 36 years old, on average. Of these, 36% 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 86% of the rental communities here are low-rise, garden-style communities, 16% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

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 27% 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.