Apartments for Rent in Urbana, IL

Prices and availability in Urbana, IL were last updated on 3 Aug 2026.

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

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 $1,102 and $1,473.

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 average age of rental buildings in Urbana is 36 years old, with 36% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 4 stories, of which 86% are garden-style apartment communities, 16% are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

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.