Urbana, IL Rental Market Trends
Last updated: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Urbana is $1,423, a 9.59% increase compared to the previous year, when the average rent was $1,299.
Studio Apartments at $861 offer the most budget-friendly option with 452 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 631 square feet for $1,012, balancing privacy and affordability.
Two-beedroom units at $1,293 offer 849 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,034 sq ft) for $1,706, suitable for larger households.
Average rent in Urbana, IL
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,423 | 854 sq. ft. |
| Studio | $861 | 452 sq. ft. |
| 1 Bed | $1,012 | 631 sq. ft. |
| 2 Beds | $1,293 | 849 sq. ft. |
| 3 Beds | $1,706 | 1,034 sq. ft. |
Urbana, IL rent trends
Rental prices in Urbana, IL have increased by 9.59% over the past year. The average rent moved from $1,299 to $1,423.
What's the typical rent budget in Urbana, IL?
The largest share of rentals in Urbana, IL (46%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Urbana, IL?
10,721 or 65% of the households in Urbana, IL are renter-occupied while 5,704 or 35% are owner-occupied.
How Urbana Compares to Other Cities
| City | Average Rent |
|---|---|
| Urbana | $1,423 |
| Chicago | $2,432 |
| Oak Park | $2,213 |
| Evanston | $2,568 |
| Rockford | $1,252 |
| Skokie | $2,128 |
| Peoria | $1,218 |
| Aurora | $1,865 |
| Naperville | $2,082 |
| Waukegan | $1,365 |
| Dekalb | $1,105 |
| Champaign | $1,688 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Urbana apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.