Rentometer, Inc. | Data as of 10/23/2025
Urbana’s rental market offers a vibrant mix of apartments and single‑family homes that cater to students, young professionals, and families alike. Studio apartments and one‑bedroom units tend to sit in the $900s, providing affordable options close to the University of Illinois campus and downtown amenities. Larger living spaces, such as two‑ and three‑bedroom apartments, generally fall within the $1,100 to $1,300 range, while four‑plus bedroom units are priced in the $1,000s, reflecting the flexibility of shared or extended‑family arrangements. Standalone houses follow a similar pattern, with one‑bedroom homes also in the $900s, two‑bedroom houses moving into the $1,200 range, and spacious three‑ and four‑plus bedroom homes ranging from the $1,800s up to the $2,500s, offering ample room for growing families or roommate groups.
The city’s distinct neighborhoods each contribute their own charm to the rental experience. Downtown Urbana features walkable streets lined with boutique shops, cafés, and historic landmarks like the Urbana Free Library, making it an attractive hub for those seeking a lively urban vibe. The Meadowbrook and East Campus areas provide quieter, tree‑lined streets with easy access to parks and the university’s research facilities, ideal for students and faculty. Meanwhile, the Midtown corridor blends residential comfort with proximity to cultural attractions such as the Krannert Center for the Performing Arts and the Urbana Market. With its blend of affordable housing options, convenient transportation, and a thriving community atmosphere, Urbana remains a top choice for renters seeking both convenience and quality of life in central Illinois.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $993 | $923 | $650 - $1,359 | $787 - $1,319 |
| Apartment | 1 Bedroom | $949 | $899 | $455 - $1,714 | $775 - $1,025 |
| Apartment | 2 Bedroom | $1,126 | $1,085 | $639 - $1,775 | $945 - $1,295 |
| Apartment | 3 Bedroom | $1,200 | $1,200 | $625 - $1,730 | $875 - $1,500 |
| Apartment | 4+ Bedroom | $989 | $864 | $435 - $1,990 | $600 - $1,410 |
| House | 1 Bedroom | $949 | $812 | $600 - $1,629 | $700 - $1,100 |
| House | 2 Bedroom | $1,264 | $1,200 | $720 - $2,650 | $1,050 - $1,450 |
| House | 3 Bedroom | $1,806 | $1,700 | $965 - $3,400 | $1,450 - $2,000 |
| House | 4+ Bedroom | $2,660 | $2,500 | $1,550 - $4,900 | $1,900 - $3,300 |
In the current period, the average rent in Urbana was $994 for Studio, $950 for 1 Bedroom, $1,197 for 2 Bedroom, $1,695 for 3 Bedroom, and $2,111 for 4+ Bedroom.
Data provided by Rentometer, Inc.