Homes & Apartments for Rent in Urbana, IL

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What to Know About

Life in Urbana & Beyond

Urbana shares many of the great qualities that make Illinois a desirable place to live.

Illinois is known for its rich cultural heritage, lively urban centers, and beautiful countryside landscapes. Explore the state's cultural heritage by visiting renowned museums such as the Lincoln Presidential Library and Museum, the Field Museum of Natural History, the Museum of Science and Industry, and the Art Institute of Chicago. The state also has a thriving theater and art scene, including the renowned Steppenwolf Theatre Company in Chicago. Illinois is also home to respected universities like the University of Illinois at Urbana-Champaign and Northwestern University.

Outdoor enthusiasts will love the scenic beauty of the Shawnee National Forest and the adventure-filled trails of the Starved Rock State Park. Sports fans will be in their element in Illinois, cheering on the Chicago Bears (NFL), Chicago Blackhawks (NHL), Chicago Cubs (MLB), Chicago White Sox (MLB), and Chicago Bulls (NBA). Experience famous attractions like the Willis Tower, Navy Pier, and the Lincoln Park Zoo. Also, enjoy the musicals and plays at Broadway-in-Chicago, festivals throughout the summer months, and culinary tours of the local restaurants.

With its vibrant cultural scene, exciting entertainment options, and top-notch educational opportunities, Illinois offers a high quality of life, making it a great place to live.

Rental Market Trends

Urbana, IL

As of April 2026, Urbana's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Urbana's average rent is 34.5% ($599) lower than the Illinois average of $1,736 and 36.4% ($651) lower than the U.S. average of $1,788.

Average Rent
$1,137
Monthly ChangeMonth Over Month Change
Increased0.1% ($1)
Yearly ChangeYear Over Year Change
Increased6.3% ($67)
Avg. Days on MarketAverage Days on Market
50
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $965 Increased2.3% ($22) Increased10.9% ($95)
2 Beds $1,210 Increased0.8% ($10) Increased7.9% ($89)
3 Beds $1,394 Decreased1% ($14) Increased10.6% ($134)
Nearby Cities Average Rent Avg. Rent vs. UrbanaAverage Rent vs. Urbana Avg. Days on MarketAverage Days on Market
Champaign $1,306 Increased14.9% ($169) 50 days
Savoy $1,384 Increased21.7% ($247) 49 days
Rantoul $877 Decreased22.9% ($260) 47 days
Mahomet $1,803 Increased58.6% ($666) 48 days
White Heath $754 Decreased33.7% ($383) 40 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Urbana Rental Market FAQs

Explore rental prices, market trends, and availability in Urbana, IL.

The average rent in Urbana, IL is $1,137 per month.
Homes in Urbana typically rent for between $676 and $1,812 per month, with an average of $1,137 per month.
In Urbana, the average rent for a 1-bedroom home is $965 per month, for a 2-bedroom home, $1,210 per month, and a 3-bedroom home is $1,394 per month.
The average rent in Urbana is 36.4% ($651) lower than the national average of $1,788 per month.
The average rent in Urbana has increased by 0.1% ($1) in the last month and increased by 6.3% ($67) over the past year.
The rental market in Urbana, IL, is currently stable, offering a predictable rental market where most units lease within a few weeks.
In Urbana, IL, the average rental stays on the market for approximately 50 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 108 rental properties available in Urbana, IL.
Based on the current averages, a household would need an annual income of $48,400 to comfortably afford a 2-bedroom home in Urbana.
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