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Apartments Under $500 in Urbana, IL

1 - 23 of 23 Results
4
$485
705MAI
705 W. Main Urbana, IL
4 BR | Aug. 20, 2026
Contact
Student
Air Conditioning
Surface Parking
Storage
Disability Access
17
$450 - 499
1105MA
1105 W Main St Urbana, IL
2 - 3 BR | Available Now
Contact
Heat Included
Furnished
Student
Surface Parking
Storage
21
$379 - 399
809 W Springfield
Urbana, IL
4 BR | Aug. 17, 2026
Contact
Furnished
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Storage
2
$449 - 489
809 W Stoughton
Urbana, IL
4 BR | Aug. 17, 2026
Contact
Furnished
Dog Friendly
Cat Friendly
Storage
Disability Access
3
$419 - 449
104 N Lincoln
104 N Lincoln Ave Urbana, IL
3 - 4 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Storage
2
$370
506 W Elm
Urbana, IL
3 BR | Aug. 17, 2026
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Storage
Dishwasher
15
$450
U Of I Student Housing
Deal
606 W. Ohio St. Urbana, IL
8+ BR | Available Now
Contact
Heat Included
Furnished
Student
House
Air Conditioning
5
$402 - 472
PER
BED
106 N Busey
3.0
Urbana, IL
4 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Student
House
6
3D Tour
$275 - 430
PER
ROOM
104 N Lincoln / 809 W Stoughton
Urbana, IL
3 - 4 BR | Available Now
Contact
Furnished
Student
Virtual Tour
Air Conditioning
In Unit Laundry
14
$475 - 490
PER
ROOM
1012 W. Clark
Urbana, IL
2 BR | Available Now
Contact
Furnished
Student
Air Conditioning
Covered Parking
Balcony/Deck/Patio
34
$390 - 415
PER
ROOM
609 W. Main
609 W Main Urbana, IL
2 BR | Available Now
Contact
Furnished
Student
Townhome
Covered Parking
Balcony/Deck/Patio
11
$490
PER
ROOM
1008 W. Main
5.0
1008 W. Main St. Urbana, IL
2 BR | Available Now
Contact
Furnished
Student
Air Conditioning
Covered Parking
Surface Parking
8
$485 - 490
PER
ROOM
1009 W. Clark
Urbana, IL
2 BR | Available Now
Contact
Furnished
Student
Air Conditioning
Covered Parking
Balcony/Deck/Patio
8
$499
PER
ROOM
612 W Elm St
Urbana, IL
4 BR | Available Now
Contact
Furnished
Student
House
Air Conditioning
In Unit Laundry
4
$425 - 562
PER
ROOM
401 W Springfield
Urbana, IL
4 BR | Available Now
Contact
Furnished
Virtual Tour
Air Conditioning
In Unit Laundry
Dishwasher
16
3D Tour
$285 - 437
PER
ROOM
Urbana Commons
2.4
105 N Busey / 809-813 W Springfield Urbana, IL
2 - 4 BR | Available Now
Contact
Furnished
Student
Virtual Tour
Air Conditioning
Balcony/Deck/Patio
8
$424
PER
ROOM
702/704 W. Elm St.
4.3
Urbana, IL
2 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Student
Dishwasher
5
$293 - 440
PER
ROOM
506 W Elm
Urbana, IL
2 - 3 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Student
Virtual Tour
5
3D Tour
$236 - 590
PER ROOM
& UNIT
1009 W Stoughton
Urbana, IL
Studio - 4 BR | Available Now
Contact
Student
Virtual Tour
Air Conditioning
12
$487
PER
ROOM
606.5 W Elm St
5.0
Urbana, IL
4 BR | Available Now
Contact
Furnished
Student
Air Conditioning
Balcony/Deck/Patio
Disability Access
6
3D Tour
$483 - 677
PER
ROOM
1010 W Stoughton
3.0
Urbana, IL
2 - 3 BR | Available Now
Contact
Furnished
Student
Virtual Tour
Covered Parking
In Unit Laundry
1
3D Tour
$500
Stoughton Place
Deal
4.0
704 Stoughton Urbana, IL
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
1
3D Tour
$362 - 595
PER
ROOM
905-907 W Oregon
Urbana, IL
2 - 4 BR | Available Now
Contact
Furnished
Student
Virtual Tour
Air Conditioning
Covered Parking
1 - 23 of 23 Results
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  2. Champaign, IL Area Apartments
  3. Urbana
  4. Apartments Under $500
Frequently Asked Questions

How many apartments under $500 are available in Urbana, IL on Rentable.co?

There are 23 apartments under $500 in Urbana currently available for rent on Rentable.co.

How many studio apartments under $500 are available in Urbana?

Rentable.co has 7 studio apartments under $500 available for rent in Urbana.

How many one-bedroom apartments under $500 are available in Urbana?

Rentable.co has 22 one-bedroom apartments under $500 available for rent in Urbana.

How many two-bedroom apartments under $500 are available in Urbana?

Rentable.co has 35 two-bedroom apartments under $500 available for rent in Urbana.

Can I afford a apartment under $500 in Urbana, IL?

To comfortably afford a apartment under $500 in Urbana based on average rent prices, a household would need an annual income of $18,000.

Apartments Under $500 in Urbana, IL: February Rental Information

Welcome to the February 2026 Urbana Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the February 2026 key findings and figures for the Urbana rental landscape.

Our experts analyze the inventory trends for apartments under $500 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Urbana and surrounding areas. This summary also provides an insight into available features and amenities, as well as location options for apartments under $500 in Urbana. Whether you're a student looking for affordable housing near the University of Illinois at Urbana-Champaign or a budget-conscious renter searching for a great deal, this report will help you navigate the local rental market and find the perfect apartment within your budget.
0 2 5 7 10 <$600 $620 $660 $700 $740 $780 $820 $860 $900 $940 $980 $1,020 $1,060 $1,100 $1,140 $1,180 $1,220 $1,260 >$1,300
This month, the typical cost to rent a one-bedroom apartment in Urbana stands at $850, with the majority falling between $570 and $1,300. Out of the 203 one-bedroom apartments currently on the market in Urbana, 16 are priced below $500, accounting for 8% of the total available one-bedroom units in Urbana.

Looking for Apartments Under $500 in Urbana?

Available apartments under $500 147
Top amenities Dishwasher, Furnished, On Site Laundry, Refrigerator, Student
Deals 2
Pet friendly 14
Utilities included 14
Furnished 32
2 Bedroom 13
3 Bedroom 8
4 Bedroom 15
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