Legacy202
202 E Daniel St,
Champaign, IL 61820
$1,045 - $1,975
1-4 Beds
Rental Market Trends in Urbana, IL
What is the average rent in Urbana, IL?
$880/month
Average Rent
619 Sq Ft
Average Apartment Size
-0.5%
Decrease in the Last Year
As of January 2026, the average rent in Urbana, IL is $880 per month. This is 46% lower than the national average rent of $1,625/month, making renting in Urbana more affordable than most cities in the US. When you rent an apartment in Urbana, you can expect to pay about $1,171 per month for a studio, $880 for a one-bedroom apartment, and around $1,053 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,281 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Urbana, IL?
In the past year, rent has decreased by 0.5%, which averages out to $4 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated January 2026
Legend
2025
2026
Rent Ranges in Urbana, IL
Last Updated January 2026
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
20%
Below $700/month
41%
$700 - $1,000/month
30%
$1,001 - $1,500/month
5%
$1,501 - $2,000/month
4%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Urbana?
Based on current rent prices, Fairlawn Park is the most affordable neighborhood in Urbana.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Urbana?
Based on current rent prices, Fairlawn Park is the most expensive neighborhood in Urbana.
Neighborhood
Average Rent
Average Sq Ft
Which Urbana neighborhoods have the most rentals available?
The neighborhood in Urbana with the most apartments available is Fairlawn Park .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Urbana, IL?
Because the average rent in Urbana is $880, you’ll want to make about $2,933 per month or $35,196 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Urbana, IL is 2.7% lower than the national average. Generally, housing in Urbana is 10.5% less expensive than the national average, with rent falling between $880 - $1,281. You can expect to pay 2.1% less for groceries, 5.4% more for utilities, and 1.4% more for transportation.
How does Urbana, IL compare to other nearby cities and neighborhoods?
Use the tool below to compare Urbana, IL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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One Bedroom
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Two Bedroom
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Three Bedroom
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Nearby City Rent Trends
Apartment communities in Urbana we think you'll love
Property Management Companies in Urbana, IL
JSJ Property Management Inc
-
19
Communities
-
456
Units
-
3
Cities
13 Communities in Urbana
Aspen Square Management
-
62
Communities
-
12,480
Units
-
47
Cities
2 Communities in Urbana
Yugo
-
53
Communities
-
11,263
Units
-
42
Cities
2 Communities in Urbana
Everest Equities Group
-
35
Communities
-
3,259
Units
-
29
Cities
2 Communities in Urbana
GMH Associates, Inc.
-
22
Communities
-
5,283
Units
-
19
Cities
2 Communities in Urbana
Fairlawn Real Estate
-
18
Communities
-
3,158
Units
-
10
Cities
2 Communities in Urbana
M2 Property Group
-
15
Communities
-
3,721
Units
-
9
Cities
2 Communities in Urbana
Edward Rose & Sons
-
136
Communities
-
69,902
Units
-
84
Cities
1 Community in Urbana
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.
* Percentages may not total 100 due to rounding.