The average monthly rent of apartments in Urbana, IL is $1,213.
About 25% of apartment rents in Urbana, IL range between $1,001-$1,500. Meanwhile, apartments priced over $1,501-$2,000 represent 15% of apartments. Around 35% of Urbana’s apartments are in the $701-$1,000 price range. 16% of apartments are priced between $501-$700.
Compared to the national average rent of $1,718, the average rent in Urbana, IL is $1,213.
Prices and availability in Urbana, IL were last updated on 25 Apr 2022.
The best apartment in Urbana, IL is: Illinois Street Residence Halls.
In Urbana 67% of the housing is rented out compared to 33% of homes are owned, according to the most recent Census Bureau estimates. 14% of Urbana’s apartments are found in large buildings of 50 units or more, 71% are located in smaller apartment complexes with less than 50 units, and 15% are single-family rentals.
The average age of rental buildings in Urbana is 33 years old, with 35% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 4 stories, of which 87% are garden-style apartment communities, 15% are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.
Rental apartments in Urbana come in a range of sizes and floorplans. Studio apartments represent 2% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 26% of the total apartments in the city, while 2-bedroom floorplans represent around 52% of all rentals in Urbana. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.
Located in central Illinois, Urbana attracts renters looking to live in a small city with a close community, while also being near big-city amenities. There are also many parks and prairies with outdoor recreational activities, like hiking and biking trails; fishing ponds; and campgrounds. Additionally, businesses can benefit from multiple economic development programs, while the University of Illinois Urbana-Champaign attracts renters looking to further their education. Urbana is known to have a humid, continental climate, with more extreme temperatures than the typical Midwestern city. Specifically, summers can get hot and humid with average temperatures reaching up to 90°F, and winters are cold with temperatures of around 19°F and regular snowfall. While precipitation is evenly distributed throughout each season, thunderstorms are frequent during summer and spring.
Urbana has a diverse rental market with a mix of houses, townhomes and apartments for rent. The western parts are popular among renters due to the proximity to several major roads, shopping malls, and the university campus, while northern Urbana has family-friendly neighborhoods near schools, parks and everyday amenities. Meanwhile, those looking to rent in Urbana on a budget can look into the city's southeastern section, where rental units are apartments with one or two bedrooms with more affordable rents. Note that, when renting in Urbana, the landlord is responsible for providing and maintaining a habitable rental unit, for which they may ask one month's rent as a security deposit. Renters are also responsible for paying the utilities and rent on time or the landlord may charge a late rent fee. Additionally, terminating the rental agreement requires 30 days' notice from the party initiating the termination.
The shopping scene in Urbana is diverse and spread throughout the city, so renters will always be close to everyday necessities. For instance, the Lincoln Square Mall and Schnucks Urbana Crossing are the most popular shopping malls in Urbana hosting a selection of stores, restaurants and service providers. Or, renters looking for a more traditional shopping experience are a short drive from major cities like Springfield and Peoria and their extensive shopping opportunities. Otherwise, Aldi, Walmart, Target, Meijer and the local Schnucks Urbana stores are the main spots where renters buy groceries. Renters can also find unique food and items in the city's ethnic and deli stores, while the Downtown Urbana Farmers' Market has locally sourced fresh produce, baked goods and handmade items.
Urbana renters have several transportation options, including roads, public buses, eco-friendly transportation, ridesharing services and airports. In particular, renters relying on a vehicle can use Interstate 74; U.S. highways 45 and 150; and State Route 130, all of which pass through the city and connect it to surrounding areas. Alternatively, for individuals wishing to take public transit, the Champaign Urbana Mass Transit District (MTD) provides bus and paratransit services throughout the region. Or, for shorter distances around the city and surrounding areas, there are bicycle paths and ridesharing options, such as Uber and Lyft. Finally, for domestic flights, the University of Illinois Willard Airport is eight miles away, while Indianapolis International Airport is 123 miles from the city and provides international flights.
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