Rent in Urbana, IL
Across Urbana's 3 ZIP codes, a 2-bedroom typically rents for about $1,042 a month, with figures from $1,000–$1,173. The highest typical rent is in 61803 ($1,173) and the lowest in 61801 ($1,000). 2 ZIPs have ZIP-level figures from HUD or Census; the other 1 uses the county Fair Market Rent. Owner-occupied homes in Champaign County pay about 2.06% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $983 | $875–$983 | 3 |
| 1 bed | $907 | $837–$996 | 3 |
| 2 beds | $1,042 | $1,000–$1,173 | 3 |
| 3 beds | $1,276 | $1,265–$1,474 | 3 |
| 4 beds | $1,542 | $960–$1,542 | 3 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Urbana ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Urbana, IL?
- About $1,042 a month: the median of the typical rents in 3 ZIP codes, which range from $1,000–$1,173. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Urbana, IL?
- About $907 a month: the median of the typical rents in 3 ZIP codes, which range from $837–$996. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Urbana, IL?
- About $1,276 a month: the median of the typical rents in 3 ZIP codes, which range from $1,265–$1,474. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Urbana, IL?
- About $983 a month: the median of the typical rents in 3 ZIP codes, which range from $875–$983. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Urbana, IL?
- About $1,542 a month: the median of the typical rents in 3 ZIP codes, which range from $960–$1,542. Figures are gross rent (rent plus tenant-paid utilities).
- Which Urbana ZIP code has the highest rent?
- For a 2-bedroom, 61803 has the highest typical rent at $1,173 a month, and 61801 the lowest at $1,000.
- What is the property tax rate in Urbana, IL?
- Owner-occupied homes in Champaign County pay a typical 2.06% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Urbana rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).