$2,000 Per Month
- 4 Beds
- 2 Baths
- 1,761 Sq Ft
- House for Rent
1306 E Green St, Urbana, IL 61802
1306 E Green St, Urbana, IL 61802
Frequently Asked Questions
How much does it cost to rent a home in Urbana, IL?
The median rent for a home in Urbana, IL is $1,495 per month, though prices vary by neighborhood, size, and property type. As of September 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Urbana, IL?
To comfortably afford the median rent in Urbana, IL, a household needs to earn roughly $59,800 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,495 per month in Urbana, IL, renters typically need to show $4,485 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Urbana, IL?
In Urbana, IL, the price-to-rent ratio is 12.5, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Urbana, IL are best for renting a home?
The best neighborhood for renting in Urbana, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include West Haven, Historic East Urbana, Fairlawn Park, East Urbana and Crystal Lake, each with its own character and price range.
