Hey, sorry to put a little ad in here, I just thought I'd mention it since most of you seem to be talking apartments. I'm currently a senior at UIUC (and I grew up in Champaign-Urbana). My family owns an apartment off campus that we're looking to rent, less than a 10 minute walk to the engineering campus, or a 5 minute bus ride(two different bus lines). Its a 3 bedroom condo/townhouse with 2 bathrooms. Its on the corner of Busey and Springfield in Urbana (if you feel like looking it up on google maps).
Here is a link to the craigslist ad: http://chambana.craigslist.org/apa/2311442806.html
If you might be interested in the apartment, or if you have any questions about UIUC and the surrounding area in general, send me a PM!