Bike sharing is a system for sharing bicycles on a short-term basis. On the Urbana campus bike sharing includes both hourly and semester-long rentals, departmentally-owned bikes for employees, and bicycles available to specific student groups. The University, in collaboration with the cities of Champaign and Urbana, also offers short-term Dockless Bike Share through VeoRide (started in September 2018) to the students, faculty, staff, and visitors. Another Dockless Bike Share company, Gotcha Mobility, has applied to bring more bikes to the campus and community.

The effort to bring bike sharing to campus began in 2007 with the Multi-Modal Transportation Study, and the creation of a Transportation Demand Management Coordinator position at Facilities & Services.  Since that time, several options have been explored, piloted, and institutionalized.