The objective of this article was to establish the significance of parameters relevant for urban square illumination, particularly those related with the color of light. Performed using a questionnaire and with 154 architecture students as respondents, the survey showed that the 18 parameters can be divided into two groups. The first group of 13 parameters refers to the overall impression, influencing the basic and most important lighting aims like safety, security, orientation, visual comfort, and amenity, whereas the second group includes parameters related to lighting features which may negatively influence the overall impression. The four parameters directly linked to the color of light were evaluated lower than expected, indicating that architecture students were probably translating their attitude toward color in architecture to color of light, thus underestimating this lighting parameter. The survey results also showed that female respondents are more sensitive to parameters, which affect safety and security.