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Rental market trends in Champaign, IL

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Average Rent in Champaign, IL

Average Rent in Champaign, IL

Avg. RentAnnual Change
Studio - $847+9%
1 Bed - $1,010+11%
2 Beds - $1,290+1%
Last updated 6/14/2024

Average Apartment Cost in Champaign, IL

The average rent for apartments in Champaign, IL, is between $847 and $1,290 in 2024. For a studio apartment in Champaign, IL, the average rent is $847. When it comes to 1-bedroom apartments, the average rent in Champaign, IL, is $1,010. For a 2-bedroom apartment, the average rent is $1,290.

Apartment Rent Ranges in Champaign, IL

Apartment PricesProportion
9%
23%
42%
14%
14%

Neighborhood Apartment Rent Trends in Champaign, IL

Neighborhood1 Bed Avg RentAnnual Change
Downtown$975+4%
Lynn Street$825--
Garden Hills$712+9%
Dobbins Downs$670--
Parkland Ridge$600--
Neighborhood2 Beds Avg RentAnnual Change
Lynn Street$1,075--
Garden Hills$880+11%
Downtown$862-33%

How Other Cities Compare to Champaign, IL

CityStudio Avg RentAnnual Change
Bloomington$2,1890%
Urbana$865+53%
Charleston$610--
City1 Bed Avg RentAnnual Change
Bloomington$925+4%
Rantoul$737-3%
Urbana$700+2%
Danville$700+2%
Charleston$550+5%
Mattoon$3220%
Mount Zion$285--
City2 Beds Avg RentAnnual Change
Savoy$1,200--
Bloomington$1,100+7%
Charleston$885+40%
Mattoon$885+145%
Urbana$850-1%
Decatur$850--
Danville$800+2%
Rantoul$647-3%
Normal$6200%

Champaign, IL Rent Trends

Studio1 Bed2 Beds
Jun 2023Jul 2023Aug 2023Sep 2023Oct 2023Nov 2023Dec 2023Jan 2024Feb 2024Mar 2024Apr 2024May 2024Jun 2024
$776$775$784$900$900$900$900$900$882$864$847$847$847
$919$880$1010$967$967$1062$1062$1087$1107$1049$1030$1010$1010
$1232$1238$1240$1342$1323$1405$1405$1470$1437$1290$1266$1290$1290
$1397$1397$1397$1404$1401$1401$1401$1401$1410$1369$1367$1367$1367

Neighborhood Information for Champaign, IL

What are the most affordable neighborhoods in Champaign, IL?

The most affordable neighborhoods in Champaign are Parkland Ridge, where the average 1-bedroom apartment rent goes for $600, Dobbins Downs, where renters pay $670 on average for a 1-bedroom apartment, and Garden Hills, where the average 1-bedroom apartment rent goes for $712. If you're looking for other great deals, check out the listings in Lynn Street ($825 for a 1-bedroom apartment) or Downtown ($975 for a 1-bedroom apartment), compared to the $1,010 average for a Champaign 1-bedroom apartment.

What are the most expensive neighborhoods in Champaign, IL?

The most affordable neighborhoods in Champaign are Downtown, where the average 1-bedroom apartment rent goes for $975, Lynn Street, where renters pay $825 on average for a 1-bedroom apartment, and Garden Hills, where the average 1-bedroom apartment rent goes for $712. If you're looking for other great deals, check out the listings in Dobbins Downs ($670 for a 1-bedroom apartment) or Parkland Ridge ($600 for a 1-bedroom apartment), compared to the $1,010 average for a Champaign 1-bedroom apartment.

What are the most popular neighborhoods in Champaign, IL?

The most popular neighborhoods in Champaign are Lynn Street, where the average 1-bedroom apartment rent goes for $825, Downtown, where renters pay $975 on average for a 1-bedroom apartment, and Garden Hills, where the average 1-bedroom apartment rent goes for $712. If you're looking for other popular neighborhoods, check out the listings in Parkland Ridge ($600 for a 1-bedroom apartment) or Dobbins Downs ($670 for a 1-bedroom apartment), compared to the $1,010 average for a Champaign 1-bedroom apartment.

Nearby Listings

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