Average Rent in Champaign, IL

Current Versus Historical Champaign, IL Rents

Champaign rentals average $852 for a studio rental to $2,160 for a 4-bedroom rental. The median price of all currently available listings is $1,170, or roughly $2 per square feet.

For the apartment units and housing in May 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $208 (44.97%) year-over-year from $462 to $670. 1-bedroom rentals prices have decreased by $36 (-4.85%) year-over-year from $736 to $700. 2-bedroom rentals prices have decreased by $126 (-12.02%) year-over-year from $1,051 to $925. 3-bedroom rentals prices have increased by $189 (13.94%) year-over-year from $1,354 to $1,543. 4-bedroom rentals prices have increased by $770 (51.06%) year-over-year from $1,508 to $2,278. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 8.84% this month. 1-bedroom rents have gone down by 15.83% this month. 2-bedroom rents have gone down by 13.01% this month. 3-bedroom rents have gone up by 8.44% this month. 4-bedroom rents have gone up by 9.06% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$1.50	$670	$462 (44.97%)	$1,011 (-33.75%)
1 BR	$2.13	$700	$736 (-4.85%)	$735 (-4.76%)
2 BR	$1.34	$925	$1,051 (-12.02%)	$1,051 (-12.02%)
3 BR	$1.31	$1,543	$1,354 (13.94%)	$1,281 (20.43%)
4+ BR	$1.98	$2,278	$1,508 (51.06%)	$1,902 (19.73%)

Historical Rents in Champaign, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Champaign

There are a total of 1 cities nearby Champaign. The average rent in Champaign is currently $1,015 per month. Only one city nearby has an average rent lower than that. Our records show that Urbana, IL, with an average rent of $1,015, is the most affordable city nearby. In contrast, the most expensive city near Champaign, IL is Urbana, IL. Monthly rents here are on average $1,015 per month.

Let's compare Champaign, IL's rent against other top cities nearby by bedroom size. Typically, rent for studios in Champaign, IL is 20.72% more expensive than other cities nearby. One bedrooms are about 14.12% more expensive. Two bedrooms in Champaign, IL are about 20.04% more expensive. Finally, rent for three bedrooms are about 24.44% more expensive. Want more information? Check out the top 1 cities near Champaign, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Urbana, IL	$676	$876	$1,008	$1,015

Top Neighborhoods Near Champaign

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Champaign

The average rent for rentals in these counties is $1,093. That's roughly around $2 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is Cunningham, IL. It's average rent per month is $1,015. Vice versa, with an average rent of $1,170, Champaign City, IL is the most expensive county by Champaign, IL.

Typically, rent for studios in Champaign, IL is 10.36% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Champaign, IL is 7.06% more expensive than other counties nearby. Finally, rent for two bedrooms in Champaign, IL is 10.02% more expensive than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Cunningham, IL	$676	$876	$1,008	$1,015
Champaign City, IL	$852	$1,020	$1,260	$1,170

Top Zipcodes Near Champaign

There are a total of 2 zipcodes in or near Champaign, IL. The average rent for all of these zipcodes is $1,106.

The following chart includes the top 2 zipcodes in Champaign, IL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
61820, Champaign, IL	$803	$1,024	$1,325	$1,213
61801, Urbana, IL	$676	$876	$1,023	$1,000

Frequently Asked Questions - Champaign Average Rents

What is the average rent price in Champaign, IL?

The average monthly rental price for Champaign, IL apartments for rent is approximately $1,170. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Champaign, IL rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Champaign, IL.

How much is a studio apartment in Champaign, IL?

The average monthly rental price for studio apartments is $852 and an average price per square feet of $1.50. There are a total of 22 studio apartment listings currently available for rent in Champaign.

How much is a one bedroom apartment in Champaign, IL?

The average monthly rental price for one bedroom apartments is $1,020 and an average price per square feet of $2.13. There are a total of 51 one bedroom apartment listings currently available for rent in Champaign.

How much is a two bedroom apartment in Champaign, IL?

The average monthly rental price for two bedroom apartments is $1,260 and an average price per square feet of $1.34. There are a total of 65 two bedroom apartment listings currently available for rent in Champaign.

How have rent prices in Champaign, IL changed this year?

Rent prices for rentals in Champaign, IL can fluctuate yearly. Specifically, studio rental prices have changed by 0.45%, one bedroom rental prices have changed by -0.05%, two bedroom rental prices have changed by -0.12%, and three bedroom rental prices have changed by 0.14% year-over-year.

What is a reasonable rent price in Champaign, IL?

A reasonable rent price in Champaign, IL is around $936/month. You can search for these reasonably priced rental listings on RentHop.