Background Image

Savoy, IL Area Guide

Avg Rent

$1,169

Population

9,155

Renter Mix

44% Rent

Quick access to one of the state’s greatest college towns

Commuter Rural Laidback

Savoy is a small but steadily growing village in Champaign County, Illinois, offering a quieter, more residential pace while keeping the energy of the Champaign-Urbana metro well within reach. Sitting just about six minutes south of the University of Illinois Urbana-Champaign campus, the village draws a range of residents who want space and calm without sacrificing access to a thriving college town. The University of Illinois is the region's dominant economic engine, and its proximity shapes much of daily life here, from employment to culture. Parkland College is also accessible within a short drive, adding another layer of educational opportunity to the area.

Savoy's housing stock reflects its suburban character, with a mix of apartment communities and single-family homes spread across roughly four square miles. Renters will find well-sized units compared to neighboring Champaign and Urbana, with options ranging from one-bedroom apartments to spacious multi-bedroom layouts suited to a variety of needs. The village carries a piece of notable history as well: in 1857, Mathias Dunlap opened his home as a stop on the Underground Railroad, a legacy now tied to what is today Burwash Park. Rents here come in well below the Illinois state average, and the broader metro's cost of living tracks slightly below the national average, making Savoy a grounded, practical choice in central Illinois.

Demographics

Median Household Income

$92,692

Average: $114,216

Education

3,958

Residents Have a Degree

Job Market

4,019

Workers Employed

Age Distribution
Get a sense of this area's population profile.

Median Age

39 Years

Largest Age Group

20-29 Years

Approximately 15% of Residents

Under 20

24%

Over 65

20%

Housing Distribution

Savoy has more homeowners than renters.

Renters
44%
Non-Renters
56%

Education Distribution

Review this city's overall education levels.

Bachelor's or Higher
42%
Other Education
58%

Rent Trends

As of September 2026, the average apartment rent in Savoy, IL is $1,169 for one bedroom, $1,443 for two bedrooms, and $1,556 for three bedrooms. Apartment rent in Savoy has increased by 2.6% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$1,169/month
693 Sq Ft
See Rental Market Trends in Savoy, IL

Learn More About Savoy

Getting Around

Fairly Walkable

Walkability

40 / 100

Limited Public Transit

Transit

30 / 100

Exceptionally Drivable

Drivability

100 / 100

Fairly Bikeable

Bikeability

40 / 100

Schools

Carrie Busey Elementary School

Public

Grades K-5

443 Students

Points of Interest

Parks and Recreation

  • University of Illinois Arboretum
  • Meadowbrook Park and Interpretive Center
  • Orpheum Children's Science Museum
  • Anita Purves Nature Center
  • Staerkel Planetarium

Airports

  • University of Illinois/Willard

Top Apartments in Savoy

Houses for Rent in Savoy

Living in Savoy

History

-

Savoy takes its name from Princess Maria Clotilde of Savoy, who reportedly passed through the area in 1861, according to local legend. Nearly a century later, the village was officially incorporated on April 10, 1956, marking its formal beginning as a distinct community within the Champaign-Urbana metro. One of the most meaningful historical connections in Savoy centers on Burwash Park, which now occupies land where Mathias Dunlap once operated a depot on the Underground Railroad in 1857. The Dunlap name carries weight in the village's history, as Henry M. Dunlap, a farmer and Illinois state legislator, also called Savoy home. That history gives today's park a quiet but significant place in the community, worth knowing about for anyone newly arrived and exploring local green spaces.

Restaurants

-

Savoy's own commercial corridors offer everyday dining convenience, and residents are just minutes from the robust restaurant scene that defines the broader Champaign-Urbana metro. The area's culinary landscape reflects the influence of a major research university, meaning diners can explore a wide range of options including American comfort food, wood-fired pizza, farm-to-table fare, and cuisines ranging from Japanese and Korean to Indian, Mediterranean, and Latin American. Whether you're grabbing a quick bite near the shopping centers along Dunlap Avenue or heading into Champaign for a full night out, satisfying meals are always close at hand.

Transportation

-

Savoy is a car-oriented suburb where most residents rely on personal vehicles to get around. The Champaign-Urbana metro area connects to three Interstate highways, including I-57, I-72, and I-74, making regional travel straightforward. The Champaign-Urbana Mass Transit District provides bus service throughout the metro, offering an alternative to driving. University of Illinois Willard Airport sits just under four miles away on the southern edge of the village, and the Champaign-Urbana Amtrak station is roughly ten minutes north, providing rail access to Chicago and other cities along the corridor.

Parks

-

Savoy's own Burwash Park carries a notable place in history as the site of Mathias Dunlap's home, which served as an Underground Railroad depot in 1857, making it a meaningful green space with deep community roots. Just minutes away, Meadowbrook Park and Interpretive Center in Urbana offers paved trails, natural prairie landscapes, and public art installations ideal for walking and cycling. The University of Illinois Arboretum, about nine minutes from Savoy, provides a peaceful setting with diverse tree collections and open lawns. The Anita Purves Nature Center rounds out the area's outdoor options with nature programming and access to scenic Busey Woods.

Cost

-

Rents in Savoy run higher than in neighboring Champaign and Urbana, reflecting the village's newer housing stock and more suburban character. One-bedroom apartments average $1,200 per month, two-bedrooms average $1,430, and three-bedrooms average $1,491 - all well below the Illinois statewide average of $1,736 for a one-bedroom. The broader Champaign-Urbana metro sits slightly below the national average for overall cost of living, with housing costs notably under the national baseline. Utilities run modestly above the national average, while groceries, transportation, and healthcare are near or below it.

Shopping

-

Savoy keeps everyday shopping close at hand, with a neighborhood retail center just under a mile away on South Dunlap Avenue offering convenient options for daily needs. Several local shopping centers are reachable within minutes, expanding the range of retail, dining, and service options available to residents. For a broader shopping experience, the Champaign-Urbana metro area is just a short drive north, bringing access to the full range of retail corridors and centers that serve the region. The combination of local convenience and nearby metro retail makes Savoy a practical base for shoppers who prefer a quieter home base without losing access to city centers and shopping districts.

Highlights

-

Savoy is a laidback suburban village just six minutes south of the University of Illinois Urbana-Champaign, offering well-sized apartments at rents well below the Illinois state average. With Willard Airport on the southern edge of town, Amtrak service ten minutes away, and quick access to Champaign's dining and entertainment, Savoy balances a quiet residential setting with strong everyday convenience.

Search Nearby Rentals

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.