Median Age
39 Years
Largest Age Group
20-29 Years
Approximately 15% of Residents
Under 20
24%
Over 65
20%
Avg Rent
$1,169
Population
9,155
Renter Mix
44% Rent
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.
Median Household Income
$92,692
Average: $114,216
Education
3,958
Residents Have a Degree
Job Market
4,019
Workers Employed
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.
Education Distribution
Review this city's overall education levels.
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.
Explore how walkable, bikeable, drivable, and transit-friendly Savoy, IL is for everyday living.
Fairly Walkable
Walkability
Limited Public Transit
Transit
Exceptionally Drivable
Drivability
Fairly Bikeable
Bikeability
Carrie Busey Elementary School
Public
Grades K-5
443 Students
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
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© 2026. All rights reserved.
† 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.