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Rental Market Trends in Champaign, IL

What is the average rent in Champaign, IL?

$1,038/month

Average Rent

647 Sq Ft

Average Apartment Size

+4.7%

Increase in the Last Year

As of July 2025, the average rent in Champaign, IL is $1,038 per month. This is 37% lower than the national average rent of $1,637/month, making renting in Champaign more affordable than most cities in the US. When you rent an apartment in Champaign, you can expect to pay about $839 per month for a studio, $1,038 for a one-bedroom apartment, and around $1,207 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,481 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$839/month
376 Sq Ft
One Bedroom
$1,038/month
647 Sq Ft
Two Bedroom
$1,207/month
959 Sq Ft
Three Bedroom
$1,481/month
1,150 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,344/month
772 Sq Ft
Three Bedroom
$1,677/month
1,149 Sq Ft
Four Bedroom
$2,850/month
1,878 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,204/month
468 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,315/month
678 Sq Ft
Three Bedroom
$1,775/month
1,380 Sq Ft

How much has average rent changed in Champaign, IL?

In the past year, rent has increased by 4.7%, which averages out to $49 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated July 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Champaign, IL
Last Updated July 2025
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Champaign, IL
Percentage*
Rent Range
10% Below $700/month
29% $700 - $1,000/month
39% $1,001 - $1,500/month
12% $1,501 - $2,000/month
10% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Champaign?

Based on current rent prices, Urbana-Champaign, Downtown Champaign and Midtown Champaign are the most affordable neighborhoods in Champaign.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Urbana-Champaign
$1,218/month
670 Sq Ft
Downtown Champaign
$1,415/month
677 Sq Ft
Midtown Champaign
$1,556/month
628 Sq Ft
Campustown IL
$1,725/month
596 Sq Ft

What are the most expensive neighborhoods in Champaign?

Based on current rent prices, Campustown IL, Midtown Champaign and Downtown Champaign are the most expensive neighborhoods in Champaign.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Campustown IL
$1,725/month
596 Sq Ft
Midtown Champaign
$1,556/month
628 Sq Ft
Downtown Champaign
$1,415/month
677 Sq Ft
Urbana-Champaign
$1,218/month
670 Sq Ft

Which Champaign neighborhoods have the most rentals available?

The neighborhoods in Champaign with the most apartments available are Urbana-Champaign, Downtown Champaign and Midtown Champaign .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Urbana-Champaign
$1,218/month
670 Sq Ft
Downtown Champaign
$1,415/month
677 Sq Ft
Midtown Champaign
$1,556/month
628 Sq Ft
Campustown IL
$1,725/month
596 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Champaign, IL?

Because the average rent in Champaign is $1,038, you’ll want to make about $3,460 per month or $41,520 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

Cost of Living

The cost of living in Champaign, IL is 5.2% lower than the national average. Generally, housing in Champaign is 17.3% less expensive than the national average, with rent falling between $839 - $1,481. You can expect to pay 2.4% less for groceries, 5.9% more for utilities, and 1.5% less for transportation.

City

Champaign, IL

844 Available Apartments for Rent

Search for Nearby Apartments

How does Champaign, IL compare to other nearby cities and neighborhoods?

Use the tool below to compare Champaign, IL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Champaign, IL

Apartment Averages

Urbana-Champaign

Champaign, IL

Campustown IL

Champaign, IL

Studio
-
$1,222/month
One Bedroom
-
$1,064/month
Two Bedroom
-
$1,599/month
Three Bedroom
-
$2,378/month
Search
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Nearby City Rent Trends

  • Savoy Average Rent
  • Urbana Average Rent
  • Rantoul Average Rent

Apartment communities in Champaign we think you'll love

Legacy 202

Legacy 202

202 E Daniel St,
Champaign, IL 61820

2-4 Beds | $900 - $1,295

Lancaster Apartments

Lancaster Apartments

112 E Chalmers St,
Champaign, IL 61820

3-4 Beds | $795

Copper View Apartments

Copper View Apartments

2002 W Bradley Ave,
Champaign, IL 61821

1-3 Beds | $1,244 - $1,494

Maywood Apartments

Maywood Apartments

51 E John St,
Champaign, IL 61820

2-4 Beds | $875 - $929

Property Management Companies in Champaign, IL

JSJ Property Management Inc
JSJ Property Management Inc
  • 21

    Communities

  • 472

    Units

  • 3

    Cities

19 Communities in Champaign
Fairlawn Real Estate
Fairlawn Real Estate
  • 21

    Communities

  • 3,389

    Units

  • 9

    Cities

7 Communities in Champaign
Regency Properties
Regency Properties
  • 12

    Communities

  • 4,133

    Units

  • 5

    Cities

3 Communities in Champaign
Cardinal Group Management and Advisory, LLC
Cardinal Group Management and Advisory, LLC
  • 153

    Communities

  • 30,841

    Units

  • 84

    Cities

2 Communities in Champaign
Aspen Square Management
Aspen Square Management
  • 64

    Communities

  • 12,676

    Units

  • 48

    Cities

2 Communities in Champaign
Everest Equities Group
Everest Equities Group
  • 33

    Communities

  • 3,022

    Units

  • 29

    Cities

2 Communities in Champaign
GMH Associates, Inc.
GMH Associates, Inc.
  • 21

    Communities

  • 5,048

    Units

  • 18

    Cities

2 Communities in Champaign
M2 Property Group
M2 Property Group
  • 14

    Communities

  • 3,803

    Units

  • 8

    Cities

2 Communities in Champaign

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United States Illinois Champaign Rental Trends

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 June 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity