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Rental Market Trends in Danville, IL

What is the average rent in Danville, IL?

$801/month

Average Rent

661 Sq Ft

Average Apartment Size

+3.2%

Increase in the Last Year

As of August 2025, the average rent in Danville, IL is $801 per month. This is 51% lower than the national average rent of $1,638/month, making renting in Danville more affordable than most cities in the US. When you rent an apartment in Danville, you can expect to pay about $625 per month for a studio, $801 for a one-bedroom apartment, and around $1,053 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $818 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$625/month
288 Sq Ft
One Bedroom
$801/month
661 Sq Ft
Two Bedroom
$1,053/month
913 Sq Ft
Three Bedroom
$818/month
940 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$742/month
128 Sq Ft
Three Bedroom
$871/month
0 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Danville, IL?

In the past year, rent has increased by 3.2%, which averages out to $26 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 August 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Danville, IL
Last Updated August 2025
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Danville, IL
Percentage*
Rent Range
18% Below $700/month
55% $700 - $1,000/month
9% $1,001 - $1,500/month
9% $1,501 - $2,000/month
9% Above $2,000/month

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

Because the average rent in Danville is $801, you’ll want to make about $2,670 per month or $32,040 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 Danville, IL is 21.3% lower than the national average. Generally, housing in Danville is 50.9% less expensive than the national average, with rent falling between $625 - $1,053. You can expect to pay 8.7% less for groceries, 9.7% less for utilities, and 13.0% less for transportation.

City

Danville, IL

106 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Danville, 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 Danville, IL

Apartment Averages

Apartment communities in Danville we think you'll love

Brunswick Apartments

Brunswick Apartments

3205 Brunswick St,
Danville, IL 61832

Studio - 2 Beds | $625 - $999

The Grove

The Grove

1610 Edgewood Dr,
Danville, IL 61832

1-3 Beds | $726 - $983

Townway Place

Townway Place

2730 Townway Rd,
Danville, IL 61832

1-2 Beds | $825 - $1,050

Vermilion House Apartments

Vermilion House Apartments

3535 N Vermilion St,
Danville, IL 61832

1 Bed | Call for Rent

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United States Illinois Danville 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