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Rental Market Trends in Decatur, IL

What is the average rent in Decatur, IL?

$707/month

Average Rent

630 Sq Ft

Average Apartment Size

+2.8%

Increase in the Last Year

As of April 2026, the average rent in Decatur, IL is $707 per month. This is 57% lower than the national average rent of $1,641/month, making renting in Decatur more affordable than most cities in the US. When you rent an apartment in Decatur, you can expect to pay about $557 per month for a studio, $707 for a one-bedroom apartment, and around $890 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,128 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$557/month
436 Sq Ft
One Bedroom
$707/month
630 Sq Ft
Two Bedroom
$890/month
908 Sq Ft
Three Bedroom
$1,128/month
1,246 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$911/month
499 Sq Ft
Three Bedroom
$1,134/month
898 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 Decatur, IL?

In the past year, rent has increased by 2.8%, which averages out to $20 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 April 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Decatur, IL
Last Updated April 2026
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Decatur, IL
Percentage*
Rent Range
20% Below $700/month
75% $700 - $1,000/month
5% $1,001 - $1,500/month
0% $1,501 - $2,000/month
0% Above $2,000/month

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

Because the average rent in Decatur is $707, you’ll want to make about $2,356 per month or $28,272 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 Decatur, IL is 20.1% lower than the national average. Generally, housing in Decatur is 49.6% less expensive than the national average, with rent falling between $557 - $1,128. You can expect to pay 1.5% less for groceries, 4.9% more for utilities, and 4.8% less for transportation.

City

Decatur, IL

174 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Decatur, 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 Decatur, IL

Apartment Averages

Apartment communities in Decatur we think you'll love

Woodcrest Apartment Homes

Woodcrest Apartment Homes

3903 Camelot Circle,
Decatur, IL 62526

$647 - $1,100

Studio - 2 Beds

Prairie Hills

Prairie Hills

300 W Mound Rd,
Decatur, IL 62526

$925

2 Beds

Decatur Flats Apartments

Decatur Flats Apartments

552 S Church St,
Decatur, IL 62522

$1,199 - $1,299

3 Beds

RESERVE AT LAKEVIEW

RESERVE AT LAKEVIEW

1035 S Main St,
Decatur, IL 62521

$421 - $1,170

1-2 Beds

Property Management Companies in Decatur, IL

Fairlawn Real Estate
Fairlawn Real Estate
  • 20

    Communities

  • 3,316

    Units

  • 11

    Cities

3 Communities in Decatur
Monarch Investment and Management Group
Monarch Investment and Management Group
  • 320

    Communities

  • 78,002

    Units

  • 146

    Cities

2 Communities in Decatur
Ludwig and Company
Ludwig and Company
  • 28

    Communities

  • 3,546

    Units

  • 23

    Cities

2 Communities in Decatur
PRE/3
PRE/3
  • 184

    Communities

  • 14,199

    Units

  • 118

    Cities

1 Community in Decatur

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United States Illinois Decatur 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 February 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.

* Percentages may not total 100 due to rounding.

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© 2026 CoStar Group, Inc.

Equal Housing Opportunity