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Rental Market Trends in Rantoul, IL

What is the average rent in Rantoul, IL?

$600/month

Average Rent

544 Sq Ft

Average Apartment Size

+1.5%

Increase in the Last Year

As of June 2025, the average rent in Rantoul, IL is $600 per month. This is 63% lower than the national average rent of $1,627/month, making renting in Rantoul more affordable than most cities in the US. When you rent an apartment in Rantoul, you can expect to pay about per month for a studio, $600 for a one-bedroom apartment, and around $691 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $860 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$600/month
544 Sq Ft
Two Bedroom
$691/month
857 Sq Ft
Three Bedroom
$860/month
1,188 Sq Ft
Floor Plan Type
Average Rent
Average 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 Rantoul, IL?

In the past year, rent has increased by 1.5%, which averages out to $10 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 June 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Rantoul, IL
Last Updated June 2025
Below $701
Most rental prices fall within this range
Rent Ranges in Rantoul, IL
Percentage*
Rent Range
71% Below $700/month
21% $700 - $1,000/month
7% $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 Rantoul, IL?

Because the average rent in Rantoul is $600, you’ll want to make about $2,000 per month or $24,000 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.

City

Rantoul, IL

34 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Rantoul, 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 Rantoul, IL

Apartment Averages

Nearby City Rent Trends

  • Urbana Average Rent
  • Champaign Average Rent
  • Savoy Average Rent

Apartment communities in Rantoul we think you'll love

South Pointe Commons

South Pointe Commons

200 W Frost Ave,
Rantoul, IL 61866

3-5 Beds | $842 - $1,848

Golfview Village

Golfview Village

620 Willow Pond Rd,
Rantoul, IL 61866

2-4 Beds | $795 - $1,015

Falcon Way Townhomes

Falcon Way Townhomes

909 N Maplewood Dr,
Rantoul, IL 61866

1-3 Beds | $652 - $1,611

425 E Campbell Ave

425 E Campbell Ave

425 E Campbell Ave,
Rantoul, IL 61866

2 Beds | $595

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United States Illinois Rantoul 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