Homes For Rent in Champaign, IL

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What to Know About

Life in Champaign & Beyond

Champaign shares many of the great qualities that make Illinois a desirable place to live.

Illinois is known for its rich cultural heritage, lively urban centers, and beautiful countryside landscapes. Explore the state's cultural heritage by visiting renowned museums such as the Lincoln Presidential Library and Museum, the Field Museum of Natural History, the Museum of Science and Industry, and the Art Institute of Chicago. The state also has a thriving theater and art scene, including the renowned Steppenwolf Theatre Company in Chicago. Illinois is also home to respected universities like the University of Illinois at Urbana-Champaign and Northwestern University.

Outdoor enthusiasts will love the scenic beauty of the Shawnee National Forest and the adventure-filled trails of the Starved Rock State Park. Sports fans will be in their element in Illinois, cheering on the Chicago Bears (NFL), Chicago Blackhawks (NHL), Chicago Cubs (MLB), Chicago White Sox (MLB), and Chicago Bulls (NBA). Experience famous attractions like the Willis Tower, Navy Pier, and the Lincoln Park Zoo. Also, enjoy the musicals and plays at Broadway-in-Chicago, festivals throughout the summer months, and culinary tours of the local restaurants.

With its vibrant cultural scene, exciting entertainment options, and top-notch educational opportunities, Illinois offers a high quality of life, making it a great place to live.

Rental Market Trends

Champaign, IL

As of March 2025, Champaign's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Champaign's average rent is 15.9% ($271) lower than the Illinois average of $1,706 and 19.7% ($353) lower than the U.S. average of $1,788.

Average Rent
$1,435
Monthly ChangeMonth Over Month Change
Decreased0.8% ($11)
Yearly ChangeYear Over Year Change
Increased6.1% ($83)
Avg. Days on MarketAverage Days on Market
50
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,123 Decreased1.3% ($15) Decreased1.4% ($16)
2 Beds $1,446 Decreased1.3% ($19) Increased9% ($120)
3 Beds $1,625 Decreased1.3% ($22) Decreased4.5% ($77)
Nearby Cities Average Rent Avg. Rent vs. ChampaignAverage Rent vs. Champaign Avg. Days on MarketAverage Days on Market
Urbana $1,112 Decreased22.5% ($323) 50 days
Savoy $1,359 Decreased5.3% ($76) 49 days
Mahomet $1,763 Increased22.9% ($328) 48 days
Rantoul $704 Decreased50.9% ($731) 47 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Champaign Rental Market FAQs

Explore rental prices, market trends, and availability in Champaign, IL.

The average rent in Champaign, IL is $1,435 per month.
Homes in Champaign typically rent for between $786 and $2,113 per month, with an average of $1,435 per month.
In Champaign, the average rent for a 1-bedroom home is $1,123 per month, for a 2-bedroom home, $1,446 per month, and a 3-bedroom home is $1,625 per month.
The average rent in Champaign is 19.7% ($353) lower than the national average of $1,788 per month.
The average rent in Champaign has decreased by 0.8% ($11) in the last month and increased by 6.1% ($83) over the past year.
The rental market in Champaign, IL, is currently stable, offering a predictable rental market where most units lease within a few weeks.
In Champaign, IL, the average rental stays on the market for approximately 50 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 181 rental properties available in Champaign, IL.
Based on the current averages, a household would need an annual income of $57,840 to comfortably afford a 2-bedroom home in Champaign.
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