Apartments in Midtown Champaign

Champaign:
January Rent Report

Welcome to the January 2025 Champaign Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the January 2025 key findings and figures for the Champaign rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Champaign and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Champaign average rent prices in the chart below.

January Prices: Champaign vs. Surrounding Areas

Rent Prices in Champaign and Surrounding Areas

Rent prices have increased in Champaign over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 2 of the Champaign suburbs increased last month. On the other hand, 1 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

• Rent increased in Urbana, IL, Rantoul, IL .

• Rent decreased in Savoy, IL.

• 3 suburbs are currently priced lower than the city of Champaign.

Data set for Champaign and suburbs

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.