Champaign-Urbana, IL Average Rent & Rental Yield
Compare average asking rent (median), gross rental yield, home value, and transaction activity before moving into listing-level underwriting or investor discovery.
Average rent in Champaign-Urbana, IL
The median asking rent in Champaign-Urbana, IL is $1,650 as of July 2026, based on active rental listings across the metro. We report the median — the midpoint of asking rents — because it tracks the typical listing more reliably than a simple average, which luxury and outlier listings can skew.
Against an average home value of $217,383, that rent level prices Champaign-Urbana, IL at a 10.94% gross rental yield — compared with 10.24% across Illinois.
Metro vs state rental signal
The metro read is a first-pass screen. Compare it with the state baseline, then pressure-test taxes, insurance, vacancy, rehab, and financing assumptions at the property level.
Champaign-Urbana, IL rent and rental yield comparison
The current Champaign-Urbana, IL baseline is $1,650 median asking rent and 10.94% gross rental yield. Compare rent, yield, and home values with selected Illinois metros, then open a public report or Rental Insights for property-level follow-up.
Chicago-Naperville-Elgin, IL-IN
Chicago-Naperville-Elgin, IL-IN median asking rent is $2,650, $1,000 (60.6%) higher than the $1,650 median asking rent in Champaign-Urbana, IL.
- Median rent
- $2,650
- Gross yield
- 9.68%
- Avg home value
- $337,752
St. Louis, MO-IL
St. Louis, MO-IL median asking rent is $1,400, $250 (15.2%) lower than the $1,650 median asking rent in Champaign-Urbana, IL.
- Median rent
- $1,400
- Gross yield
- 11.99%
- Avg home value
- $203,274
Peoria, IL
Peoria, IL median asking rent is $1,300, $350 (21.2%) lower than the $1,650 median asking rent in Champaign-Urbana, IL.
- Median rent
- $1,300
- Gross yield
- 17.44%
- Avg home value
- $111,179
Rockford, IL
Rockford, IL median asking rent is $1,600, $50 (3%) lower than the $1,650 median asking rent in Champaign-Urbana, IL.
- Median rent
- $1,600
- Gross yield
- 13.56%
- Avg home value
- $142,781
Decatur, IL
Decatur, IL median asking rent is $1,050, $600 (36.4%) lower than the $1,650 median asking rent in Champaign-Urbana, IL.
- Median rent
- $1,050
- Gross yield
- 20.04%
- Avg home value
- $181,916
Mount Vernon, IL
Mount Vernon, IL median asking rent is $1,395, $255 (15.5%) lower than the $1,650 median asking rent in Champaign-Urbana, IL.
- Median rent
- $1,395
- Gross yield
- 15.51%
- Avg home value
- $90,913
Freeport, IL
Freeport, IL median asking rent is $1,300, $350 (21.2%) lower than the $1,650 median asking rent in Champaign-Urbana, IL.
- Median rent
- $1,300
- Gross yield
- 18.11%
- Avg home value
- $112,429
Macomb, IL
Macomb, IL median asking rent is $1,086, $564 (34.2%) lower than the $1,650 median asking rent in Champaign-Urbana, IL.
- Median rent
- $1,086
- Gross yield
- 21.57%
- Avg home value
- $185,824
Champaign-Urbana, IL rent and yield FAQ
Quick answers based on the latest Champaign-Urbana, IL rental listing and transaction data.
What is the average rent in Champaign-Urbana, IL?
As of July 2026, the median asking rent in Champaign-Urbana, IL is $1,650. SFR Analytics reports the median of active rental listings rather than a simple average so outlier luxury listings do not distort the figure.
What is a good rental yield in Champaign-Urbana, IL?
Champaign-Urbana, IL currently prices at a 10.94% gross rental yield, versus 10.24% across Illinois. Treat gross yield as a first-pass screen — it excludes taxes, insurance, vacancy, rehab, and financing, so underwrite at the property level before acting on it.
Move from Champaign-Urbana, IL market context to property-level screening
Open Rental Insights with Champaign-Urbana, IL selected, then pair the yield signal with investor activity and rental data workflows.