Champaign renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Champaign is about $1,046 per month. This puts it in the 81st percentile compared to the state average cost of rent, which is $1,235. Households in Champaign have a median income of $5,382 per month so the average renter in Champaign is spending roughly 19% of their earnings on housing.
Nationally, and in Champaign, home values are the data point most closely correlated with the cost of rent. The median price of a home in Champaign is $174,873 right now, which is lower than nearby cities, meaning that rents in Champaign also tend to be lower versus these nearby cities.
Higher rent prices are common in the southern parts of Champaign while lower rent rates are often available in eastern areas.
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