Department of Numbers

Champaign Illinois Residential Rent and Rental Statistics

The median monthly gross residential rent in Champaign, IL (the Champaign-Urbana metro area) was $854 in 2015 according to the Census ACS survey.1 Average gross rent in Champaign was $922 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Champaign median and average rent data will be released in September of 2017.

Data is also available below for Champaign rental vacancy rates, Champaign rent as a percent of median income and the fraction of renters in Champaign.

Show dollars as: Nominal Real

Real Gross Rent in Champaign Illinois (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Illinois Median Gross Rent $936 +3.88% +7.59%
Champaign, IL Median Gross Rent $854 +9.49% +13.87%

Champaign, IL Real Gross Rent Trends

At $854, real median gross rent in Champaign was at its highest level in 2015 since the series began in 2005. At $922, real average gross rent in Champaign was at its highest level in 2015 since the series began in 2005.

Real Gross Rent in Champaign: Champaign IL Median, Champaign IL Average, Illinois Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Champaign

Date US
Median
Illinois
Median
Champaign, IL
Median
Champaign, IL
Average
2015 $959 $936 $854 $922
2014 $930 $901 $780 $834
2013 $898 $879 $770 $833
2012 $886 $870 $750 $812
2011 $887 $875 $787 $853
2010 $901 $893 $782 $849
2009 $905 $890 $826 $868
2008 $920 $905 $796 $860
2007 $874 $867 $733 $798
2006 $883 $881 $741 $807
2005 $858 $865 $777 $861

Champaign Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Champaign Illinois was 12.08% according to Census ACS data.

Rental Vacancy Rate in Champaign Illinois

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Illinois 6.21% -0.32% -0.18%
Champaign, IL 12.08% +5.14% +5.19%

Trends in Champaign, IL Rental Vacancy Rate

At 12.08%, Champaign residential rental vacancy rate in 2015 is at the highest point since 2005, the beginning of our reporting for this series.

Rental Vacancy Rate: Champaign IL, Illinois, US

Rental vacancy rate in Illinois

Historical Rental Vacancy Rate data for Champaign

Date US Illinois Champaign, IL
2015 5.85% 6.21% 12.08%
2014 6.32% 6.53% 6.94%
2013 6.49% 6.16% 8.40%
2012 6.77% 6.39% 6.89%
2011 7.40% 7.35% 5.62%
2010 8.17% 7.66% 7.18%
2009 8.43% 7.84% 6.81%
2008 7.86% 6.87% 6.80%
2007 7.87% 7.69% 7.69%
2006 7.70% 8.69% 11.69%
2005 7.74% 9.45% 6.40%

Rent as a Fraction of Income

Using median household income data for Champaign, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Champaign, median monthly gross rent as a fraction of median household income was 19.86% in 2015 according to the ACS.

Champaign Illinois Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Illinois 18.85% -0.06% -0.04%
Champaign, IL 19.86% +0.29% +1.02%

Trends in Champaign, IL Rent as a Fraction of Income

The fraction of median Champaign household income required to pay median monthly gross rent peaked in 2009 (relative to the 2005 series origin) at 22.08%. Since then it has fallen by 2.22% to 19.86%.

Fraction of Income towards Rent: Champaign IL, Illinois, US

Percent of median household income going towards median monthly gross rent in Champaign Illinois

Historical Data for Annual Rent as a Fraction of Income in Champaign Illinois

Date US Illinois Champaign, IL
2015 20.63% 18.85% 19.86%
2014 20.89% 18.91% 19.57%
2013 20.78% 18.89% 19.70%
2012 20.65% 18.89% 18.84%
2011 20.70% 19.36% 21.91%
2010 20.50% 19.21% 19.42%
2009 20.12% 18.41% 22.08%
2008 19.00% 17.31% 18.36%
2007 18.66% 17.36% 17.68%
2006 18.90% 17.56% 17.12%
2005 18.89% 17.52% 19.97%

Renter Fraction in Champaign Illinois

You can calculate the renter fraction in Champaign in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Champaign as a fraction of total Champaign households. In 2015 42.36% of households were renters according to Census ACS data.

Champaign Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Illinois 34.72% +0.21% +1.32%
Champaign, IL 42.36% +0.78% +0.94%

Trends in the Champaign, IL Renter Fraction

The Champaign household renter fraction peaked in in 2009 at 43.12% and is now 0.76% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Champaign IL, Illinois, US

Fraction of renters in Champaign

History of Champaign Renter Fraction

Date US Illinois Champaign, IL
2015 36.97% 34.72% 42.36%
2014 36.90% 34.51% 41.58%
2013 36.50% 34.06% 40.45%
2012 36.09% 33.40% 41.42%
2011 35.42% 32.65% 42.91%
2010 34.65% 32.27% 42.07%
2009 34.13% 32.00% 43.12%
2008 33.36% 30.73% 42.06%
2007 32.80% 29.94% 41.02%
2006 32.73% 30.12% 38.29%
2005 33.10% 30.13% 41.42%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.