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 $819 in 2016 according to the Census ACS survey.1 Average gross rent in Champaign was $875 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Champaign median and average rent data will be released in September of 2018.

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 (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
Illinois Median Gross Rent $950 +0.21% +6.74%
Champaign, IL Median Gross Rent $819 -5.32% +5.00%

Champaign, IL Real Gross Rent Trends

Median gross rent for Champaign peaked in real terms in 2015 at $865 and is now $46 (5.32%) lower. Average gross rent for Champaign peaked in real terms in 2015 at $934 and is now $59 (6.32%) lower.

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
2016 $981 $950 $819 $875
2015 $972 $948 $865 $934
2014 $942 $912 $790 $845
2013 $910 $890 $780 $844
2012 $898 $882 $760 $823
2011 $898 $886 $797 $864
2010 $912 $905 $792 $860
2009 $916 $901 $837 $879
2008 $932 $917 $806 $871
2007 $885 $879 $743 $809
2006 $895 $892 $751 $817
2005 $869 $876 $787 $873

Champaign Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Champaign Illinois was 8.37% according to Census ACS data.

Rental Vacancy Rate in Champaign Illinois

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
Illinois 6.01% -0.20% -0.15%
Champaign, IL 8.37% -3.71% -0.03%

Trends in Champaign, IL Rental Vacancy Rate

The rental vacancy rate in Champaign peaked in 2015 at 12.08%. Since then it has fallen by 3.71% to 8.37%. Data records for this series originated in 2005.

Rental Vacancy Rate: Champaign IL, Illinois, US

Rental vacancy rate in Illinois

Historical Rental Vacancy Rate data for Champaign

Date US Illinois Champaign, IL
2016 5.89% 6.01% 8.37%
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 19.44% in 2016 according to the ACS.

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

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
Illinois 18.70% -0.15% -0.19%
Champaign, IL 19.44% -0.42% -0.27%

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 2.64% to 19.44%.

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
2016 20.43% 18.70% 19.44%
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 2016 43.05% of households were renters according to Census ACS data.

Champaign Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
Illinois 34.74% +0.02% +0.68%
Champaign, IL 43.05% +0.69% +2.60%

Trends in the Champaign, IL Renter Fraction

The Champaign household renter fraction peaked in in 2009 at 43.12% and is now 0.07% 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
2016 36.88% 34.74% 43.05%
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.