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Studio Apartments for Rent in Champaign, IL

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    Starting at $1,555 Per Month

    • Studio - 2 Beds

    312 S Prairie St, Champaign, IL 61820

    The Alley Lofts is a new apartment building, a part of the Pilot, a mixed-lifestyle community located near Downtown Champaign. Studio and two-bedroom units feature abundant natural light, walk-in showers, central air, stainless steel appliances, dishwashers, full-size in-unit stackable laundry, and vinyl plank flooring. Pet-friendly and available in Fall 2026. The Alley Lofts are a smoke-free

    Alley Lofts at The Pilot

    312 S Prairie St, Champaign, IL 61820
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    Starting at $1,000 Per Month

    • Studio - 4 Beds

    505 S 5th St, Champaign, IL 61820

    Experience life in motion at The Station—right where campus energy meets everyday convenience. Located just steps from the Main Quad, Green Street, Target, and County Market, you’re always close to everything that matters. Level up your lifestyle with high-speed internet, a vibrant clubhouse lounge, full fitness center with sauna, dedicated study spaces, an outdoor courtyard with BBQ grills, and

    BRAND NEW The Station @ 505 S Fifth

    505 S 5th St, Champaign, IL 61820
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    Starting at $1,089 Per Month

    • Studio - 4 Beds

    707 S 4th St, Champaign, IL 61820

    Enjoy a new level of sophistication and top-of-the-line amenities such as an outdoor amenity deck with a pool, a fully-equipped fitness center including yoga and fitness rooms, an indoor half-court basketball court, a spa with tanning, and sauna, and an indoor bike storage area. Seven07 is establishing a new level of detail inside the apartment homes with luxury finishes throughout. You've never

    Seven07

    707 S 4th St, Champaign, IL 61820
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    Starting at $750

    Total Monthly Price

    • Studio - 2 Beds

    503 S Lynn St, Champaign, IL 61820

    Utilities Included in Rent - Excellent Location, quiet neighborhood, near library, close to downtown area, close to campus, NO SMOKING, Utilities Included in Rent (water, recycle, sewer & garbage), one dog or one cat only, refundable deposit required (equivalent to one month rent), application fee $30.00 (non-refundable), rental insurance required. Please call or email Tina for more information

    Castle Property Services

    503 S Lynn St, Champaign, IL 61820
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    $1,349 Per Month

    • Studio
    • 1 Bath
    • 300 Sq Ft
    • Furnished Studio-Champaign - Urbana

    610 W Marketview Dr, Champaign, IL 61822

    Enjoy a fully furnished studio suite in our hotel at an affordable rate with free wi-fi, free utilities and free premium cable. Each studio suite has a full kitchen with full-size refrigerator, stovetop and microwave, and has a flexible workspace and plenty of storage. All our hotels are pet-friendly and have on-site guest laundry available. Plus, there are no long-term commitments and you can

    Furnished Studio-Champaign - Urbana

    610 W Marketview Dr, Champaign, IL 61822
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    Starting at $650 Per Month

    • Studio - 2 Beds

    404 Edgebrook Dr, Champaign, IL 61820

    Windcrest Apartments offers beautiful, newly renovated rental homes with off-street parking, on-site laundry, stylish plank flooring, and ample closet space. We’re a short distance to the Market Place Shopping Center as well as Hazel Park and several grocery stores. Looking for an affordable 1 or 2 bedroom apartment home in Champaign, IL? Apartments are available now, and you can move in without

    Windcrest Apartments

    404 Edgebrook Dr, Champaign, IL 61820
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    Starting at $920 Per Month

    • Studio - 3 Beds

    310 E Springfield Ave, Champaign, IL 61820

    At Burnham 310, we have everything you need to work, play, and live beyond expectations in our incredible urban dwellings. Our pet-friendly high-rise offers updated kitchens, bathrooms, and spacious floor plans to suit your every need. Choose from a variety of studio, one-, two-, and three-bedroom plans to find your perfect fit. With our newly renovated units, top-tier amenities and a dream

    Burnham 310

    310 E Springfield Ave, Champaign, IL 61820
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    Starting at $1,150 Per Month

    • Studio - 4 Beds

    708 S 6th St, Champaign, IL 61820

    Take your college living experience to the next level with The Dean in Champaign. Conveniently located in the center of Campustown and adjacent to the heart of campus and Greek life, our student apartments near the University of Illinois at Urbana-Champaign are comprised of everything students need and want - including spacious apartments with modern finishes and a range of luxury amenities.

    The Dean Campustown

    708 S 6th St, Champaign, IL 61820
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    Starting at $450 Per Month

    • Studio

    1002 S 2nd St, Champaign, IL 61820

    This 4-bedroom, 2-bathroom unit is conveniently located near the University of Illinois campus at 1002 S Second St. Bedrooms are leased individually, making it a practical option for students or working professionals.Property Details:- Availability Date: August 20th, 2026- Unit Type: 4-Bedroom, 2-Bath – Bedrooms leased individually- Included Utilities: Sanitary, Garbage,

    1002SEC

    1002 S 2nd St, Champaign, IL 61820
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    Starting at $995 Per Month

    • Studio

    17 E University Ave, Champaign, IL 61820

    Live life to the fullest at The Inman in Downtown Champaign! Located just a block from the Illinois Terminal this location can not be beat. With concierge services at your fingertips, you'll have more time in your day to explore downtown and UIUC's campus. The Inman features studio, one, and two bedroom apartments with laundry rooms on each floor, access to a shared resident space in the basement

    The Inman by Royse + Brinkmeyer

    17 E University Ave, Champaign, IL 61820

Why Live in Champaign

The Krannert Center for the Performing Arts hosts diverse music, theater, and dance performances throughout the year, while the historic Virginia Theatre showcases concerts and films in downtown Champaign. Sports fans gather at Memorial Stadium for Fighting Illini football and State Farm Center for basketball games. The University of Illinois Arboretum provides peaceful gardens and walking paths, including a Japanese garden. Local dining highlights include Black Dog Smoke & Ale House's barbecue and Bangkok Thai and Pho 911's authentic Asian cuisine.

The Champaign housing market presents varied options across price points. The median sale price for homes is $238,300. Single family homes in Downtown Champaign have a median price of $200,000, while Cherry Hills commands $415,000. Garden Hills offers more affordable options with a median price of $122,500. Parkland Ridge features condos with median prices of $115,000 for one bedroom and $142,500 for two bedrooms.

The cost of living sits 5.2% below the national average. A family with school-age children needs approximately $100,000 annually to live comfortably, while renters require about $53,000. The property tax rate is 2.07%, and the combined sales tax rate reaches 8.89%. Groceries cost 2.2% below the national average, with families spending about $1,500 monthly. The city contains highly rated schools like Central High School and private Academy High. The University of Illinois at Urbana-Champaign adds educational prestige. The Champaign-Urbana Mass Transit District provides extensive bus service, and Amtrak connects to Chicago, 135 miles north.

Frequently Asked Questions

How much does it cost to rent a home in Champaign, IL?
The median rent for a home in Champaign, IL is $1,750 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Champaign, IL?
To comfortably afford the median rent in Champaign, IL, a household needs to earn roughly $70,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,750 per month in Champaign, IL, renters typically need to show $5,250 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Champaign, IL?
In Champaign, IL, the price-to-rent ratio is 12.1, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
10
Median Rent
$1,750
Median Single Family Home Rent
$2,100
Median Townhouse Rent
$2,125
Median Condo Rent
$1,309
How to Rent a Home