2

Studio Apartments for Rent in Danville, IL

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    Starting at $732 Per Month

    • Studio - 3 Beds

    324 N Vermillion St, Danville, IL 61832

    This beautifully restored building offers thoughtfully designed studio, one, two, and three-bedroom apartments, all meeting ADA accessibility standards. Enjoy the elegance of early 20th-century architecture paired with cutting-edge sustainability, including a geothermal heating and cooling system beneath the property’s parking area. Playground and library next door.With seven national

    The Verander

    324 N Vermillion St, Danville, IL 61832
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    $475 Per Month

    • Studio
    • 1 Bath
    • 700 Sq Ft
    • 1124-3 Walnut-N

    1124 N Walnut St, Danville, IL 61832

    ?? Studio Apartment for Rent – 1124 N Walnut St, Danville, ILLocated at 1124 N Walnut St, this studio, 1-bath apartment offers comfortable living space with practical features and everyday convenience.Property Highlights• 1 bathroom• Hardwood floors throughout• Generously sized rooms• Kitchen appliances included• Freshly painted interior• Functional layout

    1124 N Walnut St, Danville, IL 61832

Why Live in Danville

Danville, Illinois, located on the Indiana border, has transitioned from a coal mining hub to a community rich in recreational opportunities. The city and surrounding Vermilion County boast over 15,000 acres of parkland, including the expansive Kickapoo State Recreation Area with its 35 miles of hiking trails and numerous ponds and lakes for fishing and canoeing. Winter Park, on the city's north end, features extensive sports fields and an accessible playground. Golf enthusiasts can enjoy the public courses at Harrison Park Golf Course and Turtle Run Golf Club. Danville hosts monthly First Fridays downtown, offering free or low-cost events, and notable annual events like the Balloons Over Vermilion festival and Arts in the Park. History buffs can explore the Vermilion County Museum, which includes a reproduction of the courthouse where Abraham Lincoln practiced law, and the restored Fischer Theatre. Housing in Danville is predominantly single-family homes, with prices well below the national average. The area is served by Danville Community Consolidated School District 118 and the highly rated Schlarman Academy. Downtown Danville features local shops and restaurants, while the Village Mall, despite its age, remains a key retail area. The Danville Police Department reports a decrease in violent crimes in 2023, maintaining levels below previous highs from 2015 to 2017.

Frequently Asked Questions

How much does it cost to rent a home in Danville, IL?
The median rent for a home in Danville, IL is $822 per month, though prices vary by neighborhood, size, and property type. As of July 2026, single-family homes tend to be the most affordable option while condos are currently more expensive.
How much do you need to make to afford rent in Danville, IL?
To comfortably afford the median rent in Danville, IL, a household needs to earn roughly $32,880 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 $822 per month in Danville, IL, renters typically need to show $2,466 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 Danville, IL?
In Danville, IL, the price-to-rent ratio is 12.7, 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
2
Median Rent
$822
Median Single Family Home Rent
$795
Median Condo Rent
$850
How to Rent a Home