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Studio Apartments for Rent in Decatur, IL

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    Starting at $647 Per Month

    • Studio - 2 Beds

    3903 Camelot Cir, Decatur, IL 62526

    NO SECURITY DEPOSIT REQUIRED! At Woodcrest, we designed your apartment home with your needs in mind. From fully equipped redesigned luxurious kitchens to our over-sized apartment homes, we offer carefree apartment living at its best. Come by and meet our professional, friendly staff that is waiting to serve you.

    Woodcrest Apartment Homes

    (217) 302-9499

    3903 Camelot Cir, Decatur, IL 62526
  • /20

    Starting at $482 Per Month

    • Studio - 3 Beds

    701 W Grand Ave, Decatur, IL 62522

    Conveniently located in Decatur IL, the Roosevelt School Apartments offer beautiful studio, one, two, & three bedroom apartments along with 3 bedroom townhomes. Income Limits Apply. Amenities include, on-site management, fitness center, outdoor playground and water/sewer/trash included with rent! Call today for more information or to apply! To be eligible, your gross annual income must

    Roosevelt School Apartments

    (217) 571-3132

    701 W Grand Ave, Decatur, IL 62522
  • /20

    Starting at $690 Per Month

    • Studio - 2 Beds

    1707 S Country Club Rd, Decatur, IL 62521

    Located on the beautiful Lake Decatur next to Scovill Zoo, Timber Cove Apartments is the premier apartment community in Decatur. Community features include a Junior Olympic-sized pool, an oversized playground, peaceful walking grounds, views of Lake Decatur, and controlled entry doors to every building. Our Decatur apartments are also pet friendly and offer a dog park for our furry residents.

    Timber Cove

    (217) 310-3114

    1707 S Country Club Rd, Decatur, IL 62521

Why Live in Decatur

Lake Decatur stands as the recreational heart of this central Illinois city, providing year-round opportunities for boating, fishing, and waterfront activities. The 2,000 plus acres of parks include standouts like Fairview Park, featuring the scenic Rose Garden, tennis courts, and connected trail systems. Families frequent the Scovill Zoo to see diverse wildlife and ride the Endangered Species Carousel, while the Children's Museum of Illinois engages young minds with interactive exhibits. The Devon Lakeshore Amphitheater hosts outdoor concerts throughout the year, complementing the cultural offerings at Millikin University's Kirkland Fine Arts Center and the historic Lincoln Square Theater.

The housing market in Decatur presents affordable options across diverse neighborhoods. Single family homes in the Country Club area have a median price of $130,000, while Southmoreland commands higher values with a median of $255,000. Cresthaven homes show a median price of $199,000, and Greenlake properties reflect a median of $177,500. The median price for one bedroom condos in Decatur is $48,000, while two bedroom condos command a median of $154,900.

Decatur's cost of living sits 20.6 percent below the national average. A family of four should plan for monthly grocery expenses around $1,500 and housing costs near $1,200. Property taxes in Macon County run at 2.1 percent, slightly higher than Springfield's Sangamon County rate of 1.98 percent. The combined sales tax rate reaches 8.89 percent. St. Teresa High School, rated A by Niche, serves multiple neighborhoods including Martin Luther King and Fans Field. Major employers include Archer Daniels Midland, Caterpillar, and Tate & Lyle, supporting the city's strong manufacturing and agricultural base. The Decatur Public Transit System connects residential areas to commercial centers, while the city's location places it 40 miles from Springfield and 180 miles from Chicago.

Frequently Asked Questions

How much does it cost to rent a home in Decatur, IL?
The median rent for a home in Decatur, IL is $895 per month, though prices vary by neighborhood, size, and property type. As of May 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 Decatur, IL?
To comfortably afford the median rent in Decatur, IL, a household needs to earn roughly $35,800 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 $895 per month in Decatur, IL, renters typically need to show $2,685 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 Decatur, IL?
In Decatur, IL, the price-to-rent ratio is 11.4, 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 in Decatur, IL

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$895
Median Single Family Home Rent
$905
Median Condo Rent
$950
How to Rent a Home