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City Report · IL

Danville

Pop. 28,595·138th most expensive in Illinois·Danville rents are up 10.0% over the past year
Median rent (all units)
$867/mo
Year-over-Year
+10.0%
Month-over-Month
-1.1%
vs US Median
-$1,098
Falling (Monthly)
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Most AffordableMost Expensive
Danville · $867
More affordable than 99% of US cities · National median $1,965/mo
Rent Reality Score
61/100
Good value
OverheatedFairGreat value

Rents are 5% below what Danville's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$867/mo
Expected by trend
$916/mo
The Rent Reality Score compares today's median rent to where Danville's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$690
1 BR
$770
2 BR
$1,010
3 BR
$1,230
4 BR+
$1,360
Research median
$1,010/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$10,404/yr
At $867/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 10.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+10.0% YoY, -1.1% MoM), not inventory.
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Demographics

Who lives here

Danville, IL is majority owner-occupied, has a median income below the national average, 19% of residents hold a bachelor's degree or higher.

Population
28,595
Median income
$45,957
Median age
39.8
Renters
42.7%
Age distribution
23.8%
20.9%
24.2%
19.4%
Under 1823.8%
18–3420.9%
35–5424.2%
55–6411.6%
65+19.4%
Gender
51%
49%
Male51%
Female49%
Race & ethnicity
55.9%
34.5%
White55.9%
Black34.5%
Hispanic7.6%
Asian1.3%
Other0.6%
Education (25+)
13.3%
37.8%
29.9%
19%
No HS diploma13.3%
HS diploma37.8%
Some college29.9%
Bachelor's+19%
Housing tenure
57.3%
42.7%
Owner57.3%
Renter42.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How Danville, IL has changed in 5 years

Rent
$677 → $867
up 28.1%
Income
$39,230 → $45,957
up 17.1%
Population
29,534 → 28,595
down 3.2%
Renter share
42.6% → 42.7%
+0.1 pts
Bachelor's+
17.9% → 19%
+1.1 pts
Median age
38.4 → 39.8
+1.4 yrs

Compared with 2023, rent in Danville, IL has increased by $190 per month, settling near $867 after starting the period at $677. Census figures show median household income at $45,957 today, compared with $39,230 five years earlier. Rent outpaced income growth by roughly 11.0 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 29,534 to 28,595 between 2021 and 2024, a 3.2% change. The combined trend lines point to a market that has changed measurably from where it stood in early 2023.

Community

Discussions about Danville

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View Danville rent history (2015–2026) →
Salary vs rent

Can you afford rent in Danville on your salary?

At $867/mo, how Danville rent compares to typical pay (30% rule).

By apartment size

Danville rent by bedroom count

Median rent for each apartment size in Danville. Click any size for full breakdown.

Local insights

Tips for renters in Danville

About renting in Danville, IL

Last updated: July 20, 2026

The median rent in Danville is $867/mo as of July 2026. A studio apartment averages $690/mo while a 2-bedroom runs $1,010/mo. One-bedroom apartments average $770/mo and 3-bedroom units go for $1,230/mo.

At 23% of local median household income ($45,957/yr), Danville ranks as affordable compared to the national benchmark of 30%. Rents have increased 10.0% over the past year.

FAQ

Frequently asked questions

Is Danville an affordable city for renters?

Danville is considered very affordable for renters. At $867/mo, rent takes approximately 23% of the local median household income ($45,957/yr). The standard benchmark is 30%. Danville falls comfortably within that range.

How much income do you need to rent in Danville?

To keep rent at or below 30% of gross income, you would need to earn at least $35,000/year (~$17/hour full-time) to afford the median rent of $867/mo in Danville. The local median household income is $45,957/yr, meaning the typical Danville household meets that threshold.

Is rent going up or down in Danville?

Rent in Danville has increased 10.0% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Danville rent compare to other cities in Illinois?

Danville is one of the more affordable cities in Illinois for rent, ranking #138 out of 142 tracked cities at $867/mo.

Which nearby cities are cheaper to rent in than Danville?

Rantoul is nearby and more affordable at $808/mo, which is $59 less than Danville.

What percentage of Danville residents rent vs. own?

According to Census data, approximately 42.7% of Danville households are renters, while 57.3% are owner-occupied. Danville leans toward homeownership, which can mean a smaller rental inventory.

How does Danville rent compare to the national average?

Danville's median rent of $867/mo is $1,098 (56%) below the US national median of $1,965/mo. Within Illinois, it ranks #138 out of 142 tracked cities.
Income Affordability
23%
VERY AFFORDABLE

At $867/mo, rent takes ~23% of Danville's median household income ($45,957/yr). The standard benchmark is 30%.

Danville 23%Benchmark 30%
State income tax4.95%
Run the Danville affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Danville, IL

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