Rents are 9% below what Danville's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $883 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Danville is 0.8% below its high of $890 in March 2026, at $883 as of September 2026.
Rent in Danville changed +1.8% over the year to September 2026. Across the 94 Illinois cities Zillow tracks, the typical change was +4.0%.
Rent rose in 6 of the last 12 months.
30% of the median household income ($45,957) is $1,149 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,010); a 3-bedroom is $1,230.
From Zillow's monthly rent index (ZORI) for Danville. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Danville, IL has changed in 5 years
Compared with 2023, rent in Danville, IL has increased by $181 per month, settling near $883 after starting the period at $702. Census figures show median household income at $45,957 today, compared with $39,230 five years earlier. Rent outpaced income growth by roughly 8.7 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.
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At $883/mo, how Danville rent compares to typical pay (30% rule).
Danville rent by bedroom count
Median rent for each apartment size in Danville. Click any size for full breakdown.
Tips for renters in Danville
Last updated: October 17, 2026
The median rent in Danville is $883/mo as of October 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 1.9% over the past year.
Frequently asked questions
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Is rent going up or down in Danville?
How does Danville rent compare to other cities in Illinois?
At $883/mo, rent takes ~23% of Danville's median household income ($45,957/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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