How much does it cost to rent in Rantoul, IL?

As of July 2026, the median monthly rent in Rantoul, IL is $808. This figure is based on aggregated data from public sources and community-submitted rents.

Is Rantoul cheaper than other Illinois cities?

Rantoul is among the more affordable cities in Illinois, ranking #140 out of 142 cities at $808/mo.

When was Rantoul rent data last updated?

Rantoul rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

Is Rantoul a renter's market or a landlord's market?

Based on RentDataNow's Rent Market Meter, Rantoul is currently a renter's market. Rents are softening (up only 2.8% YoY), so renters have negotiating leverage. The meter is derived from rent-price momentum (year-over-year and month-over-month change), not inventory levels.

City Report · IL

Rantoul

Name: Average Rent Prices in Rantoul, IL
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 12,421·140th most expensive in Illinois·One of the most affordable rental markets in the US

Median rent (all units)

$808/mo

Year-over-Year

+2.8%

Month-over-Month

-2.8%

vs US Median

-$1,157

Falling (Monthly)

Be the first to discuss Rantoul rents ↓

Most AffordableMost Expensive

Rantoul · $808

More affordable than 100% of US cities · National median $1,965/mo

Affordability

20% of income

VERY AFFORDABLE

0%30% benchmark60%+

At $808/mo, rent takes about 20% of the local median household income, comfortably within the 30% benchmark.

Income to afford

$32,000/yr

Local median income

$48,691/yr

Based on the 30%-of-income rule using Rantoul's median rent and household income. See the full affordability breakdown →

Medians by bedroom

Rent by unit size

Studio

$638

1 BR

$646

2 BR

$762

3 BR

$988

4 BR+

$1,011

Research median

$762/mo

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

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$9,696/yr

At $808/mo median

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (up only 2.8% YoY), so renters have negotiating leverage.

Based on rent-price momentum (+2.8% YoY, -2.8% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Rantoul, IL is roughly split between renters and owners, has a large share of families with children, has a median income below the national average, 12.4% of residents hold a bachelor's degree or higher.

Population

12,421

Median income

$48,691

Median age

36.6

Renters

45%

Age distribution

25.7%

20.4%

24.5%

14.8%

14.6%

Under 1825.7%

18–3420.4%

35–5424.5%

55–6414.8%

65+14.6%

Gender

47%

53%

Male47%

Female53%

Race & ethnicity

52.8%

17.9%

20.1%

White52.8%

Black17.9%

Hispanic20.1%

Asian0.8%

Other8.3%

Education (25+)

44.6%

36.1%

12.4%

No HS diploma6.9%

HS diploma44.6%

Some college36.1%

Bachelor's+12.4%

Housing tenure

55%

45%

Owner55%

Renter45%

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

2021 vs 2026

How Rantoul, IL has changed in 5 years

Income

$44,130 → $48,691

up 10.3%

Population

12,766 → 12,421

down 2.7%

Renter share

49.1% → 45%

-4.1 pts

Bachelor's+

16% → 12.4%

-3.6 pts

Median age

35 → 36.6

+1.6 yrs

On the earnings side, the typical household in Rantoul, IL now reports about $48,691, up from $44,130 in 2021. Census counts show Rantoul, IL losing about 345 residents over the five-year window, down 2.7% on net. The renter share has eased from 49.1% to 45%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 16% to 12.4% across the same window.

Community

Discussions about Rantoul

No discussions yet. Start the conversation.

View Rantoul rent history (2015–2026) →

Salary vs rent

Can you afford rent in Rantoul on your salary?

At $808/mo, how Rantoul rent compares to typical pay (30% rule).

Registered Nurse

Avg $96,370/yr · Rent = 10.1% income

very comfortable

Elementary School Teacher

Avg $68,422/yr · Rent = 14.2% income

very comfortable

Police Officer

Avg $78,815/yr · Rent = 12.3% income

very comfortable

Software Developer

Avg $140,872/yr · Rent = 6.9% income

very comfortable

Lawyer

Avg $179,999/yr · Rent = 5.4% income

very comfortable

Firefighter

Avg $64,066/yr · Rent = 15.1% income

very comfortable

Truck Driver

Avg $57,844/yr · Rent = 16.8% income

very comfortable

Electrician

Avg $71,298/yr · Rent = 13.6% income

very comfortable

By apartment size

Rantoul rent by bedroom count

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

Local insights

Tips for renters in Rantoul

About renting in Rantoul, IL

Last updated: July 20, 2026

The median rent in Rantoul is $808/mo as of July 2026. A studio apartment averages $638/mo while a 2-bedroom runs $762/mo. One-bedroom apartments average $646/mo and 3-bedroom units go for $988/mo.

At 20% of local median household income ($48,691/yr), Rantoul ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.8% over the past year.

FAQ

Frequently asked questions

Is Rantoul an affordable city for renters?

Rantoul is considered very affordable for renters. At $808/mo, rent takes approximately 20% of the local median household income ($48,691/yr). The standard benchmark is 30%. Rantoul falls comfortably within that range.

How much income do you need to rent in Rantoul?

To keep rent at or below 30% of gross income, you would need to earn at least $32,000/year (~$15/hour full-time) to afford the median rent of $808/mo in Rantoul. The local median household income is $48,691/yr, meaning the typical Rantoul household meets that threshold.

Is rent going up or down in Rantoul?

Rent in Rantoul has increased 2.8% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Rantoul rent compare to other cities in Illinois?

Rantoul is one of the more affordable cities in Illinois for rent, ranking #140 out of 142 tracked cities at $808/mo.

What percentage of Rantoul residents rent vs. own?

According to Census data, approximately 45% of Rantoul households are renters, while 55% are owner-occupied. Rantoul leans toward homeownership, which can mean a smaller rental inventory.

How does Rantoul rent compare to the national average?

Rantoul's median rent of $808/mo is $1,157 (59%) below the US national median of $1,965/mo. Within Illinois, it ranks #140 out of 142 tracked cities.

Income Affordability

20%

VERY AFFORDABLE

At $808/mo, rent takes ~20% of Rantoul's median household income ($48,691/yr). The standard benchmark is 30%.

Rantoul 20%Benchmark 30%

State income tax4.95%

Run the Rantoul affordability calculator →

Nearby cities