Studio Apartment Rent in Savoy, IL
Median asking rent for a studio apartment in Savoy, Illinois as of August 2026. That's +44% lower than the citywide median of $1,505 and +34% below the national studio median of $1,290.
Income needed for a studio in Savoy
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a studio at the current median rent.
Rent by apartment size in Savoy
Compare Savoy's median rent across every apartment size.
Cheapest cities for a studio in Illinois
| # | City | Studio rent |
|---|---|---|
| 1 | Carbondale | $464 |
| 2 | Dixon | $610 |
| 3 | Charleston | $640 |
| 4 | Quincy | $650 |
| 5 | Macomb | $660 |
| 6 | Pekin | $660 |
| 7 | Rock Island | $680 |
| 8 | Danville | $690 |
| 9 | Moline | $700 |
| 10 | Peoria Heights | $700 |
| 11 | Normal | $720 |
| 12 | Peoria | $738 |
| 13 | Springfield | $750 |
| 14 | Decatur | $760 |
| 15 | Marion | $760 |
Most expensive cities for a studio in Illinois
| # | City | Studio rent |
|---|---|---|
| 1 | Morton Grove | $2,190 |
| 2 | Deerfield | $2,190 |
| 3 | Barrington | $2,190 |
| 4 | Wilmette | $2,100 |
| 5 | Buffalo Grove | $2,100 |
| 6 | Highland Park | $2,060 |
| 7 | Plainfield | $2,015 |
| 8 | Naperville | $1,978 |
| 9 | Vernon Hills | $1,970 |
| 10 | Streamwood | $1,970 |
| 11 | Northbrook | $1,960 |
| 12 | Bartlett | $1,940 |
| 13 | Bolingbrook | $1,925 |
| 14 | Romeoville | $1,910 |
| 15 | Elmhurst | $1,910 |
Nearby cities — studio rent
Considering nearby alternatives? 5 of these cities have cheaper studio rents than Savoy.
| City | Distance | Studio rent | vs Savoy |
|---|---|---|---|
| Champaign, IL | 5 mi | $1,033 | +$183 (+22%) |
| Mahomet, IL | 16.2 mi | $1,080 | +$230 (+27%) |
| Rantoul, IL | 19.6 mi | $820 | $-30 (-4%) |
| Charleston, IL | 37.6 mi | $640 | $-210 (-25%) |
| Danville, IL | 43.2 mi | $690 | $-160 (-19%) |
| Decatur, IL | 54.1 mi | $760 | $-90 (-11%) |
| Bloomington, IL | 57.3 mi | $770 | $-80 (-9%) |
| Terre Haute, IN | 74.3 mi | $803 | $-47 (-6%) |
| Kankakee, IL | 77.4 mi | $780 | $-70 (-8%) |
| Bourbonnais, IL | 83.3 mi | $960 | +$110 (+13%) |
| West Lafayette, IN | 92.4 mi | $830 | $-20 (-2%) |
| Crawfordsville, IN | 93.8 mi | $598 | $-252 (-30%) |
Studio rent in Savoy — common questions
How much is a studio apartment in Savoy?
As of August 2026, the median studio apartment rent in Savoy, Illinois is $850 per month. This is +44% below the citywide median of $1,505.
What income do you need to afford a studio in Savoy?
Using the standard 30% rent-to-income rule, you would need an annual income of about $34,000 ($2,833/month gross), which works out to roughly $16.35/hour at a full-time job.
Is Savoy expensive for a studio compared to the rest of the US?
Savoy's studio median of $850 is +34% below the national studio median of $1,290. It ranks in the 13th percentile of US cities tracked.
How does Savoy rank for studio rent in Illinois?
Among the 140 cities in Illinois with studio data, Savoy ranks #25 from cheapest to most expensive.
Are there cheaper studio options near Savoy?
Yes — nearby cities with cheaper studio rents include Rantoul ($820), Charleston ($640), Danville ($690).