Rentometer, Inc. | Data as of 12/04/2025
Rantoul, Illinois, blends small‑city charm with a vibrant community atmosphere, anchored by historic sites like the former Chanute Air Force Base and the scenic River Bend Park. Its close proximity to major corridors such as Interstate 57 and Route 66 makes downtown amenities, local breweries, and cultural events easily accessible. The city’s revitalized downtown district, along with nearby neighborhoods like Oak Grove and Green Valley, offers a welcoming environment for students, military families, and professionals alike.
The rental market in Rantoul provides a balanced mix of housing options, from single‑family homes to a variety of apartment layouts. Prospective renters will find one‑bedroom apartments typically in the $600s, while two‑bedroom units generally fall within the $800s. Larger three‑bedroom apartments often reach the $1300s, and four‑plus bedroom units are commonly listed in the $1100‑$1200 range. This range of price points supports both affordable living and more spacious family accommodations, making the city attractive for a diverse tenant base.
Beyond affordability, Rantoul offers easy access to outdoor recreation at Lake Central and the historic Route 66 museum, as well as convenient commuting options to Champaign‑Urbana and Springfield. The city’s ongoing development initiatives continue to enhance public spaces, dining, and retail, reinforcing Rantoul’s reputation as a family‑friendly locale with a growing rental market that meets a wide array of lifestyle needs.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $665 | $658 | $625 - $695 | $650 - $695 |
| Apartment | 2 Bedroom | $855 | $775 | $740 - $1,254 | $750 - $895 |
| Apartment | 3 Bedroom | $1,373 | $1,327 | $820 - $2,000 | $1,164 - $1,556 |
| Apartment | 4+ Bedroom | $1,161 | $1,188 | $1,040 - $1,229 | $1,182 - $1,229 |
In the current period, the average rent in Rantoul was $666 for 1 Bedroom, $823 for 2 Bedroom, $1,324 for 3 Bedroom, and $1,154 for 4+ Bedroom.
Data provided by Rentometer, Inc.