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RentData.org Logo Champaign-Urbana Fair Market Rent FY 2010 Champaign-Urbana, IL MSA Rental Data

Fair Market Rent Prices in Champaign-Urbana, IL :
$493 $599 $705 $885 $1,215
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Champaign-Urbana are high compared to the national average. This FMR area is more expensive than 83% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Champaign-Urbana is $705 per month.

The previous year, rent for a two-bedroom home was $684 per month. This is a 3.07% increase year-over-year.

This FMR rate applies to Ivesdale, IL, Royal, IL, Allerton, IL, Bondville, IL, Foosland, IL, Longview, IL, Broadlands, IL, Penfield, IL, Ludlow, IL, Dewey, IL and other cities within the region. The Metro Code or CBSA code for this region is METRO16580M16580.

Additionally, This Fair Market Rent (FMR) area Champaign-Urbana, IL MSA spans one county or city in Illinois which is listed in the table below. Estimated population of Champaign-Urbana, IL MSA FMR area is 179,669 people based on latest Census data.

Compared to the rest of Illinois, the Champaign-Urbana FMR area is more expensive than 92% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Champaign-Urbana. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Champaign-Urbana

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 526
1-BR 1-Bedroom $ 629
2-BR 2-Bedroom $ 749
3-BR 3-Bedroom $ 1000
4-BR 4-Bedroom $ 1314
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Champaign-Urbana, IL MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Champaign & Sprngfld - Decatur.

County / Region Est. Population
Champaign-Urbana, IL Metro 179,669
Zip Codes in Champaign-Urbana, IL MSA

There are 41 unique zip codes in this Fair Market Rent (FMR) area:

60936, 60949, 60957, 60960, 61801, 61802, 61803, 61810, 61815, 61816, 61820, 61821, 61822, 61824, 61825, 61826, 61840, 61843, 61845, 61847, 61849, 61851, 61852, 61853, 61854, 61859, 61862, 61863, 61864, 61866, 61871, 61872, 61873, 61874, 61875, 61877, 61878, 61880, 61884, 61953 and 61956

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