Rentometer, Inc. | Data as of 10/23/2025
Savoy, Illinois, nestled between the vibrant university towns of Champaign and Urbana, offers a welcoming small‑city atmosphere with easy access to cultural amenities, parks, and excellent schools. Residents enjoy the historic downtown district, where local cafés, boutique shops, and community events create a lively neighborhood feel. Proximity to the University of Illinois and major employers makes Savoy a convenient base for students, young professionals, and families alike. The city’s well‑maintained streets, tree‑lined boulevards, and recreational spaces such as Savoy Plaza and the Savoy Community Center add to its high quality of life while keeping a relaxed, suburban charm.
The rental market in Savoy presents a balanced mix of apartments and single‑family homes, catering to a diverse set of renters. One‑bedroom apartments commonly fall within the low $1200s, with a median rent hovering around the $1300 mark, while two‑bedroom units generally sit in the mid $1300s, offering competitive value for space and amenities. For those seeking more privacy or additional room, the limited selection of houses provides an attractive alternative, often featuring larger layouts and yard space. Neighborhoods such as Eastside and the historic district near the railroad tracks are especially popular, blending easy transit options with a sense of community. Whether you’re looking for a modern apartment close to campus or a quiet house in a family‑friendly enclave, Savoy’s rental landscape delivers flexibility, affordability, and a welcoming environment for all tenants.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,222 | $1,290 | $910 - $1,400 | $1,280 - $1,400 |
| Apartment | 2 Bedroom | $1,391 | $1,349 | $1,275 - $1,550 | $1,275 - $1,550 |
In the current period, the average rent in Savoy was
$1,223 for 1 Bedroom, and
$1,326 for 2 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.