Rent in Rantoul, IL
A 2-bedroom in Rantoul, IL (ZIP 61866) typically rents for about $788 a month, with a range of $788–$1,173. Owner-occupied homes in Champaign County pay about 2.06% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $673 | $673–$983 | 1 |
| 1 bed | $639 | $639–$996 | 1 |
| 2 beds | $788 | $788–$1,173 | 1 |
| 3 beds | $955 | $955–$1,474 | 1 |
| 4 beds | $1,306 | $1,306–$1,542 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Rantoul ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Rantoul, IL?
- About $788 a month: the median of the typical rents in 1 ZIP code, which range from $788–$1,173. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Rantoul, IL?
- About $639 a month: the median of the typical rents in 1 ZIP code, which range from $639–$996. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Rantoul, IL?
- About $955 a month: the median of the typical rents in 1 ZIP code, which range from $955–$1,474. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Rantoul, IL?
- About $673 a month: the median of the typical rents in 1 ZIP code, which range from $673–$983. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Rantoul, IL?
- About $1,306 a month: the median of the typical rents in 1 ZIP code, which range from $1,306–$1,542. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Rantoul, IL?
- Owner-occupied homes in Champaign County pay a typical 2.06% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Rantoul rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).