salaryRent is lower than in 67% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 19.5 minutes.
How much money do I need?
To rent here comfortably, you should earn about $53,320 a year. That is $26 an hour at a full-time job.
Is rent cheaper than other Illinois cities?
Yes. Rent here is cheaper than in most of Illinois. It is number 129 of 334 cities from cheapest to most expensive.
How much do households earn in Rantoul?
Share of households by yearly income. 10.4% of households earn $100,000 or more.
Rent by apartment size in Rantoul
| Size | Rantoul | U.S. average |
|---|---|---|
| Studio | $744 | $1,338 |
| 1 bedroom | $696 | $1,324 |
| 2 bedrooms | $870 | $1,509 |
| 3 bedrooms | $1,058 | $1,698 |
| 4 bedrooms | $1,454 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Rantoul overall?
Everyday prices in Illinois overall are same as the U.S. average (index 100.0, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Rantoul, so the Illinois figure is shown.
Taxes and bills in Rantoul
Life in Rantoul
Is it cheaper to rent or buy in Rantoul?
Buying is cheaper month to month: about $513 a month less than renting.
Owning assumes a typical $118,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $11,820 for the down payment.
Frequently asked questions
What is the average rent in Rantoul, IL?
Renting in Rantoul costs a median of about $1,333 a month in 2026, including utilities. The Illinois median is $1,517.
How much do I need to make to live in Rantoul?
To keep rent under 30% of income, you need about $53,320 a year, or $26 an hour at a full-time job.
Is Rantoul cheap or expensive?
Rantoul is rated Expensive: rent takes 30.5% of the typical household income of $52,513. It ranks 129th cheapest of 334 Illinois cities we track.
How much are property taxes in Rantoul?
The median homeowner in Rantoul pays $2,670 a year in property taxes, about 2.26% of the median home value.
Is Rantoul more expensive than the national average?
Overall prices in Illinois are same as the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Rantoul?
The median home value in Rantoul is $118,200, about 2.3 times the typical yearly household income.
12,421 people live in Rantoul. Numbers are typical (middle) values.