Rental market snapshot for Savoy, Illinois

Savoy, Illinois Rental Property Market Overview

Savoy, Illinois is a small village located in Champaign County, with a population of 8,823 as of 2021, according to the US Census. It is a vibrant community with a variety of businesses, restaurants, and recreational activities. The village is home to the University of Illinois at Urbana-Champaign, as well as several parks and trails. Savoy is a great place to live, work, and play, with plenty of opportunities for growth and development.

The average rent for an apartment in Savoy is $1,096. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated October 27, 2023

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Average monthly rent graph in Savoy Illinois | Cost of Living

  • The most expensive ZIP code in Savoy is 61874 with an average price of $1,317.
  • The cheapest ZIP code in Savoy is 61874 with an average price of $1,317.

Savoy ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
161874$1,317

Live near Savoy, Illinois's Top Sights and Attractions

Dana Colbert Sr Park is a beautiful outdoor space located in Savoy, Illinois. It features a large pond, walking trails, and plenty of open green space for visitors to enjoy. There is also a playground and picnic area, making it a great spot for families to spend time together. The park also offers fishing, canoeing, and kayaking, as well as a disc golf course. With its peaceful atmosphere and stunning views, Dana Colbert Sr Park is a great place to relax and take in the beauty of nature.

Dohme Park is a picturesque park located in a rural area, surrounded by lush greenery and rolling hills. It features a large lake, perfect for fishing, swimming, and boating, as well as a playground, picnic areas, and walking trails. The park also has a pavilion, perfect for hosting events, and a large open field for sports and other activities. Visitors can also enjoy the beautiful views of the surrounding countryside.

Harold E Ruppel Bike Path is a scenic, paved pathway that winds through the countryside of central Illinois. The path is approximately 4 miles long and is perfect for walking, running, biking, and rollerblading. It is lined with trees and has several benches along the way, making it a great spot for a leisurely stroll or a more vigorous workout. The path also connects to several other trails, allowing for longer excursions.

Burwash Park is a picturesque outdoor area located in a small town. It features a large pond, a gazebo, and a walking path that winds around the perimeter of the park. The park is also home to a variety of wildlife, including ducks, geese, and other birds. In the summer months, visitors can enjoy a picnic or take a leisurely stroll around the park. The park also hosts a variety of events throughout the year, such as concerts and festivals.

John L Jones Park is a large outdoor recreational area located in a small town in the Midwest. It features a variety of amenities, including a large lake, walking trails, picnic areas, playgrounds, and a disc golf course. The park is also home to a variety of wildlife, including deer, ducks, geese, and other birds. The park is a popular destination for locals and visitors alike, offering a peaceful and tranquil atmosphere for relaxation and recreation.

Savoy, Illinois area median rent change by ZIP code map

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How does Savoy compare to other cities in Illinois?

citymedian price
Wilmette$3,814
Batavia$2,695
Elmwood Park$2,475
Streamwood$2,250
Arlington Heights$2,132
Maywood$1,325
Belleville$1,155
Granite City$1,103
Springfield$979

Average household income in Savoy area graph - US Census

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The median household income in Savoy in 2021 was $78,584. This represents a 45.3% change from 2011 when the median was $54,100.

#categorypercent
0Less than $10,0006.4%
1$10,000 to $14,9992.4%
2$15,000 to $19,9993.0%
3$20,000 to $24,9994.4%
4$25,000 to $29,9994.0%
5$30,000 to $34,9992.9%
6$35,000 to $39,9994.4%
7$40,000 to $44,9992.5%
8$45,000 to $49,9992.9%
9$50,000 to $59,9998.3%
10$60,000 to $74,9999.6%
11$75,000 to $99,99911.4%
12$100,000 to $124,99910.9%
13$125,000 to $149,9995.7%
14$150,000 to $199,9999.8%
15$200,000 or more11.4%

Neighborhoods in Savoy

We currently do not have this data but we are working to add this soon.

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of September, the average rent in Savoy is $1,096.
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