Savoy, IL Rental Market Trends
Last updated: October 20, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Savoy is $1,381, a 6.44% increase compared to the previous year, when the average rent was $1,298.
One-bedroom apartments provide 690 square feet for $1,119, balancing privacy and affordability.
Two-beedroom units at $1,339 offer 1,009 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,163 sq ft) for $1,599, suitable for larger households.
Average rent in Savoy, IL
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,381 | 980 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,119 | 690 sq. ft. |
| 2 Beds | $1,339 | 1,009 sq. ft. |
| 3 Beds | $1,599 | 1,163 sq. ft. |
Savoy, IL rent trends
Rental prices in Savoy, IL have increased by 6.44% over the past year. The average rent moved from $1,298 to $1,381.
What's the typical rent budget in Savoy, IL?
The largest share of rentals in Savoy, IL (62%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Savoy, IL?
1,441 or 41% of the households in Savoy, IL are renter-occupied while 2,055 or 59% are owner-occupied.
How Savoy Compares to Other Cities
| City | Average Rent |
|---|---|
| Savoy | $1,381 |
| Skokie | $2,041 |
| Naperville | $2,057 |
| Chicago | $2,461 |
| Aurora | $1,856 |
| Evanston | $2,577 |
| Oak Park | $2,176 |
| Rockford | $1,260 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Savoy apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.