Apartments & Homes for Rent in Oakwood, IL

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What to Know About

Life in Oakwood & Beyond

Oakwood shares many of the great qualities that make Illinois a desirable place to live.

Illinois is known for its rich cultural heritage, lively urban centers, and beautiful countryside landscapes. Explore the state's cultural heritage by visiting renowned museums such as the Lincoln Presidential Library and Museum, the Field Museum of Natural History, the Museum of Science and Industry, and the Art Institute of Chicago. The state also has a thriving theater and art scene, including the renowned Steppenwolf Theatre Company in Chicago. Illinois is also home to respected universities like the University of Illinois at Urbana-Champaign and Northwestern University.

Outdoor enthusiasts will love the scenic beauty of the Shawnee National Forest and the adventure-filled trails of the Starved Rock State Park. Sports fans will be in their element in Illinois, cheering on the Chicago Bears (NFL), Chicago Blackhawks (NHL), Chicago Cubs (MLB), Chicago White Sox (MLB), and Chicago Bulls (NBA). Experience famous attractions like the Willis Tower, Navy Pier, and the Lincoln Park Zoo. Also, enjoy the musicals and plays at Broadway-in-Chicago, festivals throughout the summer months, and culinary tours of the local restaurants.

With its vibrant cultural scene, exciting entertainment options, and top-notch educational opportunities, Illinois offers a high quality of life, making it a great place to live.

Rental Market Trends

Vermilion County, IL

As of April 2025, Vermilion County's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Vermilion County's average rent is 58.7% ($1,027) lower than the Illinois average of $1,749 and 59.9% ($1,077) lower than the U.S. average of $1,799.

Average Rent
$722
Monthly ChangeMonth Over Month Change
Decreased3.7% ($28)
Yearly ChangeYear Over Year Change
Decreased3.2% ($24)
Avg. Days on MarketAverage Days on Market
37
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $669 Decreased0.7% ($5) Increased12.8% ($76)
2 Beds $761 Decreased6.2% ($50) Decreased0.4% ($3)
3 Beds $855 Decreased6.3% ($57) Decreased0.5% ($4)
Cities within Vermilion County Average Rent Avg. Rent vs. VermilionAverage Rent vs. Vermilion County Avg. Days on MarketAverage Days on Market
Danville $773 Increased7.1% ($51) 37 days
Hoopeston $683 Decreased5.4% ($39) 35 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Vermilion County Rental Market FAQs

Explore rental prices, market trends, and availability in Vermilion County, IL.

The average rent in Vermilion County, IL is $722 per month.
Homes in Vermilion County typically rent for between $600 and $1,112 per month, with an average of $722 per month.
In Vermilion County, the average rent for a 1-bedroom home is $669 per month, for a 2-bedroom home, $761 per month, and a 3-bedroom home is $855 per month.
The average rent in Vermilion County is 59.9% ($1,077) lower than the national average of $1,799 per month.
The average rent in Vermilion County has decreased by 3.7% ($28) in the last month and decreased by 3.2% ($24) over the past year.
The rental market in Vermilion County, IL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Vermilion County, IL, the average rental stays on the market for approximately 37 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 12 rental properties available in Vermilion County, IL.
Based on the current averages, a household would need an annual income of $30,440 to comfortably afford a 2-bedroom home in Vermilion County.
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