Rent Tracker
Rent Inflation in Danville, IL
The average asking rent in Danville, IL is $861/month as of 2026-08. That is 0% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$861/mo
as of 2026-08
Year-over-Year Change
0%
24-Month Rent Trend
Monthly ZORI index values for Danville, IL.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-08 | $861 | -2.05% |
| 2026-07 | $879 | -0.68% |
| 2026-06 | $885 | -0.11% |
| 2026-05 | $886 | +1.03% |
| 2026-04 | $877 | +0.92% |
| 2026-03 | $869 | +1.16% |
| 2026-02 | $859 | +2.38% |
| 2026-01 | $839 | -0.24% |
| 2025-12 | $841 | -0.12% |
| 2025-11 | $842 | -1.64% |
| 2025-10 | $856 | +0.59% |
| 2025-09 | $851 | -1.16% |
| 2025-08 | $861 | +1.06% |
| 2025-07 | $852 | -0.35% |
| 2025-06 | $855 | +1.79% |
| 2025-05 | $840 | +0.84% |
| 2025-04 | $833 | +2.59% |
| 2025-03 | $812 | +0.62% |
| 2025-02 | $807 | +1.38% |
| 2025-01 | $796 | +0.00% |
| 2024-12 | $796 | +0.63% |
| 2024-11 | $791 | -0.63% |
| 2024-10 | $796 | -0.62% |
| 2024-09 | $801 | — |
Why Rent Inflation Matters
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
Compare All Cities
Open Full Rent Tracker →Other Cities
Data Source
Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices