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6 Hours Ago

Location

503 S State St, Champaign, IL 61820, USA

Tour 503 S State St

Contact

Trautman Property Management, LLC

(217) 888-8585

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Not allowed

Cat Policy

Not allowed

No pets allowed.

Questions about this property’s policies and fees?

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About 503 S State St

HomeHouses in Champaign 503 S State St, Champaign, IL 61820, USA

503 South State Street is a truly exceptional historic home where timeless architecture and modern luxury come together seamlessly. Carefully restored under the oversight of PACA, this iconic residence preserves its original character while offering the comforts and functionality today’s buyers expect. Spanning three full stories plus a distinctive cupola lookout tower, the home is rich in architectural detail and filled with natural light. The third floor serves as a breathtaking and highly versatile space, featuring a large rec, media, or family room along with a full bathroom—ideal for entertaining, relaxing, or creating a private retreat. The home offers four spacious bedrooms and three and a half bathrooms, all thoughtfully updated while respecting the home’s historic integrity. A rare four-car garage with EV charging provides exceptional convenience, while the expansive fenced yard includes beautiful gardens, a deck, porch, and patio, creating multiple outdoor living and entertaining spaces. Located in one of Champaign’s most beloved historic neighborhoods, 503 S State Street offers a rare opportunity to own a landmark home that blends historic charm, modern upgrades, and an unbeatable in-town lifestyle. To schedule a tour of this magnificent home, please follow the link below: https www trautmanagency com request-a-showing To proceed with the rental of this unit, it is necessary for you to have an income that is at least three times the monthly rent. For instance, if the monthly rent is $4,500, your verifiable income should be $13,500 per month to meet the qualification criteria. We require a 650+ credit score to qualify for this home. We eagerly await your response and look forward to hearing from you!


Address details

Zip code61820
TypeHouse for rent

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Rent trends in Champaign

3-bedroom apartments at 503 S State St cost about 205% more than the average rent price for 3-bedroom apartments in Champaign.

Median rents as of Jan 31 2026.
Champaign
A table of 3-bedroom apartment rental data trends in Champaign
MonthMedian Rent
February 2024$1,684
March 2024$1,592
April 2024$1,437
May 2024$1,551
June 2024$1,519
July 2024$1,481
August 2024$1,458
September 2024$1,565
October 2024$1,755
November 2024$1,737
December 2024$1,489
January 2025$1,468
February 2025$1,522
March 2025$1,435
April 2025$1,774
May 2025$1,527
June 2025$1,518
July 2025$1,472
August 2025$1,405
September 2025$1,454
October 2025$1,162
November 2025$1,509
December 2025$1,792
January 2026$1,477

Affordability calculator

Can I afford to live at 503 S State St?

Bedrooms

3 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$180,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $180,000 annually to afford this 3-bedrooms monthly rent price of $4,500.
For more information on rent affordability, visit our rent calculator.

Schools near 503 S State St

South Side Elementary School

715 s new st

champaign, IL, 61820

K-5Public
B

Stratton Elementary School

902 n randolph st

champaign, IL, 61820

K-5Public
C+

Dr. Howard Elementary School

110 n james

champaign, IL, 61821

K-5Public
B+

Westview Elementary School

703 s russell st

champaign, IL, 61821

K-5Public
C+

Washington Elementary School

606 e grove st

champaign, IL, 61820

K-5Public
B
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Internet available near 503 S State St

Getting around Champaign near 503 S State St

Walking

8/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

6/10
This area is accessible to thoroughfares and has ample parking options.

Transit

4/10
There are a few mass transit options within the area.

Points of interest for 503 S State St, Champaign

Groceries

9/10
The nearest general grocery store is within a 5-minute walk, and there are also some specialist food stores nearby.

Shopping

6/10
Several fashion stores are within a short walk.

Cafes

6/10
The closest café is within a 5-minute walk, and there are some other cafés within walking distance.

Restaurants

7/10
A variety of restaurants are within a short walk.

Primary schools

10/10
At least one elementary school within a 5-minute walk.

High schools

10/10
At least one high school within a 5-minute walk.

Nightlife

4/10
Some bars are within walking distance.

Explore the area around 503 S State St

Annapoorrna Store
505 S Neil St
AM-Ko Oriental Foods & Gifts
101 E Springfield Ave
County Market
331 E Stoughton St
Green Onion Asian Market
2020 S Neil St
El Progreso
1017 1/2 W Bloomington Rd

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