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Arcola, IL Homes for Rent

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    $1,750 Per Month

    • 2 Beds
    • 2 Baths
    • 1,096 Sq Ft
    • Reserve Arcola Duplexes

    915 Green Mill Rd Unit 915-4, Arcola, IL 61910

    Reserve Arcola — Brand New Construction Duplex Homes? Attached two-car garage? Quartz countertops? Luxury vinyl plank flooring throughout? Stainless steel appliances? In-unit laundry room with washer & dryer? High-speed fiber internet ? Private covered patio? New construction — never lived inExperience the quality of a brand new home with the flexibility of

    915 Green Mill Rd Unit 915-4, Arcola, IL 61910
  • /12

    $1,750 Per Month

    • 2 Beds
    • 2 Baths
    • 1,096 Sq Ft
    • Reserve Arcola Duplexes

    915 Green Mill Rd Unit 915-3, Arcola, IL 61910

    Reserve Arcola — Brand New Construction Duplex Homes? Attached two-car garage? Quartz countertops? Luxury vinyl plank flooring throughout? Stainless steel appliances? In-unit laundry room with washer & dryer? High-speed fiber internet ? Private covered patio? New construction — never lived inExperience the quality of a brand new home with the flexibility of

    915 Green Mill Rd Unit 915-3, Arcola, IL 61910
  • /9

    $1,375 Per Month

    • 3 Beds
    • 2 Baths
    • 1,147 Sq Ft
    • Lake View!

    913 Green Mill Rd Unit 11, Arcola, IL 61910

    3bd 2ba Apartment with lake view from spacious balcony. LVP flooring throughout. Modern appliances and fixtures. Easy access to I-57.

    913 Green Mill Rd Unit 11, Arcola, IL 61910
  • /12

    $1,750 Per Month

    • 2 Beds
    • 2 Baths
    • 1,096 Sq Ft
    • Reserve Arcola Duplexes

    911 Green Mill Rd Unit 911-4, Arcola, IL 61910

    Reserve Arcola — Brand New Construction Duplex Homes? Attached two-car garage? Quartz countertops? Luxury vinyl plank flooring throughout? Stainless steel appliances? In-unit laundry room with washer & dryer? High-speed fiber internet? Private covered patio? New construction — never lived inExperience the quality of a brand new home with the flexibility of

    911 Green Mill Rd Unit 911-4, Arcola, IL 61910

Why Live in Arcola

Arcola, Illinois, known as the Broomcorn Capital of the World and the hometown of Raggedy Ann and Andy, is a small city with a population of approximately 2,900. Surrounded by central Illinois farmland, Arcola has a rich history in broomcorn production, with the Libman Company employing around 700 people at its local facility. The city features a mix of late-1800s and early 1900s farmhouses, Craftsman homes, and mid-20th-century ranch-style houses, with prices ranging from $40,000 to $180,000. Arcola's downtown, centered around Main Street, retains its old-fashioned charm with original brick paving, specialty shops like Vint-ish, and murals by the Walldogs. The Arcola Carnegie Public Library and the upcoming Arcola Broom Palace, which includes a museum and observation deck, are notable attractions. Dining options include Vita's Taqueria and Broomtown Cafe, with local grocery stores such as Arcola Hispanic & American Grocery and Country Salvage Store nearby. The city hosts several annual events, including the Broomcorn Festival, Pop the Top Car Show, and the Jingle Jog run. Recreational amenities are abundant, with Kelly Moore Memorial Park offering a skatepark, splash pad, and various sports courts, while Arcola City Park features a pavilion and playground. Aikman's Wildlife Adventure adds to the local attractions with its animal park and Museum of Prehistoric Life. Arcola Jr. Sr. High School is highly rated, and the city is well-connected by State Route 133, U.S. Route 45, and Interstate 57, with Champaign and Mattoon nearby. Despite its past as a sundown town, Arcola's population today is diverse, with a significant Mexican community.

Frequently Asked Questions

How much does it cost to rent a home in Arcola, IL?
The median rent for a home in Arcola, IL is $1,750 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option.
How much do you need to make to afford rent in Arcola, IL?
To comfortably afford the median rent in Arcola, IL, a household needs to earn roughly $70,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,750 per month in Arcola, IL, renters typically need to show $5,250 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Arcola, IL?
In Arcola, IL, the price-to-rent ratio is 7.4, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Trends in Arcola, IL

Rental Home Trends

Number of Homes for Rent
4
Median Rent
$1,750
Median Condo Rent
$1,750
How to Rent a Home