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Canton, IL Homes for Rent

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  • /11

    $829 Per Month

    • 2 Beds
    • 1.5 Baths
    • 832 Sq Ft
    • House for Rent

    1100 W Locust St, Canton, IL 61520

    Property Id: 2755325 Affordable Home Opportunity! Looking for a modern and affordable home? This 2-bedroom, 1.5-bath home at 1100 W. Locust St. Lot 1, Canton, IL 61520 features a 16x52 layout and is priced at $39,000. Estimated monthly payment is $829 with an estimated down payment of $1,950. The community offers a playground, dog park, covered picnic area, clubhouse, and onsite office.

    1100 W Locust St, Canton, IL 61520
  • /2

    $800 Per Month

    • 2 Beds
    • 1 Bath
    • 650 Sq Ft
    • Condo for Rent

    80 N Main St Unit 9, Canton, IL 61520

    Property Id: 1358834 Completely refurbished 2 bedroom apartment. Bath has all new fixtures. New flooring, paint, and lighting throughout. On the corner of Chestnut and Main Street. Across from park. Great location for walking, shopping, and eating. Must complete pre-screening questionnaire to be considered.

    80 N Main St Unit 9, Canton, IL 61520
  • /6

    $700 Per Month

    • 1 Bed
    • 1 Bath
    • 400 Sq Ft
    • Condo for Rent

    411 E Chestnut St Unit 411 E. Chestnut 2, Canton, IL 61520

    Property Id: 2590316 1 bed/1 bath just became available. Triplex apartments. Centrally located in town near medical office and Aldi.

    411 E Chestnut St Unit 411 E. Chestnut 2, Canton, IL 61520
  • /5

    $625 Per Month

    • 1 Bed
    • 1 Bath
    • 500 Sq Ft
    • Condo for Rent

    119 Vanburen Ct Unit 6, Canton, IL 61520

    Cozy one-bedroom, one-bath apartment. This inviting unit features an open-concept kitchen and living room layout, creating a comfortable space for relaxing and entertaining. Enjoy a convenient location with a functional layout and a welcoming feel — a great place to call home!Unit Details:- 1 Bedroom- 1 Bath- Kitchen/living room- Window a/c unitMove-in amount

    119 Vanburen Ct Unit 6, Canton, IL 61520

Why Live in Canton

Canton, located in Fulton County, Illinois, is a city with a rich history and a population of just under 13,000 residents. Originally a coal mining town, it later became known for manufacturing steel plows until the closure of the International Harvester factory in 1983. Today, major employers include Cook Medical, Graham Medical Group, Canton Union School District No. 66, Illinois River Correctional Center, and Spoon River College. Some residents commute approximately 30 miles to East Peoria for work. Canton Park District oversees nine parks spanning over 1,400 acres, including Big Creek Park with its recreation center and Lakeland Park, which features 5 miles of trails and five lakes. Canton Lake offers boating and camping facilities, and the area is popular for hunting and fishing. Downtown Canton is vibrant with local businesses such as Billy’s Tap, Official Time Out, American Grille, and Canton Family Restaurant. Seasonal favorites include Hannam’s Dairy Dream and events like the Spoon River Valley Scenic Drive. Canton Union District No. 66 schools have high ratings, and the community supports Canton High School’s sports teams, known as the Little Giants. Despite its active tornado history and population decline, Canton remains a city with affordable housing options, including renovated bungalows, ranch-style homes, and new traditional houses.

Frequently Asked Questions

How much does it cost to rent a home in Canton, IL?
The median rent for a home in Canton, IL is $700 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Canton, IL?
To comfortably afford the median rent in Canton, IL, a household needs to earn roughly $28,000 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 $700 per month in Canton, IL, renters typically need to show $2,100 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 Canton, IL?
In Canton, IL, the price-to-rent ratio is 13.8, 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 Home Trends

Number of Homes for Rent
4
Median Rent
$700
Median Single Family Home Rent
$710
Median Condo Rent
$700
How to Rent a Home