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Effingham, IL Homes for Rent

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  • /16

    $1,200

    Total Monthly Price

    • 3 Beds
    • 1 Bath
    • 988 Sq Ft
    • House for Rent

    402 Illinois Ave, Effingham, IL 62401

    Please click on "APPLY NOW" and submit your application if you are interested.For Rent: Newly Renovated 3 Bedroom / 1 Bath home located in central Effingham. Completely remodeled with new central heat and air, flooring, roof, windows, etc. in 2021. All 3 bedrooms feature large closets. Large backyard with patio and storage shed. Washer/Dryer hookup available.$1,200 month + $1,200

    402 Illinois Ave, Effingham, IL 62401
  • /2

    $1,050 Per Month

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

    801 W St Anthony Ave Unit B, Effingham, IL 62401

    Welcome to this charming 2-bedroom, 1-bathroom upstairs unit located right in the heart of Effingham! This home features a brand new flooring in bedrooms, two parking spots, and a private deck. The property is ideally situated next to the St. Anthony Memorial hospital, a huge perk for healthcare workers or anyone seeking close proximity to medical facilities. This place has everything you need

    801 W St Anthony Ave Unit B, Effingham, IL 62401
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    $1,400 Per Month

    • 3 Beds
    • 1 Bath
    • 1,024 Sq Ft
    • House for Rent

    14103 E Southwind Dr, Effingham, IL 62401

    Move-in ready 3-bedroom, 1-bath ranch on a spacious 0.40-acre lot offers 1,024 sq ft of updated, easy-living space. Step outside to enjoy the covered patio overlooking a big backyard. A large detached storage shed and single-car attached garage with attic storage adds extra convenience. Located just minutes from Central Grade School, this home blends comfort with access to local amenities.

    14103 E Southwind Dr, Effingham, IL 62401

Why Live in Effingham

Effingham, Illinois, known as the "Crossroads of Opportunity," is situated at the intersection of Interstates 57 and 70, making it a central hub for business travel and tourism. With a population of around 12,000, Effingham offers a variety of attractions and annual events that draw visitors from across the region. The city features the notable Cross at the Crossroads, a 198-foot-tall steel structure, and hosts cultural venues like the Effingham Performance Center and the MY Garage Museum, which showcases rare Corvettes and Volkswagens. Effingham's tourism and medical sectors are significant employers, supported by institutions such as HSHS St. Anthony Memorial Hospital and Heartland Dental. The local real estate market is characterized by traditional red brick homes and midcentury-inspired houses, with prices significantly lower than the national median. Effingham's parks, including Community Park and Evergreen Hollow Park, offer amenities like disc golf, tennis courts, and scenic walks. The Workman Sports and Wellness Complex provides indoor swimming and various athletic facilities. Effingham High School is highly rated within the county, contributing to the area's appeal for families. Downtown Effingham features boutique shopping and dining options, while the northwest section hosts larger retail stores. Effingham 2050 is a comprehensive city plan focusing on economic growth and infrastructure improvements.

Frequently Asked Questions

How much does it cost to rent a home in Effingham, IL?
The median rent for a home in Effingham, IL is $1,125 per month, though prices vary by neighborhood, size, and property type. As of July 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 Effingham, IL?
To comfortably afford the median rent in Effingham, IL, a household needs to earn roughly $45,000 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 $1,125 per month in Effingham, IL, renters typically need to show $3,375 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 Effingham, IL?
In Effingham, IL, the price-to-rent ratio is 15.3, 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
3
Median Rent
$1,125
Median Single Family Home Rent
$1,200
Median Condo Rent
$1,050
How to Rent a Home