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Hoopeston, IL Homes for Rent

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    Call for Price

    • 2 Beds
    • 1 Bath
    • 1,049 Sq Ft
    • House for Rent

    419 N Market St, Hoopeston, IL 60942

    419 N Market St, Hoopeston, IL 60942
  • /13

    $875 Per Month

    • 2 Beds
    • 1 Bath
    • 426 Maple-W

    426 W Maple St, Hoopeston, IL 60942

    ?? 2-Bedroom Home for Rent – 426 W Maple St, Hoopeston, ILLocated at 426 W Maple St, this 2-bedroom, 1-bath home offers comfortable living space with practical features and everyday convenience.Property Highlights• 2 bedrooms / 1 bathroom• Plank flooring• Spacious rooms• Detached 1-car garage• Nice-sized yard• Comfortable layout for everyday living•

    426 W Maple St, Hoopeston, IL 60942

Why Live in Hoopeston

Hoopeston, Illinois, embodies the essence of small-town living with its vast farmlands and local businesses. Agriculture and manufacturing are central to the local economy, with companies like Teasdale Latin Foods and Silgan Containers playing significant roles. The city is known for its 20th-century single-family homes, including bungalows, ranch-style houses, and American Foursquares, often set on grassy, tree-shaded lots. McFerren Park is a key community space, offering tennis courts, baseball fields, a skate park, and a swimming pool, making it a hub for recreation and local gatherings. The city also features other parks with playgrounds and green spaces. Downtown Hoopeston, centered around Market and Main streets, includes local businesses like 112 Wine and Coffee Shoppe, Boxcar Books and Vinyl, and the historic Lorraine Theatre. The city hosts annual events such as the Sweetcorn Festival, which celebrates its agricultural heritage with activities like a demolition derby and live music. State routes 1 and 9 connect Hoopeston to nearby cities like Danville and Champaign, while the University of Illinois Willard Airport is 60 miles away. The city’s renewable energy sector is highlighted by the Hoopeston Wind Farm, contributing to the local economy alongside traditional industries. Residents benefit from the Carle Hoopeston Regional Health Center for healthcare needs. The community's reliance on cars is complemented by the allowance of golf carts within city limits, reflecting its unique small-town charm.

Frequently Asked Questions

How much does it cost to rent a home in Hoopeston, IL?
The median rent for a home in Hoopeston, IL is $700 per month, though prices vary by neighborhood, size, and property type. As of June 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Hoopeston, IL?
To comfortably afford the median rent in Hoopeston, 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 Hoopeston, 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 Hoopeston, IL?
In Hoopeston, IL, the price-to-rent ratio is 9.2, 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 Hoopeston, IL

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$700
Median Single Family Home Rent
$700
How to Rent a Home