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Lena, IL Home for Rent

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    $700 Per Month

    • 1 Bed
    • 1 Bath
    • 550 Sq Ft
    • 118 E Railroad, Apt#6-Apt#6

    118 E Railroad St Unit 6, Lena, IL 61048

    For Rent, 1 Bedroom apartment with utilities included.118 E Railroad, Lena. On the 3rd floor.Pets ok with approval. Free laundry.$700 rent. $700 move in fee.Parking lot. Big yard. Shopping and Banking near by.We are seeking a long term renter - 2 year lease.$20 online applicationAnd Setup a Showing atAppliances & Features: Stove

    118 E Railroad St Unit 6, Lena, IL 61048

Why Live in Lena

Lena, a village in northwestern Illinois with a population of around 3,000, has a rich history shaped by the arrival of railroads in the mid-1800s. This development allowed the community to grow as a commercial hub for the surrounding rural area. Today, Lena offers a blend of slow-paced living with convenient amenities, including multiple restaurants, a grocery store, medical care, and a well-regarded school district. The Lena-Winslow schools, located on Fremont Street, are highly rated and known for their strong athletics and academics. The village features historical homes on Oak and Mason Streets, showcasing American Foursquares and Queen Annes, alongside newer split-level and ranch-style homes. Lena’s walkable downtown along West Railroad and West Main streets hosts various businesses and dining options, such as Saporito’s Pizzeria and Mulligan’s Bar & Grill. For things to do, residents can enjoy Coach’s Golf & Grill, the Lena Brewing Company taproom, and year-round recreational activities at Lions Park and Dodds Park. The nearby Lake Le-Aqua-Na State Recreation Area offers additional outdoor activities. Community events include a fall festival and a Christmas parade on Main Street. Transportation is facilitated by State Route 73, U.S. Route 20, and the PCAT bus service, with Freeport 15 miles away and Chicago Rockford International Airport about 45 miles east.

Frequently Asked Questions

How much does it cost to rent a home in Lena, IL?
The median rent for a home in Lena, IL is $700 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 Lena, IL?
To comfortably afford the median rent in Lena, 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 Lena, 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 Lena, IL?
In Lena, IL, the price-to-rent ratio is 23.2, 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 Lena, IL

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$700
Median Condo Rent
$700
How to Rent a Home