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Newest Homes for Rent in Lincoln, IL

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  • 1103 N State St, Lincoln, IL 62656
    1103 N State St, Lincoln, IL 62656
    1103 N State St, Lincoln, IL 62656
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    Starting at $462 Per Month

    • 1 - 3 Beds

    1103 N State St, Lincoln, IL 62656

    Brainard Landings offers a variety of 1-, 2-and 3-bedroom floor plans designed to fit your lifestyle! Our thoughtfully designed apartments offer distinctive open floorplans, fully equipped kitchens, spacious closets with organizers, and private patios or balconies for your enjoyment. Take advantage of outstanding community amenities including a clubhouse with a refreshing swimming pool, fitness

    Brainard Landings

    (217) 978-4403

    1103 N State St, Lincoln, IL 62656
  • 703 12th St, Lincoln, IL 62656
    703 12th St, Lincoln, IL 62656
    703 12th St, Lincoln, IL 62656
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    $1,200

    Total Monthly Price

    • 3 Beds
    • 1 Bath
    • 1,020 Sq Ft
    • House for Rent

    703 12th St, Lincoln, IL 62656

    Recently remodeled 3 bedroom with detached garage and partial basement. Pet friendly, central air. Washer and dryer hookups in basement.

    703 12th St, Lincoln, IL 62656
  • 1455 Castle Manor Dr, Lincoln, IL 62656
    1455 Castle Manor Dr, Lincoln, IL 62656
    1455 Castle Manor Dr, Lincoln, IL 62656
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    Starting at $400 Per Month

    • 1 - 2 Beds

    1455 Castle Manor Dr, Lincoln, IL 62656

    Lincoln Senior Flats is a 55+ community, we do accept household members that are not of that age as long as the Head of household is 55+. Open now! A beautiful community that offers 1 bed and 1 bath floor plan and 2 bed and 2 bath floor plan. We will offer on-site property management and maintenance staff. We are a pet friendly community with wonderful amentities such as a large community room

    Lincoln Senior Flats

    (217) 651-6828

    1455 Castle Manor Dr, Lincoln, IL 62656
  • 1026 N Jefferson St, Lincoln, IL 62656
    1026 N Jefferson St, Lincoln, IL 62656
    1026 N Jefferson St, Lincoln, IL 62656
    /35

    $2,000

    Total Monthly Price

    • 2 Beds
    • 2 Baths
    • 1,000 Sq Ft
    • Townhouse for Rent

    1026 N Jefferson St, Lincoln, IL 62656

    Fully furnished 2-bedroom in Lincoln, IL with month-to-month lease and all utilities included. Conveniently located near Lincoln Memorial Hospital, local wind farm projects, and Amtrak service with easy access to Springfield, Bloomington, and Decatur — perfect for relocating employees and traveling professionals.

    1026 N Jefferson St, Lincoln, IL 62656
  • 1026 N Jefferson St, Lincoln, IL 62656
    1026 N Jefferson St, Lincoln, IL 62656
    1026 N Jefferson St, Lincoln, IL 62656
    /35

    $2,000

    Total Monthly Price

    • 2 Beds
    • 2 Baths
    • 1,000 Sq Ft
    • Townhouse for Rent

    1026 N Jefferson St, Lincoln, IL 62656

    Fully furnished 2-bedroom in Lincoln, IL with month-to-month lease and all utilities included. Conveniently located near Lincoln Memorial Hospital, local wind farm projects, and Amtrak service with easy access to Springfield, Bloomington, and Decatur — perfect for relocating employees and traveling professionals.

    1026 N Jefferson St, Lincoln, IL 62656
Illinois Logan County Lincoln

Newest Homes for Rent in Lincoln, IL

Frequently Asked Questions

How much does it cost to rent a home in Lincoln, IL?
The median rent for a home in Lincoln, IL is $1,200 per month, though prices vary by neighborhood, size, and property type. As of May 2026, single-family homes tend to be the most affordable option while townhouses are currently more expensive.
How much do you need to make to afford rent in Lincoln, IL?
To comfortably afford the median rent in Lincoln, IL, a household needs to earn roughly $48,000 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 $1,200 per month in Lincoln, IL, renters typically need to show $3,600 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 Lincoln, IL?
In Lincoln, IL, the price-to-rent ratio is 8.7, 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 in Lincoln, IL

There are currently 5 homes available for rent in Lincoln, IL. The median rent is $1,200 per month, with single-family homes renting at $1,200 and townhouses at $1,500.

Rental Home Trends

Number of Homes for Rent
5
Median Rent
$1,200
Median Single Family Home Rent
$1,200
Median Townhouse Rent
$1,500
How to Rent a Home

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