3

Mahomet, IL Condos for Rent

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  • /9

    $1,345

    Total Monthly Price

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

    701 N Prairieview Rd Unit 8, Mahomet, IL 61853

    This 2-bedroom, 2-bathroom property located at 701 N Prairieview Rd offers 1,000 square feet of living space. The living room features a fireplace and tile floors, providing a comfortable area for relaxation. Each bedroom includes walk-in closets for ample storage. The kitchen is equipped with a dishwasher and includes essential appliances. The bathrooms are designed for convenience and

    701 N Prairieview Rd Unit 8, Mahomet, IL 61853
  • /18

    $975

    Total Monthly Price

    • 2 Beds
    • 2 Baths
    • 900 Sq Ft
    • Condo for Rent

    1106 Heather Dr Unit 3, Mahomet, IL 61853

    This 2-bedroom, 2-bathroom property at 1106 Heather Dr offers 900 square feet of living space. The living room provides a comfortable area for relaxation, while the eat-in kitchen includes a dishwasher for convenience. Each bedroom is designed for privacy and functionality, with ample closet space. The bathrooms are equipped with essential fixtures. Additional amenities include air conditioning

    1106 Heather Dr Unit 3, Mahomet, IL 61853
  • /6

    $925

    Total Monthly Price

    • 2 Beds
    • 1.5 Baths
    • 850 Sq Ft
    • Condo for Rent

    407 E Franklin St Unit 2, Mahomet, IL 61853

    This 2-bedroom, 1.5-bathroom property at 407 Franklin St offers 850 square feet of living space. The living room provides a comfortable area for relaxation, while the kitchen is equipped with a dishwasher for convenience. Each bedroom is adequately sized, suitable for various furniture arrangements. The bathroom features essential fixtures, and an additional half-bath adds convenience for guests.

    407 E Franklin St Unit 2, Mahomet, IL 61853

Frequently Asked Questions

How much does it cost to rent a condo in Mahomet, IL?
The median rent for a condo in Mahomet, IL is $975 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Mahomet, IL?
To comfortably afford the median rent in Mahomet, IL, a household needs to earn roughly $78,000 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 $1,950 per month in Mahomet, IL, renters typically need to show $5,850 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 Mahomet, IL?
In Mahomet, IL, the price-to-rent ratio is 16.3, 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.
What neighborhoods in Mahomet, IL are best for renting a condo?
The best neighborhood for renting in Mahomet, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Downtown Champaign, Garden Park, West Urbana, Crystal Lake and Historic East Urbana, each with its own character and price range.

Rental Home Trends

Number of Condos for Rent
3
Median Condo Rent
$975
Median 2 Bedroom Condo Rent
$975
How to Rent a Home