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Mattoon, IL Condos for Rent

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  • 1413 Wabash Ave Unit 2, Mattoon, IL 61938
    1413 Wabash Ave Unit 2, Mattoon, IL 61938
    1413 Wabash Ave Unit 2, Mattoon, IL 61938
    /19

    $1,200

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 500 Sq Ft
    • Condo for Rent

    1413 Wabash Ave Unit 2, Mattoon, IL 61938

    Excellent Location, modern amenities, quiet location, excellent neighbors. Plenty of parking available, 1 block from downtown. Units are all-inclusive. Property owner pays electric, gas, water, trash.

    1413 Wabash Ave Unit 2, Mattoon, IL 61938
  • 2200 Richmond Ave Unit Upstairs N, Mattoon, IL 61938
    2200 Richmond Ave Unit Upstairs N, Mattoon, IL 61938
    2200 Richmond Ave Unit Upstairs N, Mattoon, IL 61938
    /22

    $750

    Total Monthly Price

    • Studio
    • 1 Bath
    • 500 Sq Ft
    • Condo for Rent

    2200 Richmond Ave Unit Upstairs N, Mattoon, IL 61938

    Recent interior renovation on this studio apartment. Upkeep manages this project as well as this lease's needs. Upkeep prides itself on having some of the nicest finishes as well as fastest response times in town. This building is undergoing interior and exterior renovations. This apartment is complete and ready to go. Exterior will be a modern dark american farmhouse style - black with

    2200 Richmond Ave Unit Upstairs N, Mattoon, IL 61938
Illinois Coles County

Condos for Rent in Mattoon, IL

Frequently Asked Questions

How much does it cost to rent a condo in Mattoon, IL?
The median rent for a condo in Mattoon, 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 are currently more expensive.
How much do you need to make to afford rent in Mattoon, IL?
To comfortably afford the median rent in Mattoon, IL, a household needs to earn roughly $39,000 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 $975 per month in Mattoon, IL, renters typically need to show $2,925 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 Mattoon, IL?
In Mattoon, IL, the price-to-rent ratio is 11.5, 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.

Condo Rental Trends in Mattoon, IL

There are currently 2 condos available for rent in Mattoon, IL. The median rent is $975 per month, with 1-bedroom condos renting at $1,200.

Rental Home Trends

Number of Condos for Rent
2
Median Condo Rent
$975
Median 1 Bedroom Condo Rent
$1,200
How to Rent a Home

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