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Mattoon, IL Homes for Rent

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  • /28

    Starting at $559 Per Month

    • 1 - 3 Beds

    2504 Buxton Dr, Mattoon, IL 61938

    When you call Coles Crossing Apartments home, you’ll find yourself surrounded in a park-like setting nestled in a quiet community. Our spacious units include one, two and three bedroom apartment floor plans along with a variety of great amenities. Our professional on-site management and 24-hour maintenance team will assist you in meeting all of your needs.

    Coles Crossing Apartments

    2504 Buxton Dr, 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
  • /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

Why Live in Mattoon

Mattoon, Illinois, a small city in eastern Illinois, offers a relaxed lifestyle with easy access to urban amenities. Established in 1861 as a transportation hub, Mattoon still celebrates its rail heritage, though Amtrak is the only active line today. With over 16,000 residents, the city benefits from major employers like Sarah Bush Lincoln Health Center and Rural King, contributing significantly to the local workforce. Housing options are diverse, featuring mainly single-family ranch-style homes on expansive lots, multi-family condos, and restored Victorian homes. The competitive market sees homes selling faster than the national average. Mattoon boasts several parks, including Peterson Park with its playground and baseball field, and Lawson Park, which offers sports facilities and a modern jungle gym. Mattoon Lanes provides entertainment with bowling lanes and arcade games, while the private Mattoon Golf & Country Club caters to golf enthusiasts. The city experiences all four seasons, with humid summers and cold winters. Annual events like the Mattoon Lightworks at Peterson Park attract thousands of visitors, fostering a strong sense of community. Mattoon Community Unit School District No. 2 serves local families, and Lake Land College offers higher education opportunities. Residents shop at major retailers along Highway 16 and enjoy dining at family-owned eateries downtown. The city is well-connected via U.S. Route 45, Highway 16, and U.S. Interstate 57, with public transportation available through Dial-A-Ride and Amtrak services. Mattoon is safer than the national average, with property crime rates falling and violent crime rates remaining below national figures.

Frequently Asked Questions

How much does it cost to rent a home in Mattoon, IL?
The median rent for a home 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.

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$975
Median Single Family Home Rent
$19,200
Median Condo Rent
$975
How to Rent a Home