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Studio Apartments for Rent in Mattoon, IL

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    Starting at $664 Per Month

    • Studio

    4213 Lake Land Blvd, Mattoon, IL 61938

    Looking for a place to live near Lake Land College? Laker Landing is located right on Lake Land Blvd in Mattoon, Illinois — just 3 minutes from campus, so you spend less time commuting and more time focused on school.We offer studio, efficiency, 1-bedroom, and 2-bedroom apartments to fit any budget or living situation — whether you're living solo or splitting with a roommate. Every unit

    Laker Landing

    4213 Lake Land Blvd, 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 $1,079 per month, though prices vary by neighborhood, size, and property type. As of August 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 $43,160 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 $1,079 per month in Mattoon, IL, renters typically need to show $3,237 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 10.2, 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 Home Trends

Number of Homes for Rent
1
Median Rent
$1,079
Median Single Family Home Rent
$10,140
Median Condo Rent
$1,005
How to Rent a Home