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Newest Homes for Rent in Tolono, IL

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  • 405 E Larmon St, Tolono, IL 61880
    405 E Larmon St, Tolono, IL 61880
    405 E Larmon St, Tolono, IL 61880
    /14

    $2,250 Per Month

    • 3 Beds
    • 2 Baths
    • 1,262 Sq Ft
    • House for Rent

    405 E Larmon St, Tolono, IL 61880

    Free Application: Apply online at then call to schedule a showing M-F 9a-4p at .Property Highlights: Brand New construction home in Tolono Unit 7 School District featuring 3 bedrooms 2 full bathrooms and 2 car garage ready to move in! Well designed plan with open concept kitchen, dining room and living room. Off of the garage is laundry/mud room. Vinyl Plank

    405 E Larmon St, Tolono, IL 61880
  • 207 W Vine St, Tolono, IL 61880
    207 W Vine St, Tolono, IL 61880
    207 W Vine St, Tolono, IL 61880
    /23

    $1,525 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,200 Sq Ft
    • 3-bed, 2.5-bath townhouse in Tolono!

    207 W Vine St, Tolono, IL 61880

    This great 3-bed, 2.5-bath townhouse is a rare find in Tolono. The home has a large living room, eat-in kitchen, and half bath on the first floor. The second floor has a master suite with a full bath, and two additional bedrooms along with a separate full bath. The home has a backyard with a patio that is great for entertaining, as well as a one-car attached garage. Finally, the home has an

    207 W Vine St, Tolono, IL 61880
Illinois Champaign County Tolono

Newest Homes for Rent in Tolono, IL

Frequently Asked Questions

How much does it cost to rent a home in Tolono, IL?
The median rent for a home in Tolono, IL is $1,887 per month, though prices vary by neighborhood, size, and property type. As of July 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Tolono, IL?
To comfortably afford the median rent in Tolono, IL, a household needs to earn roughly $75,480 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 $1,887 per month in Tolono, IL, renters typically need to show $5,661 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 Tolono, IL?
In Tolono, IL, the price-to-rent ratio is 10.9, 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 Tolono, IL are best for renting a home?
The best neighborhood for renting in Tolono, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Clark, Southeast Urbana, Hill Street East, Parkland Ridge and Cherry Hills, each with its own character and price range.

Rental Trends in Tolono, IL

There are currently 2 homes available for rent in Tolono, IL. The median rent is $1,887 per month, with single-family homes renting at $1,888.

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$1,887
Median Single Family Home Rent
$1,888
How to Rent a Home

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