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Newest Homes for Rent in Tolono, IL

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  • 305 N Elizabeth St Unit 1, Tolono, IL 61880
    305 N Elizabeth St Unit 1, Tolono, IL 61880
    305 N Elizabeth St Unit 1, Tolono, IL 61880
    /31

    $1,195 Per Month

    • 2 Beds
    • 1 Bath
    • 850 Sq Ft
    • Condo for Rent

    305 N Elizabeth St Unit 1, Tolono, IL 61880

    Welcome to the newly remodeled 2Bed/1Bath unit in the charming town of Tolono, IL. This apartment offers two spacious bedrooms and a full bathroom, perfect for those who value comfort and convenience. The unit is beautifully finished with luxury vinyl plank flooring, adding a touch of elegance to your living space. The apartment also comes with on-site parking, ensuring your vehicle is always

    305 N Elizabeth St Unit 1, Tolono, IL 61880
  • 305 N Elizabeth St Unit 3, Tolono, IL 61880
    305 N Elizabeth St Unit 3, Tolono, IL 61880
    305 N Elizabeth St Unit 3, Tolono, IL 61880
    /14

    $1,195 Per Month

    • 2 Beds
    • 1 Bath
    • 850 Sq Ft
    • Condo for Rent

    305 N Elizabeth St Unit 3, Tolono, IL 61880

    Welcome to the newly remodeled 2Bed/1Bath unit in the charming town of Tolono, IL. This apartment offers two spacious bedrooms and a full bathroom, perfect for those who value comfort and convenience. The unit is beautifully finished with luxury vinyl plank flooring, adding a touch of elegance to your living space. The apartment also comes with on-site parking, ensuring your vehicle is always

    305 N Elizabeth St Unit 3, Tolono, IL 61880
  • 212 E Marshall St, Tolono, IL 61880
    212 E Marshall St, Tolono, IL 61880
    212 E Marshall St, Tolono, IL 61880
    /20

    $1,250 Per Month

    • 2 Beds
    • 1 Bath
    • 720 Sq Ft
    • House for Rent

    212 E Marshall St, Tolono, IL 61880

    Stop Scrolling... Your Next Home Might Be Right Here! Looking for a home that's full of charm, comfort, and value? You've found it!Located in the highly sought-after Unit 7 School District, this cozy home is perfect for first-time buyers, small families, or anyone looking for a place to call their own.You'll love:A smart, functional 2 bedroom 1 bath floor planA

    212 E Marshall St, Tolono, IL 61880
Illinois Champaign County

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 $1,195 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 Tolono, IL?
To comfortably afford the median rent in Tolono, IL, a household needs to earn roughly $47,800 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 $1,195 per month in Tolono, IL, renters typically need to show $3,585 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 15.7, 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, Hill Street East, West Haven, Southeast Urbana and Downtown Champaign, each with its own character and price range.

Rental Trends in Tolono, IL

There are currently 3 homes available for rent in Tolono, IL. The median rent is $1,195 per month, with single-family homes renting at $1,250 and condos at $1,195.

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$1,195
Median Single Family Home Rent
$1,250
Median Condo Rent
$1,195
How to Rent a Home

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