Cheap Homes for Rent in Tolono, IL from $1,100 (13 Rentals)

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Tolono, IL Local Guide

Cheapest Available Tolono Apartments for Rent and Nearby

 

The cheapest available apartment rental in Tolono, IL is a 1 Bed unit found at Kobuck Apartments priced from $825. The Courtyard on Randolph in the Downtown Champaign neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $925. Here is today’s list of the most affordable Tolono apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Kobuck Apartments1204 Wesley Ave 1bd/1ba1BR,1BA$825
The Courtyard on Randolph2BR/ 1BA2BR,1BA$925
608 E ChalmersFall lease, four bed four bath apartment in Qua...4BR,4BA$1,060
Parkside2 Bedroom 1 Bath - 850 SF2BR,1BA$1,080
307 & 311 W. BirchCanopy1BR,1BA$1,130

Best Value Apartments for Rent in Tolono, IL and Nearby

As of April 29, 2026 the best value apartment in the Tolono area is the $0.80 price per square foot Fall lease, four bed four bath apartment in Qua... Model at 608 E Chalmers in the in the Downtown Champaign neighborhood starting from $1,060. The second greatest value Tolono apartment is the 2517 Leeper Dr Model at Southwest Apartments starting at $1,200 with a $1.00 price per square foot . Here is today’s list of the best values for Tolono apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
608 E ChalmersFall lease, four bed four bath apartment in Qua...4BR,4BA$0.80
Southwest Apartments2517 Leeper Dr2BR,1.5BA$1.00
Windsor West | Specials AvailableNewport w/ Garage2BR,2BA$1.62
The Courtyards @ Prairie Fields2 bedroom2BR,2BA$1.41
Fields South3302 Mission Dr2BR,2BA$1.67
The Courtyard on Randolph2BR/ 1BA2BR,1BA$1.09
Parkside2 Bedroom 1 Bath 850 SF Upgrade2BR,1BA$1.42
Sterling on First2x2 Chrome2BR,2BA$1.60
Kobuck Apartments1203 Wesley Ave 1bd/1ba1BR,1BA$1.58
1008 S. 4thB32BR,2BA$1.56

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Tolono

What type of rentals are currently available in Tolono?

There are currently 57 Apartments for Rent in Tolono, IL with pricing that ranges from $600 to $3,800. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Tolono ranging from $1,100 to $3,600.

What is the current price range for Rental Homes in Tolono?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Tolono ranges from $1,100 to $3,600 with an average monthly rent of $2,212.

How much are larger Three and Four Bedroom Rentals in Tolono?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Tolono range from $600 to $2,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $3,000. Four Bedroom Single-Family rentals are also available starting from $2,095 and Four Bedroom Apartments start at $799.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.