Rent to own Homes in Mattoon, IL

Mattoon is located in Coles County, Illinois and had a population of 18,555 in 2010. The city was nicknamed the Bagel Capital of the World because it is home to the world's largest bagel and holds the distribution facility for Lender's Bagels. Mattoon hosts an annual three-day festival that honors the city's significance in the bagel industry with nationally recognized musicians, carnival rides for kids and dancing for adults.

Mattoon, IL is a great place for affordable rent-to-own homes! With a median household income of over $40,576 and a median rent of $627, the Mattoon, IL rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Mattoon, IL. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Mattoon, IL rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
Hot
307 N ILLINOIS ST
Rent To Own
 
Single Family Home
Toledo, IL 62468
2
1
1032 ft2
1934
1 of 25 510 S VINE ST
Rent To Own
 
Single Family Home
Arthur, IL 61911
5
2
2505 ft2
1920
Hot
1 of 29 1291 COUNTY ROAD 275 N
Rent To Own
 
Single Family Home
Jewett, IL 62436
3
2
2600 ft2
1995
512 E BRENTWOOD AVE
Rent To Own
 
Single Family Home
Effingham, IL 62401
2
1
820 ft2
1952
Hot
1 of 14 612 W MAIN ST
Rent To Own
 
Single Family Home
Bethany, IL 61914
2
1
1240 ft2
1971
Hot
1 of 22 809 E LARMON ST
Rent To Own
 
Single Family Home
Tolono, IL 61880
3
3
2126 ft2
2001
1 of 57 2625 DAY DR
Rent To Own
 
Single Family Home
Decatur, IL 62521
4
5
3390 ft2
2005
1 of 15 435 BELL ST
Rent To Own
 
Single Family Home
Mt Zion, IL 62549
3
2
2600 ft2
1904
1605 FLEETWOOD CT
Rent To Own
 
Single Family Home
Mt Zion, IL 62549
3
1
1754 ft2
1973
515 W WILDWOOD DR
Rent To Own
 
Single Family Home
Mt Zion, IL 62549
3
3
1714 ft2
1972
1 of 37 4620 E GLENWOOD DR
Rent To Own
 
Single Family Home
Decatur, IL 62521
5
4
4200 ft2
2006
1 of 11 704 Shorewood Dr. #1
Rent To Own
Shorewood
Multifamily (2 - 4 Units)
Decatur, IL 62521
2
2
1154 ft2
1984
1 of 28 7986 MACCORY DR
Rent To Own
 
Single Family Home
Oreana, IL 62554
3
1
1176 ft2
1962
Hot
103 N WALNUT ST
Rent To Own
 
Single Family Home
Saint Elmo, IL 62458
4
4
2496 ft2
1895
Hot
403 N GRAY ST
Rent To Own
 
Single Family Home
Sidell, IL 61876
2
1
1100 ft2
1900
1 of 20 5415 PIN OAK LN
Rent To Own
 
Single Family Home
Decatur, IL 62521
4
4
1900 ft2
2001
1 of 9 184 E.Claremont St.
Rent To Own
 
Multifamily (2 - 4 Units)
Argenta, IL 62501
3
3
2210 ft2
2001
2620 DEWITT AVE
REO Foreclosure
 
Single Family Home
Mattoon, IL 61938
2
1
1320 ft2
1920
1516 RICHMOND AVE
REO Foreclosure
 
Townhouse/Condo
Mattoon, IL 61938
2
6
3278 ft2
1856
2912 DEWITT AVE
Auction
 
Single Family Home
Mattoon, IL 61938
4
1
1622 ft2
1920
3101 WALNUT AVE
REO Foreclosure
 
Single Family Home
Mattoon, IL 61938
3
2
1290 ft2
1950
620 WOODLAWN AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Mattoon, IL 61938
2
1
725 ft2
1950
721 N 29TH ST
Auction
 
Single Family Home
Mattoon, IL 61938
3
2
2501 ft2
1957
716 DAKOTA AVE
REO Foreclosure
 
Single Family Home
Mattoon, IL 61938
2
1
999 ft2
1948
1 of 5 3224 MARSHALL AVE
Auction
 
Single Family Home
Mattoon, IL 61938
2
1
1262 ft2
1901
512 N 23RD ST
Auction
 
Single Family Home
Mattoon, IL 61938
2
1
1226 ft2
1916
1309 CHAMPAIGN AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Mattoon, IL 61938
2
1
1168 ft2
1896
3232 SHELBY AVE
REO Foreclosure
 
Single Family Home
Mattoon, IL 61938
3
2
951 ft2
1911
812 S 6TH ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Mattoon, IL 61938
3
2
1468 ft2
1967
2721 DEWITT AVE
REO Foreclosure
 
Single Family Home
Mattoon, IL 61938
3
1
1300 ft2
1906
1 of 12 2905 RICHMOND AVE
Auction
 
Single Family Home
Mattoon, IL 61938
2
1
1904 ft2
1937
3113 CHAMPAIGN AVE
REO Foreclosure
 
Single Family Home
Mattoon, IL 61938
3
2
1454 ft2
1913
3117 PRAIRIE AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Mattoon, IL 61938
3
3
2288 ft2
1916
920 S 15TH ST
REO Foreclosure
 
Single Family Home
Mattoon, IL 61938
1
1
501 ft2
1957
1 of 2 100 WOODLAWN AVE
REO Foreclosure
 
Single Family Home
Mattoon, IL 61938
2
1
775 ft2
1967
800 S 15TH ST
Auction
 
Single Family Home
Mattoon, IL 61938
2
2
1038 ft2
1922
1 of 10 2717 COMMERCIAL AVE
Auction
 
Single Family Home
Mattoon, IL 61938
1
1
881 ft2
1940
1 of 5 1000 EDGAR AVE
Auction
 
Single Family Home
Mattoon, IL 61938
3
1
2523 ft2
1915
New
1 of 17 1604 MARSHALL AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Mattoon, IL 61938
2
1
1267 ft2
1877
217 DEWITT AVE
REO Foreclosure
 
Single Family Home
Mattoon, IL 61938
3
1
775 ft2
1926
1313 EDGAR AVE
REO Foreclosure
 
Single Family Home
Mattoon, IL 61938
4
2
2656 ft2
1902
1721 LAFAYETTE AVE
REO Foreclosure
 
Single Family Home
Mattoon, IL 61938
4
2
2476 ft2
1857
2200 RICHMOND AVE
REO Foreclosure
 
Single Family Home
Mattoon, IL 61938
4
2
2321 ft2
1856
408 LAKE LAND BLVD
REO Foreclosure
 
Single Family Home
Mattoon, IL 61938
4
3
1708 ft2
1892
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Neighborhoods in Mattoon, IL

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Popular Zip Codes in Mattoon, IL

61938 rent to own homes

Buying a Home in Mattoon, IL

Mattoon, IL is seeing rapid growth and Mattoon, IL's' housing market remains optimal with an average home price that is -61% below the 2024 national average. Mattoon, IL is part of Coles county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Coles is 1.96% which is above the national average, which is 0.99%.

Median Home Price in Mattoon, IL

Median Rent in Mattoon, IL

Rent to own homes offer low monthly payments and flexible terms.

Top 5 Reasons to Live in Mattoon, IL

Seasonal family fun! When the weather turns chilly, there are still plenty of things to do outdoors. Visit one of the numerous local pumpkin patches, like The Great Pumpkin Patch open from late September through Halloween. Apple picking is also a fun winter family activity, there are plenty of choice orchard in the area. Okaw Valley Orchard features several delicious varieties of apple, as well as a picturesque picnic area and playground for the kids.

Numerous Festivals: Held in July, the Big Bagel Breakfast draws thousands of spectators, as professional food eaters and local residents scarf down as many bagels as they can in five minutes. Mattoon also knows how to celebrate the holidays. Get in the spirit with Matton Lightworks, a yearly festival of lights in Peterson Park.

Great Outdoor Activities! Instead of trying to find a lost golf ball in thick brush or in a deep sand trap, visitors to the Meadowview Golf Course must search among the numerous cornstalks. The 18-hole course has been rated one of the best in Illinois and routinely challenges even the most experienced of golfers. Stop by the Mattoon Parks and Recreation Department to learn about youth and adult sports leagues for basketball, baseball, ultimate frisbee and even cricket.

Wide open housing opportunities! Because banks never want to sit on a property for too long in hopes of recouping their money, the real estate market in Mattoon is a home buyer's best friend. Make an aggressive offer on a foreclosed home to secure a deal that is below market value. The best homes can be had in areas like Loxa and Lerna.

Affordable Homes! In many places of the United States, $82,555 would only buy you half a house, but in Mattoon, this is the median price of homes for sale in the city. Capitalize on the numerous rent to own homes available by looking in neighborhoods like Marshall Ave and Lakeland Blvd.