Rent to own Homes in Toledo, IL

Toledo, IL is a great place for affordable rent-to-own homes! With a median household income of over $51,364 and a median rent of $553, the Toledo, 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 Toledo, 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 Toledo, 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
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
1 of 25 510 S VINE ST
Rent To Own
 
Single Family Home
Arthur, IL 61911
5
2
2505 ft2
1920
New
614 COLLEGE ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Lerna, IL 62440
3
1
1200 ft2
1971
211 RAILROAD ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Trilla, IL 62469
3
1
1314 ft2
1972
14510 WHISPERING OAKS DR
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Charleston, IL 61920
4
3
3534 ft2
1970
1 of 4 6046 LERNA RD
Auction
 
Single Family Home
Mattoon, IL 61938
3
2
1386 ft2
1986
1260 NURSERY RD
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Charleston, IL 61920
3
2
1170 ft2
1950
New
1026 WILLIAMSBURG DR
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Charleston, IL 61920
4
2
2512 ft2
1984
28 TINSBURY
Auction
 
Single Family Home
Mattoon, IL 61938
4
4
5131 ft2
1993
528 ASHBY DR
REO Foreclosure
 
Single Family Home
Charleston, IL 61920
3
3
1675 ft2
1965
2113 STONER DR W
Auction
 
Single Family Home
Charleston, IL 61920
3
1
1056 ft2
1978
1 of 2 100 WOODLAWN AVE
REO Foreclosure
 
Single Family Home
Mattoon, IL 61938
2
1
775 ft2
1967
New
1 of 2 2100 IRONWOOD LN
Auction
 
Single Family Home
Charleston, IL 61920
3
2
1396 ft2
1973
2003 CLEVELAND AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Charleston, IL 61920
3
1
1024 ft2
1956
1417 S 2ND ST
Auction
 
Single Family Home
Mattoon, IL 61938
2
1
1225 ft2
1970
1806 GARFIELD AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Charleston, IL 61920
3
2
1728 ft2
1976
908 STINSON AVE
REO Foreclosure
 
Single Family Home
Mattoon, IL 61938
2
2
1496 ft2
1972
1061 7TH ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Charleston, IL 61920
4
2
2878 ft2
1871
1057 7TH ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Charleston, IL 61920
3
1
1352 ft2
1925
1067 7TH ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Charleston, IL 61920
4
4
1940 ft2
1892
1 of 6 617 ILLINOIS AVE
Auction
 
Single Family Home
Mattoon, IL 61938
3
1
1051 ft2
1950
620 WOODLAWN AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Mattoon, IL 61938
2
1
725 ft2
1950
2372 POND LN
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Mattoon, IL 61938
3
1
1275 ft2
1940
812 S 6TH ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Mattoon, IL 61938
3
2
1468 ft2
1967
716 DAKOTA AVE
REO Foreclosure
 
Single Family Home
Mattoon, IL 61938
2
1
999 ft2
1948
23 W JACKSON AVE
REO Foreclosure
 
Single Family Home
Charleston, IL 61920
3
2
1872 ft2
1918
422 F ST
REO Foreclosure
 
Single Family Home
Charleston, IL 61920
2
1
880 ft2
1919
New
761 8TH ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Charleston, IL 61920
4
2
1940 ft2
1906
1116 S LAWN DR
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Mattoon, IL 61938
2
1
960 ft2
1946
New
751 11TH ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Charleston, IL 61920
4
2
2276 ft2
1962
226 3RD ST
Auction
 
Single Family Home
Charleston, IL 61920
3
2
1251 ft2
1910
New
1014 JACKSON AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Charleston, IL 61920
6
2
2872 ft2
1867
920 S 15TH ST
REO Foreclosure
 
Single Family Home
Mattoon, IL 61938
1
1
501 ft2
1957
1 of 5 109 1ST ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Charleston, IL 61920
3
2
1644 ft2
1888
827 19TH ST
Auction
 
Single Family Home
Charleston, IL 61920
2
1
768 ft2
1976
1013 S 16TH ST
Auction
 
Single Family Home
Mattoon, IL 61938
3
1
2016 ft2
1912
618 14TH ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Charleston, IL 61920
5
1
1694 ft2
1940
800 S 15TH ST
Auction
 
Single Family Home
Mattoon, IL 61938
2
2
1038 ft2
1922
1 of 5 1000 EDGAR AVE
Auction
 
Single Family Home
Mattoon, IL 61938
3
1
2523 ft2
1915
629 S 14TH ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Mattoon, IL 61938
3
1
1372 ft2
1876
New
1106 ADAMS AVE
Auction
 
Single Family Home
Charleston, IL 61920
3
1
1008 ft2
1965
681 EASTGATE DR
REO Foreclosure
 
Single Family Home
Charleston, IL 61920
3
1
1056 ft2
1978
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Buying a Home in Toledo, IL

Toledo, IL is seeing rapid growth and Toledo, IL's' housing market remains optimal with an average home price that is -63% below the 2024 national average. Toledo, IL is part of Cumberland 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 Cumberland is 1.58% which is above the national average, which is 0.99%.

Median Home Price in Toledo, IL

Median Rent in Toledo, IL

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