Homes & Apartments for Rent in Lincoln, IL

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What to Know About

Life in Lincoln & Beyond

Lincoln shares many of the great qualities that make Illinois a desirable place to live.

Illinois is known for its rich cultural heritage, lively urban centers, and beautiful countryside landscapes. Explore the state's cultural heritage by visiting renowned museums such as the Lincoln Presidential Library and Museum, the Field Museum of Natural History, the Museum of Science and Industry, and the Art Institute of Chicago. The state also has a thriving theater and art scene, including the renowned Steppenwolf Theatre Company in Chicago. Illinois is also home to respected universities like the University of Illinois at Urbana-Champaign and Northwestern University.

Outdoor enthusiasts will love the scenic beauty of the Shawnee National Forest and the adventure-filled trails of the Starved Rock State Park. Sports fans will be in their element in Illinois, cheering on the Chicago Bears (NFL), Chicago Blackhawks (NHL), Chicago Cubs (MLB), Chicago White Sox (MLB), and Chicago Bulls (NBA). Experience famous attractions like the Willis Tower, Navy Pier, and the Lincoln Park Zoo. Also, enjoy the musicals and plays at Broadway-in-Chicago, festivals throughout the summer months, and culinary tours of the local restaurants.

With its vibrant cultural scene, exciting entertainment options, and top-notch educational opportunities, Illinois offers a high quality of life, making it a great place to live.

Rental Market Trends

Lincoln, IL

As of June 2026, Lincoln's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Lincoln's average rent is 52.4% ($887) lower than the Illinois average of $1,694 and 55.1% ($990) lower than the U.S. average of $1,797.

Average Rent
$807
Monthly ChangeMonth Over Month Change
Increased2.2% ($17)
Yearly ChangeYear Over Year Change
No change
Avg. Days on MarketAverage Days on Market
40
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $663 Increased0.6% ($4) No change
2 Beds $831 Increased0.6% ($5) No change
3 Beds $945 No change No change
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Lincoln Rental Market FAQs

Explore rental prices, market trends, and availability in Lincoln, IL.

The average rent in Lincoln, IL is $807 per month.
Homes in Lincoln typically rent for between $600 and $1,229 per month, with an average of $807 per month.
In Lincoln, the average rent for a 1-bedroom home is $663 per month, for a 2-bedroom home, $831 per month, and a 3-bedroom home is $945 per month.
The average rent in Lincoln is 55.1% ($990) lower than the national average of $1,797 per month.
The rental market in Lincoln, IL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Lincoln, IL, the average rental stays on the market for approximately 40 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 2 rental properties available in Lincoln, IL.
Based on the current averages, a household would need an annual income of $33,240 to comfortably afford a 2-bedroom home in Lincoln.
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