Tolono is a village in Champaign County, Illinois, United States. The population was 2,700 at the 2000 census. Its name was fabricated by J.B. Calhoun, land commission of the Illinois Central Railroad, who wrote about it simply: ' placed the vowel o three times, thus o-o-o, and filling in with the consonants t-l-n.' Tolono apartments for rent comparison page shows most up to date rent information on Tolono apartments and houses. Rent information is obtained from multiple rental sources but we cannot guarantee their accuracy.