[4] The community was established circa 1876 by George D. Smith as a station on the Chicago, Pekin and Southwestern Railroad.

Smith named the town for his birthplace Verona, New York.

[5] According to the 2021 census gazetteer files, Verona has a total area of 0.17 square miles (0.44 km2), all land.

There were 90 housing units at an average density of 545.45 per square mile (210.60/km2).

47.06% of all households were made up of individuals, and 14.29% had someone living alone who was 65 years of age or older.