Average Rent in Montgomery IL
2 apartment buildings, 10 units. Real prices pulled from each property's leasing system this morning.
Avg Rent
$2,043/mo
Cheapest
$1,725/mo
Properties
2
Units
10
Analysis
Rent Price Breakdown
Compare pricing across all 2 properties in Montgomery IL.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Montgomery IL Rent Prices
All 2 properties ranked by lowest available rent.
The Onyx on Victoria
834 Victoria Dr, Montgomery, IL 60538, USA
Montgomery Place Apartments
1175 Reading Dr, Montgomery, IL 60538, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | The Onyx on Victoria 834 Victoria Dr, Montgomery, IL 60538, USA | $1,725 | $1,725 | $1.78 | 3.6 | 1 |
| 2 | Montgomery Place Apartments 1175 Reading Dr, Montgomery, IL 60538, USA | $1,770 | $2,078 | $2.14 | 4.6 | 9 |
Explore Each Property
Montgomery IL Average Rent Prices 2026
The average rent in Montgomery IL is $2,043 per month, based on 10 units across 2 apartment communities. Prices range from $1,725 at The Onyx on Victoria to $1,770 at Montgomery Place Apartments.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| 1 Bed | $1,796/mo | $1,770/mo | 3 |
| 2 Bed | $2,086/mo | $1,725/mo | 6 |
| 3 Bed | $2,524/mo | $2,524/mo | 1 |
Every price comes directly from each property's leasing system, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Market Context
Who rents in Montgomery IL, and what they pay
Tracked one-bedroom rent in Montgomery IL averages $1,796/mo, with two-bedroom units averaging $2,086/mo. At the local median household income of $96,985, that works out to 25% of gross income, well within the 25 percent comfortable-rent threshold.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Montgomery IL at $1,897/mo. The current tracked market average runs 8% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Montgomery IL while the tracked market average covers units currently listed in larger apartment communities.
What salary do I need to live comfortably in Montgomery IL?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$82,000/year
30 percent rule -- using our average rent of $2,043/mo.
Comfortable income
$98,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,725/mo), you need to earn at least $69,000/year.
Median household income in Montgomery IL is $96,985 , about 1% below the comfortable-living threshold.
Cost of living in Montgomery IL
Overall prices in Montgomery IL runs above the national average by about 2% (BEA Regional Price Parity index 102.5, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Montgomery IL's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,043 |
| Utilities | $477 |
| Groceries | $563 |
| Transportation | $1,138 |
| Healthcare | $555 |
| Other goods and services | $888 |
| Estimated total | $5,664/mo |
Population
21,205
Median household income
$96,985
Census median rent
$1,897/mo
Rent as % of income
29.0%
Median age
35.1
Mean commute
33 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Rent Trends in Montgomery IL
Track how apartment prices are changing over time.
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