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Average Rent in Montgomery 60538 & Rent Trends

What is the average studio rent in Montgomery 60538?

The average listed studio apartment rent in Montgomery 60538 is $1,274 per month, last observed October 16, 2026. This sample includes 2 priced apartments in 1 building. Current availability is not confirmed.

We use published total monthly rent when known and base rent otherwise. Unknown fees remain unknown. Buildings without a qualifying price do not count in this sample. The guide directory can include more buildings.

Rent prices and market trends across 1 apartment community in Montgomery 60538, Montgomery, IL. Prices update after successful source checks.

Beds All Bedrooms Studio 1 Bed 2 Bed 3 Bed

Showing studio in Montgomery 60538.

Market Average

$1,274/mo

Lowest Listed

$1,274/mo

as of Oct 16

Communities

1

tracked daily

Units Listed

2

as of Oct 16

Rent Watch: cuts and increases

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See current options while we confirm new price comparisons. Filter by bedrooms and budget, then inspect each building’s history.

Montgomery 60538 vs Montgomery, IL Average

Montgomery 60538 is the same price as the Montgomery, IL average . The citywide average is $1,274/mo across all neighborhoods.

Is Rent Going Up or Down in Montgomery 60538?

As of October 2026, the average rent in Montgomery 60538 is $1,274 per month across 1 apartment community and 2 recently listed units.

The most affordable option is The Onyx on Victoria starting at $1,274/mo. By unit type, a studio averages $1,274/mo.

Prices range from $1,274 to $1,274 per month. The most common price point is the $1,200 range, where 2 units were listed.

Rent by Bedroom Type in Montgomery 60538

Studio
$1,274
from $1,274 · 2 units

Rent Prices by Apartment in Montgomery 60538

Property Starting at Average Units Rating
The Onyx on Victoria $1,274/mo $1,274/mo 2 3.6

Frequently Asked Questions About Rent in Montgomery 60538

How many bedrooms are you looking for?

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Studio

What is the average studio rent in Montgomery 60538?
The average listed studio apartment rent in Montgomery 60538 is $1,274 per month, last observed October 16, 2026. This sample includes 2 priced apartments in 1 building. Current availability is not confirmed.

What rent range can I find in Montgomery 60538?
The studio apartment listings we track in Montgomery 60538 range from $1,274 to $1,274 per month, last verified October 16, 2026. These are the lowest and highest listed prices. They are not a typical price for every apartment. The building, floor plan, and lease terms can affect the price.

Are rents going up or down in Montgomery 60538?
There is not enough comparable history to report a reliable 30-day rent change for studio apartment listings in Montgomery 60538. Missing dates or a change in the buildings we track can prevent a comparison. The chart uses recorded prices for studio apartments with a known unit identity. It averages those prices within each building before comparing buildings. Missing history does not mean rents stayed flat.

How much is a studio apartment in Montgomery 60538?
Studio apartments average $1,274 per month across 2 priced listings in Montgomery 60538. Listed rents range from $1,274 to $1,274 per month, last verified October 16, 2026. Compare apartments with similar floor plans and lease terms.

Which tracked building has the lowest starting rent in Montgomery 60538?
The Onyx on Victoria has the lowest starting rent among the buildings in the comparison table, at $1,274 per month. We track 2 priced listings matching your bedroom choice in that building, last verified October 16, 2026. The starting price applies to its lowest-priced matching apartment. Check that apartment's latest price and availability.

Which rent range has the most listings in Montgomery 60538?
The $1,200 to $1,400 monthly range has the most matching listings: 2 units, or 100.0% of the priced apartments we track in Montgomery 60538. This count does not tell us how fast the apartments rent.

How many apartment listings do you track in Montgomery 60538?
We track 2 priced units at 1 apartment building, last verified October 16, 2026. These are studio apartments. These are previously listed units. They are not a confirmed count of apartments available today.

How much rent history is available for Montgomery 60538?
We do not yet have enough accepted price records to draw a history chart for studio apartment listings in Montgomery 60538. Current asking prices can appear before rent history is ready. We do not fill missing history with zero or with prices for a different bedroom count.

Why can the headline rent differ from the trend chart in Montgomery 60538?
The average at the top of the page gives each matching apartment equal weight. The chart first averages recorded prices within each building, then compares buildings. It removes the highest and lowest groups when at least ten buildings contribute and omits days with fewer than five buildings. Different dates, building counts, and listing mixes can produce different figures. The monthly table averages the recorded daily figures.

Does my bedroom choice change the prices and answers?
Yes. Your chosen area and bedroom count filter the asking rents, listing counts, rent ranges, and answers on this page. The active community exclusions are Student housing and 55+ / senior community and Corporate housing and Military / active duty housing and Veteran housing. When you choose a bedroom count, the history chart uses recorded prices for matching apartments with a known identity. If those records are missing, we leave the chart empty rather than use prices for other bedroom types. Open an individual apartment to check its own price history.

Do these rents include utilities, parking, and other fees?
We use the published total monthly rent when it is available and the base rent otherwise. Unknown fees are not zero. Utilities, parking, pet charges, deposits, and one-time costs can add to the amount you pay. Check the selected unit and lease terms for a complete quote.

How should I compare free-rent offers with listed rent?
A free-rent offer can reduce the effective cost over a lease without changing the listed monthly rent. Compare the same lease length and move-in date, then include required charges and the offer conditions. The market averages do not assume an unconfirmed discount.

Does this page represent every rental in the market?
These figures describe the priced apartment listings we track, not every rental home or every occupied apartment. Coverage and the mix of bedrooms, buildings, and locations can change. A lower market average does not prove that the same apartment received a price cut.

How fresh are the Montgomery 60538 rent figures?
The listed prices were last verified October 16, 2026. They describe previously listed units, not confirmed availability today. Open the building and apartment details to check for a newer price.

What salary do I need to live comfortably in Montgomery 60538?

Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.

Minimum to afford average rent

$51,000/year

Based on the 30 percent rule, using our tracked average rent of $1,274/mo.

Comfortable income

$61,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

Median household income in Montgomery 60538 is $96,985 , about 59% above the comfortable-living threshold.

Explore Montgomery 60538 Apartments

Browse all 1 communities with daily-updated pricing and availability.

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Cost of living in Montgomery 60538

Overall prices in Montgomery 60538 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 60538's regional price parities.

Category Monthly estimate
Rent (market average) $1,274
Utilities $477
Groceries $563
Transportation $1,138
Healthcare $555
Other goods and services $888
Estimated total $4,895/mo

Population

21,205

Median household income

$96,985

Census median rent

$1,897/mo

Census rent burden

29.0%

Median age

35.1

Mean commute

33 min

Methodology

Rent data

We use listed asking rents and schedule daily data updates. Individual buildings can have different verification dates. Check the building or unit page for its latest price and availability.

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

We estimate annual income by dividing annual rent by 30 percent for the affordability figure and 25 percent for the comfortable-income figure. These estimates are a guide, not a guarantee of rental approval.

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.
Illinois Rent Trends
Compare rent across all Illinois cities
Explore Montgomery, IL on Map
See neighborhoods and rent data interactively
US-wide rent comparison
See how Montgomery, IL rents stack up against the national median

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