Rentometer, Inc. | Data as of 10/22/2025
Montgomery, Illinois, offers a vibrant rental market that blends historic charm with modern convenience, making it a desirable destination for professionals, families, and students alike. The city’s well‑connected downtown corridor, bustling with boutique shops, cafes, and cultural venues, sits alongside quiet residential streets in neighborhoods such as Riverfront and Oakwood, where leafy parks and river trails provide a serene backdrop for daily life. Excellent access to public transportation and major highways further enhances the city’s appeal, allowing renters easy commutes to Chicago and surrounding employment hubs.
Apartment living dominates the market, with one‑bedroom units typically found in the $1500s and two‑bedroom options often positioned in the $2000 range. These rentals benefit from a variety of amenities, including modern finishes, on‑site laundry, and communal spaces that foster a sense of community. For those seeking more space, the city also features a selection of larger houses that command premium pricing, reflecting their expansive layouts and proximity to top‑rated schools and family‑friendly neighborhoods.
Beyond housing, Montgomery boasts a rich selection of attractions—from the historic Montgomery Theater and annual Riverfest to the nearby forest preserves that offer hiking and biking trails. The blend of affordable, well‑maintained rental options and a lively local culture makes Montgomery an inviting place to call home, whether you’re moving in for the first time or looking to expand your living space within a thriving Illinois city.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,491 | $1,462 | $1,150 - $1,871 | $1,200 - $1,805 |
| Apartment | 2 Bedroom | $1,787 | $2,001 | $1,300 - $2,230 | $1,300 - $2,186 |
| House | 4+ Bedroom | $3,042 | $3,045 | $2,800 - $3,275 | $2,895 - $3,225 |
In the current period, the average rent in Montgomery was $1,492 for 1 Bedroom, $1,864 for 2 Bedroom, $2,708 for 3 Bedroom, and $3,022 for 4+ Bedroom.
Data provided by Rentometer, Inc.