Homes & Apartments for Rent in Montgomery, IL

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What to Know About

Life in Montgomery & Beyond

Montgomery shares many of the great qualities that make Illinois a desirable place to live.

Illinois is known for its rich cultural heritage, lively urban centers, and beautiful countryside landscapes. Explore the state's cultural heritage by visiting renowned museums such as the Lincoln Presidential Library and Museum, the Field Museum of Natural History, the Museum of Science and Industry, and the Art Institute of Chicago. The state also has a thriving theater and art scene, including the renowned Steppenwolf Theatre Company in Chicago. Illinois is also home to respected universities like the University of Illinois at Urbana-Champaign and Northwestern University.

Outdoor enthusiasts will love the scenic beauty of the Shawnee National Forest and the adventure-filled trails of the Starved Rock State Park. Sports fans will be in their element in Illinois, cheering on the Chicago Bears (NFL), Chicago Blackhawks (NHL), Chicago Cubs (MLB), Chicago White Sox (MLB), and Chicago Bulls (NBA). Experience famous attractions like the Willis Tower, Navy Pier, and the Lincoln Park Zoo. Also, enjoy the musicals and plays at Broadway-in-Chicago, festivals throughout the summer months, and culinary tours of the local restaurants.

With its vibrant cultural scene, exciting entertainment options, and top-notch educational opportunities, Illinois offers a high quality of life, making it a great place to live.

Rental Market Trends

Montgomery, IL

As of April 2026, Montgomery's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Montgomery's average rent is 4.0% ($69) lower than the Illinois average of $1,736 and 6.8% ($121) lower than the U.S. average of $1,788.

Average Rent
$1,667
Monthly ChangeMonth Over Month Change
Decreased2.1% ($35)
Yearly ChangeYear Over Year Change
Decreased6% ($107)
Avg. Days on MarketAverage Days on Market
34
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,312 Increased0.5% ($6) Decreased6.6% ($93)
2 Beds $1,644 Increased0.4% ($6) Decreased9.1% ($165)
3 Beds $1,894 Increased0.4% ($7) Decreased6.8% ($139)
Nearby Cities Average Rent Avg. Rent vs. MontgomeryAverage Rent vs. Montgomery Avg. Days on MarketAverage Days on Market
Oswego $2,397 Increased43.8% ($730) 39 days
Aurora $2,113 Increased26.8% ($446) 26 days
North Aurora $2,246 Increased34.7% ($579) 27 days
Yorkville $2,488 Increased49.3% ($821) 37 days
Plainfield $2,218 Increased33.1% ($551) 33 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Montgomery Rental Market FAQs

Explore rental prices, market trends, and availability in Montgomery, IL.

The average rent in Montgomery, IL is $1,667 per month.
Homes in Montgomery typically rent for between $918 and $2,462 per month, with an average of $1,667 per month.
In Montgomery, the average rent for a 1-bedroom home is $1,312 per month, for a 2-bedroom home, $1,644 per month, and a 3-bedroom home is $1,894 per month.
The average rent in Montgomery is 6.8% ($121) lower than the national average of $1,788 per month.
The average rent in Montgomery has decreased by 2.1% ($35) in the last month and decreased by 6.0% ($107) over the past year.
The rental market in Montgomery, IL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Montgomery, IL, the average rental stays on the market for approximately 34 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 4 rental properties available in Montgomery, IL.
Based on the current averages, a household would need an annual income of $65,760 to comfortably afford a 2-bedroom home in Montgomery.
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