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 July 2025, Montgomery's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Montgomery's average rent is 3.7% ($64) higher than the Illinois average of $1,743 and 1.8% ($32) higher than the U.S. average of $1,775.

Average Rent

$1,807

Monthly ChangeMonth Over Month Change

2.3% ($43)

Yearly ChangeYear Over Year Change

8.5% ($141)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,369	5.5% ($79)	5.1% ($67)
2 Beds	$1,744	5.4% ($100)	4% ($67)
3 Beds	$2,031	5.4% ($117)	7.7% ($146)

Nearby Cities	Average Rent	Avg. Rent vs. MontgomeryAverage Rent vs. Montgomery	Avg. Days on MarketAverage Days on Market
Oswego	$2,339	29.4% ($532)	39 days
Aurora	$2,170	20.1% ($363)	26 days
North Aurora	$2,252	24.6% ($445)	27 days
Plainfield	$2,117	17.2% ($310)	33 days
Geneva	$1,998	10.6% ($191)	32 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.

What is the average rent in Montgomery, IL?

The average rent in Montgomery, IL is $1,807 per month.

What is the rental price range for apartments in Montgomery, IL?

Apartments in Montgomery typically rent for between $958 and $2,640 per month, with an average of $1,807 per month.

What is the average rent for different bedroom sizes in Montgomery, IL?

In Montgomery, the average rent for a 1-bedroom apartment is $1,369 per month, for a 2-bedroom apartment, $1,744 per month, and a 3-bedroom apartment is $2,031 per month.

How do rent prices in Montgomery, IL compare with the national average?

The average rent in Montgomery is 1.8% ($32) higher than the national average of $1,775 per month.

How have rent prices in Montgomery, IL changed recently?

The average rent in Montgomery has decreased by 2.3% ($43) in the last month and increased by 8.5% ($141) over the past year.

How competitive is the rental market in Montgomery, IL?

The rental market in Montgomery, IL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Montgomery, IL?

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.

How many rental properties are available in Montgomery, IL?

There are currently 6 rental properties available in Montgomery, IL.

Can I afford to rent an apartment in Montgomery, IL?

Based on the current averages, a household would need an annual income of $69,760 to comfortably afford a 2-bedroom apartment in Montgomery.