Montgomery, IL Rental Market Trends
Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Montgomery is $1,716, a 1.55% decrease compared to the previous year, when the average rent was $1,743.
One-bedroom apartments provide 739 square feet for $1,528, balancing privacy and affordability.
Two-beedroom units at $1,823 offer 1,008 square feet, perfect for roommates or small families.
Average rent in Montgomery, IL
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,716 | 906 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,528 | 739 sq. ft. |
| 2 Beds | $1,823 | 1,008 sq. ft. |
| 3 Beds | n/a | n/a |
Montgomery, IL rent trends
Rental prices in Montgomery, IL have decreased by 1.55% over the past year. The average rent moved from $1,743 to $1,716.
What's the typical rent budget in Montgomery, IL?
The largest share of rentals in Montgomery, IL (58%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Montgomery, IL?
1,548 or 22% of the households in Montgomery, IL are renter-occupied while 5,540 or 78% are owner-occupied.
How Montgomery Compares to Other Cities
| City | Average Rent |
|---|---|
| Montgomery | $1,716 |
| Skokie | $2,041 |
| Naperville | $2,057 |
| Chicago | $2,461 |
| Aurora | $1,856 |
| Evanston | $2,577 |
| Oak Park | $2,176 |
| Rockford | $1,260 |
| Lombard, IL | $1,986 |
| Lisle, IL | $1,854 |
| Clarendon Hills, IL | $1,693 |
| Downers Grove, IL | $2,029 |
| Elgin, IL | $1,667 |
| Saint Charles, IL | $2,043 |
| Plainfield, IL | $2,140 |
| Joliet, IL | $1,336 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Montgomery apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.