Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
Montgomery, IL Rental Market Trends
What is the average rent in Montgomery?
The average rent for an apartment in Montgomery is $932. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Montgomery, IL
Last updated July 2022
| Average Rent | Average Apartment Size |
|---|---|
| $932 | 805 sq. ft. |
What is the average apartment size in Montgomery?
The average size for a Montgomery, IL apartment is 805 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Montgomery, IL Occupied Housing Units
1,205 or 20% of the households in Montgomery, IL are renter-occupied while 4,840 or 80% are owner-occupied.
Montgomery, IL Rent Trends
| Average Rent | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | Mar / 2022 | Jul / 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Montgomery, IL | $1,013 | $975 | $1,007 | $1,016 | $1,063 | $1,033 | $1,007 | $1,056 | $1,038 | $932 |
| National | $1,407 | $1,415 | $1,416 | $1,406 | $1,410 | $1,418 | $1,501 | $1,596 | $1,634 | $1,706 |
How Montgomery Compares to Other Cities
| City | Average Rent |
|---|---|
| Chicago | $2,206 |
| Oak Park | $2,016 |
| Evanston | $2,117 |
| Aurora | $1,607 |
| Naperville | $1,814 |
| Skokie | $1,758 |
| Waukegan | $1,129 |
| Riverdale | $899 |
| Richton Park | $1,182 |
| Dekalb | $971 |
| Elgin | $1,409 |
| Lombard | $1,782 |
| Arlington Heights | $1,737 |
| Schaumburg | $1,713 |
| Glen Ellyn | $1,332 |
| Lisle | $1,569 |
| Saint Charles | $1,784 |
| Warrenville | $2,074 |
| Joliet | $1,147 |
| Plainfield | $2,189 |
| Montgomery | $932 |
Most Popular Apartments in Montgomery
Montgomery Place Apartments
1175 Reading Drive, Montgomery, IL 60538- 1 BED
- 2 BEDS
- 3 BEDS
- $1,603+
- $2,034+
- $2,547+
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Montgomery apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.