Lakeview Residences
1037 Howell Pl,
Aurora, IL 60505
$1,440 - $1,770
Studio - 2 Beds
Rental Market Trends in Montgomery, IL
What is the average rent in Montgomery, IL?
$1,403/month
Average Rent
677 Sq Ft
Average Apartment Size
+1.4%
Increase in the Last Year
As of March 2026, the average rent in Montgomery, IL is $1,403 per month. For comparison, the national average rent price in the US is currently $1,626/month, which means Montgomery rent prices are 14% lower than the national average. When you rent an apartment in Montgomery, you can expect to pay about $1,096 per month for a studio, $1,403 for a one-bedroom apartment, and around $1,611 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,129 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Montgomery, IL?
In the past year, rent has increased by 1.4%, which averages out to $20 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2026
Legend
2025
2026
Rent Ranges in Montgomery, IL
Last Updated March 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
25%
$700 - $1,000/month
62%
$1,001 - $1,500/month
12%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Montgomery?
Based on current rent prices, Aurora is the most affordable neighborhood in Montgomery.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Montgomery?
Based on current rent prices, Aurora is the most expensive neighborhood in Montgomery.
Neighborhood
Average Rent
Average Sq Ft
Which Montgomery neighborhoods have the most rentals available?
The neighborhood in Montgomery with the most apartments available is Aurora .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Montgomery, IL?
Because the average rent in Montgomery is $1,403, you’ll want to make about $4,676 per month or $56,112 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Montgomery, IL compare to other nearby cities and neighborhoods?
Use the tool below to compare Montgomery, IL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$1,096/month
$1,096/month
One Bedroom
$1,265/month
$1,265/month
Two Bedroom
$1,361/month
$1,361/month
Three Bedroom
-
-
Nearby City Rent Trends
Apartment communities in Montgomery we think you'll love
Learn More with Helpful Articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
* Percentages may not total 100 due to rounding.