Lakeview Residences
1037 Howell Pl,
Aurora, IL 60505
Studio - 1 Bed | $1,325 - $1,550
Rental Market Trends in Montgomery, IL
Updated September 2026
The average rent in Montgomery, IL is $1,448/month.
Rent in Montgomery is roughly equal to the national average rent of of $1,665/month.
$1,448/month
Average Rent
678 Sq Ft
Average Size
+2.8%
Change / Year
114
Available Apartments
Montgomery rent varies by unit size and layout:
- Studio apartments in Montgomery average $1,117 per month.
- One-bedroom apartments in Montgomery average $1,448 per month.
- Two-bedroom apartments in Montgomery average $1,725 per month.
- Three-bedroom apartments in Montgomery average $2,201 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Montgomery, IL?
In the past year, rent has increased by 2.8%, which averages out to $41 more per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Montgomery, IL
September 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
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 $1,448, you’ll want to make about $4,826 per month or $57,912 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.
View the Montgomery Area GuideStudio
$1,117/month
$1,117/month
One Bedroom
$1,304/month
$1,304/month
Two Bedroom
$1,594/month
$1,594/month
Three Bedroom
-
-
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Aurora
Avg Rent: $1,646/month
-
Oswego
Avg Rent: $1,760/month
-
North Aurora
Avg Rent: $1,574/month
-
Yorkville
Avg Rent: $1,323/month
-
Batavia
Avg Rent: $1,234/month
-
Plainfield
Avg Rent: $1,853/month
-
Plano
Avg Rent: $555/month
Apartment Communities in Montgomery We Think You'll Love
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Frequently Asked Questions
What is the average rent in Montgomery?
The average rent in Montgomery is $1,448 per month, which is 13.0% lower than the national average of $1,665.
What is the average rent for a house in Montgomery?
The average rent for a house in Montgomery, IL is $2,670 per month.
Are rents going up or down in Montgomery?
Rents in Montgomery, IL are increasing, with prices up 2.8% year-over-year and $41 more per month.
What rent range is most common in Montgomery?
In Montgomery, IL, 62% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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 September 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.