Chesterfield Village
4201 Valley Forge Rd,
Mount Vernon, IL 62864
Studio - 2 Beds | $917 - $1,899
Rental Market Trends in Mount Vernon, IL
Updated August 2026
The average rent in Mount Vernon, IL is $1,079/month.
Rent in Mount Vernon is 35% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.
$1,079/month
Average Rent
761 Sq Ft
Average Size
+12.4%
Change / Year
49
Available Apartments
Mount Vernon rent varies by unit size and layout:
- Studio apartments in Mount Vernon average $930 per month.
- One-bedroom apartments in Mount Vernon average $1,079 per month.
- Two-bedroom apartments in Mount Vernon average $1,152 per month.
- Three-bedroom apartments in Mount Vernon average $1,450 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Mount Vernon, IL?
In the past year, rent has increased by 12.4%, which averages out to $135 more per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Mount Vernon, IL
August 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
17%
Below $700/month
33%
$700 - $1,000/month
50%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Mount Vernon, IL?
Because the average rent in Mount Vernon is $1,079, you’ll want to make about $3,596 per month or $43,152 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 Mount Vernon, IL compare to other nearby cities and neighborhoods?
Use the tool below to compare Mount Vernon, 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 Mount Vernon Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Mount Vernon?
The average rent in Mount Vernon is $1,079 per month, which is 35.1% lower than the national average of $1,663.
Are rents going up or down in Mount Vernon?
Rents in Mount Vernon, IL are increasing, with prices up 12.4% year-over-year and $135 more per month.
What rent range is most common in Mount Vernon?
In Mount Vernon, IL, 50% 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 June 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.