Cheap Homes for Rent in Monmouth, IL from $500 (9 Rentals)

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

property at 116 N 5th St

$895 - $1,050

1 To 2 Bedroom Rentals

Available Jun 15

116 N 5th St

BurlingtonIA52601

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Monmouth, IL Local Guide

Cheapest Available Monmouth Apartments for Rent and Nearby

 

The cheapest available apartment rental in Monmouth, IL is a Studio unit found at Macomb Rentals priced from $390. Mayfair Manor has the second lowest priced unit, which is a 2 Beds apartment currently listed from $525. Here is today’s list of the most affordable Monmouth apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Macomb RentalsStudio, 1 bathStudio,1BA$390
Mayfair Manor2x12BR,1BA$525
Smith and Royer Apartments1 Bedroom Side Apartment1BR,1BA$550

Best Value Apartments for Rent in Monmouth, IL and Nearby

As of June 12, 2026 the best value apartment in the Monmouth area is the $1.06 price per square foot Churchill Lofts - 202 Model at Churchill Lofts in the in the Ginger Ridge neighborhood starting from $1,295. The second greatest value Monmouth apartment is the 3 BR / 2 BA Model at Creekside Park starting at $1,029 with a $0.85 price per square foot . Here is today’s list of the best values for Monmouth apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Churchill LoftsChurchill Lofts - 2022BR,1BA$1.06
Creekside Park3 BR / 2 BA3BR,2BA$0.85
Westland Village2x12BR,1BA$0.89
PARKWAY ESTATES2 Bedroom 1 Bath2BR,1BA$0.86
Alice Place West Burlington2-Bedroom2BR,1BA$0.90
Black Hawk Village2 Bedroom2BR,1BA$1.19
Blaul LoftsBlaul Lofts - 2051BR,1BA$1.06
Park Madison Apartments1BR/1BA1BR,1BA$1.00
Century Woods Apartments1 BR 1 Bath1BR,1BA$0.82
Bel Aire Apartments2 Bedroom2BR,1BA$1.11

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Monmouth

What type of rentals are currently available in Monmouth?

There are currently 50 Apartments for Rent in Monmouth, IL with pricing that ranges from $390 to $1,900. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monmouth ranging from $595 to $2,750.

What is the current price range for Rental Homes in Monmouth?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Monmouth ranges from $595 to $2,750 with an average monthly rent of $1,367.

How much are larger Three and Four Bedroom Rentals in Monmouth?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Monmouth range from $815 to $1,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $995 to $1,550. Four Bedroom Single-Family rentals are also available starting from $1,295 and Four Bedroom Apartments start at $600.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.