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

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Search the lowest-cost Homes available for rent right now in Monmouth.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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 $550. 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$550
Smith and Royer Apartments1 Bedroom Side Apartment1BR,1BA$550

Best Value Apartments for Rent in Monmouth, IL and Nearby

As of July 27, 2026 the best value apartment in the Monmouth area is the $0.85 price per square foot 3 BR / 2 BA Model at Creekside Park in the starting from $1,029. The second greatest value Monmouth apartment is the b1r Model at Homewood Manor starting at $1,225 with a $1.07 price per square foot in the Villa Park neighborhood. 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.
Creekside Park3 BR / 2 BA3BR,2BA$0.85
Homewood Manorb1r2BR,1.5BA$1.07
Blaul LoftsBlaul Lofts - 2082BR,1BA$1.00
Westland Village2x12BR,1BA$0.89
Hawthorne Townhomes2 Bedrooms 2 Bath2BR,1.5BA$0.91
Alice Place West Burlington2-Bedroom2BR,1BA$0.90
Black Hawk Village2 Bedroom2BR,1BA$1.19
Park Madison Apartments1BR/1BA1BR,1BA$1.00
PARKWAY ESTATES1 Bedroom 1 Bath1BR,1BA$0.95
Pine Ridge1-sycam1BR,1BA$1.21

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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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 29 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 $1,353.

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 $800 to $1,550. Four Bedroom Single-Family rentals are also available starting from $1,230 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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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.