Cheap Apartments for Rent near Monticello, IL from $600 (42 Rentals)

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Search the lowest-cost Apartments available for rent right now in Monticello.

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.

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Colony Court
$1,135 - $1,285
Total Monthly Price

Total Monthly Price

Base Rent
$1,135 - $1,285
Total Monthly Price
$1,135 - $1,285
2 to 3 Bedroom Apartments Available Now

Colony Court

502 S Mattis AveChampaign, IL 61821
Affordability
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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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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913 W Church St.
1 Bedroom Apartments

913 W Church St.

913 W Church StChampaign, IL 61821
  • Utilities Included
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Hessel on the Park
2 Bedroom Apartments

Hessel on the Park

1601-1862 Valley RdChampaign, IL 61820
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Barrington
1 Bedroom Apartments

Barrington

2541-2553 W Springfield AveChampaign, IL 61821
Corporate Housing
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508 W White St
1 to 3 Bedroom Apartments

508 W White St

508 W White StChampaign, IL 61820

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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307 & 311 W. Birch
1 Bedroom Apartments

307 & 311 W. Birch

307-311 Birch StChampaign, IL 61820
  • Utilities Included
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State & Cedar
1 to 2 Bedroom Apartments

State & Cedar

1407 S State StChampaign, IL 61820
Student Housing
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Copper View Apartments
1 to 3 Bedroom Apartments

Copper View Apartments

2002 W Bradley AveChampaign, IL 61821
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Parkview Apartments
1 Bedroom Apartments

Parkview Apartments

412 W Church StChampaign, IL 61820
Student Housing
  • Utilities Included

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.

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Showing Results 1-42, Page 1 of 1

Monticello, IL Local Guide

Cheapest Available Monticello Apartments for Rent and Nearby

 

The cheapest available apartment rental in Monticello, IL is a 1 Bed unit found at Twin Oaks priced from $800. Kobuck Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here is today’s list of the most affordable Monticello apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Twin Oaks2423 W. Bradley Ave1BR,1BA$800
Kobuck Apartments1204 Wesley Ave 1bd/1ba1BR,1BA$825
Meadowview Apartments - MahometTwo Bedroom One Bathroom2BR,1BA$845
Wellington Place1 Bedroom on the 1st floor1BR,1BA$900
Colonial VillageCharleston2BR,1BA$950
Southwest Apartments1902 Karen Ct2BR,1BA$950
Park VistaOne Bedroom1BR,1BA$975
Stonegate Village by Royse + BrinkmeyerThe Sandstone - Unique2BR,1BA$1,090
307 & 311 W. BirchCanopy1BR,1BA$1,130
The BrickstoneTwo Bedroom One Bathroom - 862 Sq. Ft.2BR,1BA$1,195

Best Value Apartments for Rent in Monticello, IL and Nearby

As of July 13, 2026 the best value apartment in the Monticello area is the $1.00 price per square foot 2 Bedroom Unit Model at Park Place in the starting from $1,405. The second greatest value Monticello apartment is the 4x2 Cobalt Model at Sterling on First starting at $1,529 with a $1.20 price per square foot . Here is today’s list of the best values for Monticello apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Park Place2 Bedroom Unit2BR,2BA$1.00
Sterling on First4x2 Cobalt4BR,2BA$1.20
Tuscany Ridge Townhomes3 Bedroom Townhome (Standard Unit)3BR,2.5BA$1.08
Prestwick Point Apartments2-Bedroom, 2-Bath Unit!2BR,2BA$1.27
Stonegate Village by Royse + BrinkmeyerThe Sandstone w/ Loft2BR,1.5BA$1.21
Colony CourtThree Bedroom3BR,1BA$1.19
Park VistaThree Bedroom (Remodeled)3BR,1BA$1.36
Colonial VillageCharleston2BR,1BA$1.03
The BrickstoneTwo Bedroom One Bathroom - 862 Sq. Ft.2BR,1BA$1.39
Meadowview Apartments - MahometTwo Bedroom One Bathroom2BR,1BA$1.03

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!

Explore Monticello, IL Rentals by Map

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See the most popular apartments and homes in Monticello, IL

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Frequently Asked Questions about Cheap Monticello Apartments

How much is rent for a Cheap One Bedroom Monticello Apartment?

The lowest price for a Cheap One Bedroom Monticello Apartment is $800 at Twin Oaks.

What is the lowest price for a Cheap Two Bedroom Monticello Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Monticello is starting from $845 at Meadowview Apartments - Mahomet.

What is the most affordable Monticello Three Bedroom Apartment?

The best deal on a cheap Monticello Three Bedroom Apartment rental is at Colonial Village and starts from $1,100.

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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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.

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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.