518 N Oak St
MonticelloIL61856
Cheap Apartments for Rent in Monticello, IL from $600 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in Monticello.
close
View Me
close
View Me
Rent Specials
from $6751 Bedroom Apartments Available Now
605 W University Ave
605 W University AveChampaign, IL 61820
close
View Me
from $6901 to 3 Bedroom Apartments Available Now
Meadowview Apartments - Mahomet
2004 Middletown DrMahomet, IL 61853
close
View Me
from $7251 to 2 Bedroom Apartments Contact Us For Availability
Westgate Apartments
1600 W Bradley AveChampaign, IL 61821
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.
close
View Me
from $7951 to 2 Bedroom Apartments Available Now
Southwest Apartments
1902 Karen CtChampaign, IL 61822
close
View Me
close
View Me
close
View Me
Rent Specials
from $8251 to 3 Bedroom Apartments Available Now
Park Vista
2408 High View CtChampaign, IL 61822
close
View Me
Rent Specials
from $8502 Bedroom Apartments Contact Us For Availability
1001 Francis Dr
1001-1021 Francis DrChampaign, IL 61821
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
close
View Me
from $8501 to 3 Bedroom Apartments Contact Us For Availability
Wellington Place
902 Newcastle DrChampaign, IL 61822
close
View Me
close
View Me
from $9952 to 3 Bedroom Apartments Available Now
Tuscany Ridge Townhomes
918-1188 Pomona DrChampaign, IL 61822
305 W Bower St
OreanaIL62554
close
View Me
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Showing Results 1-15, Page 1 of 1
Monticello, IL Local Guide
Maple's during fall by Amanda Landers is licensed under CC BY 2.0
How much does it cost to rent an apartment in Monticello?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monticello 1 Bedroom Apartments | $1,324 | $675 | $2,010 |
| Monticello 2 Bedroom Apartments | $1,428 | $800 | $2,500 |
| Monticello 3 Bedroom Apartments | $1,487 | $905 | $2,150 |
| Monticello 4 Bedroom Apartments | $1,529 | $1,529 | $1,529 |
Browse Top Apartments in Monticello
See all Apartments in MonticelloExplore Monticello
Monticello, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Monticello Apartments for Rent and Nearby
The cheapest available apartment rental in Monticello, IL is a 1 Bed unit found at 605 W University Ave in the Downtown Champaign neighborhood priced from $675. Southwest Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here is today’s list of the most affordable Monticello apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 605 W University Ave | 1 Bed / 1 Bath | 1BR,1BA | $675 |
| Southwest Apartments | 1902 Karen Ct | 1BR,1BA | $795 |
| Barrington | 1 Bedroom | 1BR,1BA | $805 |
| Meadowview Apartments - Mahomet | Two Bedroom One Bathroom | 2BR,1BA | $810 |
| Park Vista | One bedroom | 1BR,1BA | $825 |
Best Value Apartments for Rent in Monticello, IL and Nearby
As of June 21, 2025 the best value apartment in the Monticello area is the $1.45 price per square foot Timberwolf 3x2 B Model at Timber Wolf and Cates Crossing in the starting from $1,915. The second greatest value Monticello apartment is the 3 Bedroom Townhome (Remodeled) Model at Tuscany Ridge Townhomes starting at $1,495 with a $1.17 price per square foot . Here is today’s list of the best values for Monticello apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Timber Wolf and Cates Crossing | Timberwolf 3x2 B | 3BR,2BA | $1.45 |
| Tuscany Ridge Townhomes | 3 Bedroom Townhome (Remodeled) | 3BR,2.5BA | $1.17 |
| Middletown Place Apartments | Aspen | 2BR,2BA | $1.44 |
| Southwest Apartments | 2404 Leeper Dr | 2BR,1.5BA | $1.32 |
| Park Vista | Three Bedroom (Remodeled) | 3BR,1BA | $1.26 |
| Lincolnshire West | 2 Bedroom Upper Standard | 2BR,1.5BA | $1.16 |
| The Brickstone | 2x1 | 2BR,1BA | $1.14 |
| 508 W White St | 3 Bed / 1.5 Bath | 3BR,1.5BA | $1.22 |
| Meadowview Apartments - Mahomet | Two Bedroom One Bathroom | 2BR,1BA | $0.99 |
| 605 W University Ave | 1 Bed / 1 Bath | 1BR,1BA | $1.13 |
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.
Let everyone know!
Do you know the Monticello area?
If you’re an expert on all things Monticello, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Monticello, IL Rentals by Map
See the most popular apartments and homes in Monticello, IL
Monticello, IL Apartments MapMonticello, IL Rental Homes MapGetting Around Monticello, IL
Walk Score®
48 / 100
Car-Dependent
Most errands require a car
Bike Score®
40 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $675 at 605 W University Ave.
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 $810 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 Park Vista and starts from $975.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.