518 N Oak St
MonticelloIL61856
Cheap Homes for Rent in Monticello, IL from $700 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Monticello.
205 5th St E
HammondIL61929
920 Kara Dr
ChampaignIL61822
610 Dogwood Dr
ChampaignIL61821
1831 Parkdale Dr
ChampaignIL61821
2611 W Kirby Ave
ChampaignIL61821
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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 a home in Monticello?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monticello 2 Bedroom Homes for Rent | $1,596 | $1,250 | $2,000 |
| Monticello 3 Bedroom Homes for Rent | $1,737 | $1,345 | $2,500 |
| Monticello 4 Bedroom Homes for Rent | $2,392 | $1,072 | $3,600 |
| Monticello 5 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
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Monticello, IL Local Guide
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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. Barrington has the second lowest priced unit, which is a 1 Bed apartment currently listed from $805. Here is today’s list of the most affordable Monticello apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Twin Oaks | 2423 W. Bradley Ave | 1BR,1BA | $800 |
| Barrington | 1 Bedroom | 1BR,1BA | $805 |
| Meadowview Apartments - Mahomet | Two Bedroom One Bathroom | 2BR,1BA | $810 |
Best Value Apartments for Rent in Monticello, IL and Nearby
As of July 28, 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 |
| Southwest Apartments | 2517 Leeper Dr | 2BR,1.5BA | $1.00 |
| Middletown Place Apartments | Birch | 2BR,2BA | $1.35 |
| Kobuck Apartments | 1202 Wesley Ave 2bd/1ba | 2BR,1BA | $1.29 |
| Stonegate Village by Royse + Brinkmeyer | The Sandstone- Remodeled | 2BR,1.5BA | $1.41 |
| Park Vista | Three Bedroom (Remodeled) | 3BR,1BA | $1.16 |
| Lincolnshire West | 2 Bedroom Upper Standard | 2BR,1.5BA | $1.16 |
| The Brickstone | 2x1 | 2BR,1BA | $1.14 |
| Meadowview Apartments - Mahomet | Two Bedroom One Bathroom | 2BR,1BA | $0.99 |
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Frequently Asked Questions about Monticello
What type of rentals are currently available in Monticello?
There are currently 42 Apartments for Rent in Monticello, IL with pricing that ranges from $675 to $2,500. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monticello ranging from $795 to $4,500.
What is the current price range for Rental Homes in Monticello?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Monticello ranges from $795 to $4,500 with an average monthly rent of $2,204.
How much are larger Three and Four Bedroom Rentals in Monticello?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Monticello range from $895 to $2,150, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,345 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,072 and Four Bedroom Apartments start at $1,529.
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.