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Monmouth, IL Homes for Rent

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  • /11

    $1,100 Per Month

    • 2 Beds
    • 1 Bath
    • 800 Sq Ft
    • House for Rent

    1032 E Broadway, Monmouth, IL 61462

    These Apartments are situated on the East corner of the Monmouth College campus. You will have easy access to walk downtown. A large park and recreational area is only one block away. Our apartments feature off street parking in a private lot. Each apartment has separate furnace and central air. All bedrooms have ample closet space and perfectly accommodate your needs. Utilities are included in

    Justin Thomas Doyle & Associates Realty, LLC

    1032 E Broadway, Monmouth, IL 61462
  • /2

    $1,500 Per Month

    • House for Rent

    59 Market Alley St, Monmouth, IL 61462

    Large loft style apartment!

    Marcus Doyle Doyle & Associates Realty, LLC

    59 Market Alley St, Monmouth, IL 61462

Why Live in Monmouth

Monmouth, Illinois, is a small college town in rural Warren County with a population of nearly 9,000. Known as the "Maple City," it features a working-class community vibe and a thriving Main Street. The town's largest employers are Smithfield Foods and Monmouth College, a private liberal arts institution founded in 1853. Housing in Monmouth includes early to mid-1900s single-family homes, with a median home price of $113,000 and an average market time of 84 days. The local Parks & Recreation department maintains several green spaces, including Monmouth Park with its athletic fields and scenic gazebo, and the LeSeur Nature Preserve, which offers over 16 acres of nature trails. Citizens Lake is a popular spot for fishing and boating, while the Pattee Foundation YMCA Water Park features an outdoor pool and splash pad. Main Street is lined with nearly 2 miles of businesses, restaurants, and bars, particularly busy around Public Square. Monmouth-Roseville High School is highly rated, and Monmouth College offers over 50 programs with NCAA Division III sports. Annual events like the Warren County Prime Beef Festival and the Maple City Street Machines Car Cruise add to the local attractions. The Warren County History Museum and the Wyatt Earp Birthplace Museum provide insights into the area's rich history. Although primarily car-dependent, residents have access to shuttle services and two major highways, U.S. 34 and U.S. 67, with the latter leading to the Quad Cities International Airport less than an hour away.

Frequently Asked Questions

How much does it cost to rent a home in Monmouth, IL?
The median rent for a home in Monmouth, IL is $1,300 per month, though prices vary by neighborhood, size, and property type. As of September 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Monmouth, IL?
To comfortably afford the median rent in Monmouth, IL, a household needs to earn roughly $52,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,300 per month in Monmouth, IL, renters typically need to show $3,900 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Monmouth, IL?
In Monmouth, IL, the price-to-rent ratio is 7.7, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$1,300
Median Single Family Home Rent
$1,300
How to Rent a Home