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Studio Apartment for Rent in Montgomery, IL

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    Starting at $1,200 Per Month

    • Studio

    834 Victoria Dr, Montgomery, IL 60538

    The Onyx on Victoria – Modern Living with Added ComfortsThe Onyx on Victoria combines sleek design with everyday convenience. Offering studio, 1-, and 2-bedroom apartments, each home features open layouts, modern finishes, and bright interiors that bring style and comfort together.This community goes beyond your front door, with amenities designed to elevate your lifestyle —

    The Onyx on Victoria

    (630) 761-5993

    834 Victoria Dr, Montgomery, IL 60538

Why Live in Montgomery

Montgomery, IL, is a village in western Chicagoland, bisected by the Fox River and home to approximately 20,000 residents. This small community offers a welcoming atmosphere and privacy, making it popular among professionals seeking a laid-back suburban lifestyle. Housing options include historic Cape Cods and bungalows on the west side of the Fox River, while midcentury-inspired split levels and ranch-style houses are found on the east side. Additionally, 21st-century townhomes are clustered around Lakewood Creek Park and Briarcliff Woods Park and Lake. Montgomery features several public parks, including the recently renovated Montgomery Park with a playground, picnic area, and boat access to the Fox River. Jericho Lake Park boasts a 20-acre lake stocked with bass, catfish, and crappie, while the Virgil Gilman Trail offers an 11-mile paved stretch for outdoor activities. The Stuart Sports Complex, one of the largest sports facilities in the Midwest, hosts numerous tournaments annually. Montgomery Fest, held every August, is the village's largest event, featuring a parade, car show, carp fishing derby, live entertainment, food vendors, and a beer tent. The village is served by five school districts, with Oswego Community Unit School District No. 308 receiving high ratings. Montgomery is conveniently located near Aurora, 3 miles north, and Chicago, 45 miles east, with access via State Routes 31 and 25 and U.S. Route 30. Local dining options include both franchise and locally owned restaurants, particularly along Douglas Road and downtown by the river.

Frequently Asked Questions

How much does it cost to rent a home in Montgomery, IL?
The median rent for a home in Montgomery, IL is $2,400 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Montgomery, IL?
To comfortably afford the median rent in Montgomery, IL, a household needs to earn roughly $96,000 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 $2,400 per month in Montgomery, IL, renters typically need to show $7,200 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 Montgomery, IL?
In Montgomery, IL, the price-to-rent ratio is 11.6, 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 in Montgomery, IL

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$2,400
Median Single Family Home Rent
$2,450
Median Townhouse Rent
$2,400
Median Condo Rent
$2,200
How to Rent a Home