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Frequently Asked Questions

How much does it cost to rent a single-family home in Monticello, AR?
The median rent for a single-family home in Monticello, AR is $1,200 per month, though prices vary by neighborhood, size, and property type.
How much do you need to make to afford rent in Monticello, AR?
To comfortably afford the median rent in Monticello, AR, a household needs to earn roughly $48,000 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 $1,200 per month in Monticello, AR, renters typically need to show $3,600 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
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