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Monticello, IL Home for Rent

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    $1,700 Per Month

    • 3 Beds
    • 1 Bath
    • 902 Sq Ft
    • House for Rent

    413 E Lincoln St, Monticello, IL 61856

    WAIT... Are you looking for a 3 Bedroom 1 Bath in Monticello? If you're dreaming of extra space, this Monticello gem checks every box.Home Features:3 BedroomsSpacious living room Large eat-in kitchenBeautiful natural lightFresh paint & refinished hardwood floorsPLUS...Full basement with tons of potentialEnjoy the oversized corner lot

    413 E Lincoln St, Monticello, IL 61856

Why Live in Monticello

Monticello, IL, is a quiet residential community known for its highly rated schools and vibrant park system. The Monticello Community Unit School District No. 25, along with Washington Elementary School, White Health Elementary School, Monticello Middle School, and Monticello High School, all receive high ratings, making the area attractive to families. Housing options include older bungalows, midcentury ranch-style homes, and New Traditional homes, with some new construction available. The tree-lined streets often feature sidewalks, contributing to the community's quaint atmosphere. Monticello boasts several parks, including Nick's Park, a 1-acre community park with a playground and walking path, and the East Prairie Bicycle & Walking Path, a mile-long trail for walkers, cyclists, runners, and roller bladers. The Monticello Family Aquatic Center offers six swimming lanes and a water slide. Dining options include 3Ravens Food & Spirits, an Irish-American pub, and Filippo's Pizza, a local favorite since the 1970s. Residents shop at County Market and have access to fast food chains like McDonald's, Dairy Queen, and Subway. Kirby Medical Center provides primary care and emergency services, while Willard Airport, 19 miles away, offers nonstop flights to Chicago O'Hare and Dallas-Fort Worth. Monticello is conveniently located near Interstate 72, approximately 20 miles from Champaign, 30 miles from Decatur, and 45 miles from Bloomington.

Frequently Asked Questions

How much does it cost to rent a home in Monticello, IL?
The median rent for a home in Monticello, IL is $1,700 per month, though prices vary by neighborhood, size, and property type. As of August 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Monticello, IL?
To comfortably afford the median rent in Monticello, IL, a household needs to earn roughly $68,000 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 $1,700 per month in Monticello, IL, renters typically need to show $5,100 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 Monticello, IL?
In Monticello, IL, the price-to-rent ratio is 12.4, 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.
What neighborhoods in Monticello, IL are best for renting a home?
The best neighborhood for renting in Monticello, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Clark, Hill Street East, West Haven, Parkland Ridge and Bolten Field, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,700
Median Single Family Home Rent
$1,700
How to Rent a Home