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Newest Homes for Rent in Monticello, IL

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  • 713 S Longview Rd, Monticello, IL 61856
    713 S Longview Rd, Monticello, IL 61856
    713 S Longview Rd, Monticello, IL 61856
    /3

    $1,950 Per Month

    • 3 Beds
    • 2 Baths
    • 2,010 Sq Ft
    • House for Rent

    713 S Longview Rd, Monticello, IL 61856

    3 Bedrooms | 2 Bathrooms | 2,010 Sq. FtSpacious Monticello Home with an Incredible Living Room, Oversized Garage & Bright Sunroom!Looking for space? This beautifully maintained 2,010 sq. ft. home offers room for everyone with 3 bedrooms, 2 full bathrooms, multiple living areas, and features you simply don't find every day.The open kitchen features stainless steel

    713 S Longview Rd, Monticello, IL 61856
  • 114 N Chase St, Monticello, IL 61856
    114 N Chase St, Monticello, IL 61856
    114 N Chase St, Monticello, IL 61856
    /19

    $1,850 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,231 Sq Ft
    • House for Rent

    114 N Chase St, Monticello, IL 61856

    Welcome to this beautifully renovated 3-bedroom, 2-bath home in Monticello, where timeless charm meets modern comfort. Thoughtfully refreshed throughout, this residence features fresh paint, new flooring, updated lighting, new gutters, new blinds, and beautifully remodeled bathrooms, creating a sophisticated and move-in-ready living experience.From the moment you step inside, the home

    114 N Chase St, Monticello, IL 61856
Illinois Piatt County Monticello

Newest Homes for Rent in Monticello, IL

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 $1,850 per month, though prices vary by neighborhood, size, and property type. As of July 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 $74,000 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 $1,850 per month in Monticello, IL, renters typically need to show $5,550 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 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.
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 Boulder Ridge, Parkland Ridge, Clark, Hill Street East and Cherry Hills, each with its own character and price range.

Rental Trends in Monticello, IL

There are currently 2 homes available for rent in Monticello, IL. The median rent is $1,850 per month, with single-family homes renting at $1,850.

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$1,850
Median Single Family Home Rent
$1,850
How to Rent a Home

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