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Studio Apartments for Rent in Mount Vernon, IL

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    Starting at $917 Per Month

    • Studio - 2 Beds

    4201 Valley Forge Rd, Mount Vernon, IL 62864

    Enjoy the good life at Chesterfield Village Apartments.We offer a variety of floor plans and options to fit your lifestyle. Our on-site management and professional maintenance team provide fast, personal service and worry-free apartment living. This is an amenity that allows us to stand above the rest. Our location is convenient to major roads and highway, retail, restaurants, and work. The

    Chesterfield Village

    4201 Valley Forge Rd, Mount Vernon, IL 62864

Why Live in Mount Vernon

Mount Vernon, Illinois, located at the intersection of Interstates 64 and 57 in South Central Illinois, is a small city with a population of around 15,000. The city is home to SSM Health Good Samaritan Hospital, which offers specialized heart and cancer care, eliminating the need for residents to travel to Springfield or St. Louis for treatment. Major employers in Mount Vernon include Continental Tire and Walgreens, both operating factories in the area. The downtown area features the historic 5th District Appellate Court building, where Abraham Lincoln once argued cases, and the Jefferson County Historical Village, an outdoor museum showcasing 19th-century life. The Granada Theatre, a renovated 1937 landmark, hosts concerts and weddings, while Veterans Memorial Park offers recreational activities such as tennis, frisbee golf, and the Aquatic Zoo water park with its slides and lazy river. Market Days at Veterans Memorial Park is a popular monthly event from May through September, featuring a flea market and vendor fair. Housing in Mount Vernon is affordable, with many single-family homes built in the 20th century, including bungalow-style houses priced below $100,000. The city’s schools include Summersville Grade School, which has a high rating. Public transportation is provided by the South Central Illinois Mass Transit District, with routes within Mount Vernon and to nearby communities. For air travel, Veterans Airport of Southern Illinois is 40 miles away, and St. Louis Lambert International Airport is about 90 miles away.

Frequently Asked Questions

How much does it cost to rent a home in Mount Vernon, IL?
The median rent for a home in Mount Vernon, IL is $945 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 while condos are currently more expensive.
How much do you need to make to afford rent in Mount Vernon, IL?
To comfortably afford the median rent in Mount Vernon, IL, a household needs to earn roughly $37,800 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 $945 per month in Mount Vernon, IL, renters typically need to show $2,835 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 Mount Vernon, IL?
In Mount Vernon, IL, the price-to-rent ratio is 11.9, 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
1
Median Rent
$945
Median Single Family Home Rent
$1,750
Median Condo Rent
$1,800
How to Rent a Home