Rent in Montgomery County, IL at a glance
2-bedroom rent (HUD)
$937$11,244 a year · HUD fiscal year 2026From October 1, 2026: $930 (−0.7%)How much rent can you afford in Montgomery County, IL?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Montgomery County, IL by bedroom, and the pay it takes
Income needed keeps rent at 30% of gross pay; the hourly figure assumes one full-time job, 2,080 hours a year.
| Size | A month | A year | Income needed | Hourly wage needed |
|---|---|---|---|---|
| Studio | $694 | $8,328 | $27,760 | $13.35/hr |
| 1 bedroom | $714 | $8,568 | $28,560 | $13.73/hr |
| 2 bedroomsMost searched | $937 | $11,244 | $37,480 | $18.02/hr |
| 3 bedrooms | $1,123 | $13,476 | $44,920 | $21.60/hr |
| 4 bedrooms | $1,287 | $15,444 | $51,480 | $24.75/hr |
Cost of living in Montgomery County, IL: income, prices and a budget →
Living and working in Montgomery County, IL
Rent in Montgomery County, IL: common questions
How much is rent going down in Montgomery County, IL in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $930 for a two-bedroom, down 0.7% from $937. A one-bedroom goes from $714 to $716, a studio from $694 to $700.
These are HUD's estimates of what a typical recently rented unit costs, used for housing vouchers. A landlord's increase on your lease follows your lease and your state's rules, not this figure.
What is the average rent in Montgomery County, IL?
HUD's Fair Market Rent for 2026 is $714 for a one-bedroom and $937 for a two-bedroom, utilities included. That is $11,244 a year for the two-bedroom.
It is not an average of current listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so asking rents on newer places usually run higher.
How much do you need to make to afford rent in Montgomery County, IL?
To keep a $937 two-bedroom at 30% of gross pay, one full-time worker needs $18.02 an hour, or $37,480 a year. A one-bedroom at $714 takes $13.73 an hour.
How much is a 1, 2 or 3-bedroom apartment in Montgomery County, IL?
At HUD's 2026 Fair Market Rent: studio $694, one bedroom $714, two $937, three $1,123 and four $1,287 a month.
Is rent affordable in Montgomery County, IL?
For the typical household, earning $63,620 a year ($5,302 a month, Census ACS), a two-bedroom at $937 takes 17.7% of income. Under 30% is the usual line for affordable; this is under it.
How is the income needed for rent worked out?
Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($937 × 12) ÷ 0.30 = $37,480. Divided by 2,080 working hours, that is $18.02 an hour.