Rent in Monticello, AR
A 2-bedroom in Monticello, AR (ZIP 71655) typically rents for about $731 a month, with a range of $731–$909. Owner-occupied homes in Drew County pay about 0.47% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $646 | $646 | 1 |
| 1 bed | $695 | $695 | 1 |
| 2 beds | $731 | $731–$909 | 1 |
| 3 beds | $982 | $982–$1,190 | 1 |
| 4 beds | $1,195 | $1,195 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Monticello ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Monticello, AR?
- About $731 a month: the median of the typical rents in 1 ZIP code, which range from $731–$909. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Monticello, AR?
- About $695 a month: the median of the typical rents in 1 ZIP code, which range from $695. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Monticello, AR?
- About $982 a month: the median of the typical rents in 1 ZIP code, which range from $982–$1,190. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Monticello, AR?
- About $646 a month: the median of the typical rents in 1 ZIP code, which range from $646. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Monticello, AR?
- About $1,195 a month: the median of the typical rents in 1 ZIP code, which range from $1,195. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Monticello, AR?
- Owner-occupied homes in Drew County pay a typical 0.47% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Monticello rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).