Rent in Monticello, IL
A 2-bedroom in Monticello, IL (ZIP 61856) typically rents for about $1,284 a month, with a range of $1,173–$1,284. Owner-occupied homes in Piatt County pay about 1.81% 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 | $983 | $983 | 1 |
| 1 bed | $996 | $996 | 1 |
| 2 beds | $1,284 | $1,173–$1,284 | 1 |
| 3 beds | $1,240 | $1,240–$1,474 | 1 |
| 4 beds | $1,542 | $1,542 | 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, IL?
- About $1,284 a month: the median of the typical rents in 1 ZIP code, which range from $1,173–$1,284. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Monticello, IL?
- About $996 a month: the median of the typical rents in 1 ZIP code, which range from $996. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Monticello, IL?
- About $1,240 a month: the median of the typical rents in 1 ZIP code, which range from $1,240–$1,474. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Monticello, IL?
- About $983 a month: the median of the typical rents in 1 ZIP code, which range from $983. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Monticello, IL?
- About $1,542 a month: the median of the typical rents in 1 ZIP code, which range from $1,542. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Monticello, IL?
- Owner-occupied homes in Piatt County pay a typical 1.81% 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).