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City Report · NY

Monticello

Pop. 7,279·91st most expensive in New York·Rental market data updated monthly for Monticello, NY
Median rent (all units)
$1,617/mo
Year-over-Year
Stable
Month-over-Month
-11.8%
vs US Median
-$348
Falling (Monthly)
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Most AffordableMost Expensive
Monticello · $1,617
More affordable than 68% of US cities · National median $1,965/mo
Affordability
38% of income
MODERATE
0%30% benchmark60%+

At $1,617/mo, rent takes about 38% of the local median household income, slightly above the 30% benchmark.

Income to afford
$65,000/yr
Local median income
$50,583/yr
Based on the 30%-of-income rule using Monticello's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$950
1 BR
$1,050
2 BR
$1,230
3 BR
$1,720
4 BR+
$1,830
Research median
$1,230/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$19,404/yr
At $1,617/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -11.8% MoM), not inventory.
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Demographics

Who lives here

Monticello, NY is majority renter-occupied, has a median income below the national average, 12.1% of residents hold a bachelor's degree or higher.

Population
7,279
Median income
$50,583
Median age
35.9
Renters
79.9%
Age distribution
22.3%
26.3%
24.1%
16.3%
Under 1822.3%
18–3426.3%
35–5424.1%
55–6411.1%
65+16.3%
Gender
48.3%
51.7%
Male48.3%
Female51.7%
Race & ethnicity
36.8%
25.2%
37.1%
White36.8%
Black25.2%
Hispanic37.1%
Asian4.6%
Education (25+)
25.8%
36.7%
25.5%
12.1%
No HS diploma25.8%
HS diploma36.7%
Some college25.5%
Bachelor's+12.1%
Housing tenure
20.1%
79.9%
Owner20.1%
Renter79.9%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Monticello, NY has changed in 5 years

Income
$38,885 → $50,583
up 30.1%
Population
7,199 → 7,279
up 1.1%
Renter share
68.6% → 79.9%
+11.3 pts
Bachelor's+
22% → 12.1%
-9.9 pts
Median age
36.5 → 35.9
-0.6 yrs

Household income in the area moved from $38,885 to $50,583 across the same window, up 30.1% versus 2021. Census counts show Monticello, NY adding about 80 residents over the five-year window, up 1.1% on net. The renter share has risen from 68.6% to 79.9%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 22% to 12.1% across the same window.

Community

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View Monticello rent history (2015–2026) →
Salary vs rent

Can you afford rent in Monticello on your salary?

At $1,617/mo, how Monticello rent compares to typical pay (30% rule).

By apartment size

Monticello rent by bedroom count

Median rent for each apartment size in Monticello. Click any size for full breakdown.

Local insights

Tips for renters in Monticello

About renting in Monticello, NY

Last updated: July 20, 2026

The median rent in Monticello is $1,617/mo as of July 2026. A studio apartment averages $950/mo while a 2-bedroom runs $1,230/mo. One-bedroom apartments average $1,050/mo and 3-bedroom units go for $1,720/mo.

At 38% of local median household income ($50,583/yr), Monticello ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Monticello an affordable city for renters?

Monticello is considered moderate for renters. At $1,617/mo, rent takes approximately 38% of the local median household income ($50,583/yr). The standard benchmark is 30%. Monticello slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Monticello?

To keep rent at or below 30% of gross income, you would need to earn at least $65,000/year (~$31/hour full-time) to afford the median rent of $1,617/mo in Monticello. The local median household income is $50,583/yr, meaning the typical Monticello household falls short of that threshold.

Is rent going up or down in Monticello?

Rent in Monticello has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Monticello rent compare to other cities in New York?

Monticello is one of the more affordable cities in New York for rent, ranking #91 out of 126 tracked cities at $1,617/mo.

Which nearby cities are cheaper to rent in than Monticello?

Ellenville is nearby and more affordable at $1,600/mo, which is $17 less than Monticello.

What percentage of Monticello residents rent vs. own?

According to Census data, approximately 79.9% of Monticello households are renters, while 20.1% are owner-occupied. With a majority renter population, Monticello has a strong rental market.

How does Monticello rent compare to the national average?

Monticello's median rent of $1,617/mo is $348 (18%) below the US national median of $1,965/mo. Within New York, it ranks #91 out of 126 tracked cities.
Income Affordability
38%
MODERATE

At $1,617/mo, rent takes ~38% of Monticello's median household income ($50,583/yr). The standard benchmark is 30%.

Monticello 38%Benchmark 30%
State income tax4–10.9%
Run the Monticello affordability calculator →
Lowest-rent ZIP codes in Monticello
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Monticello, NY

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