This paper investigates the multi-agent persistent monitoring problem via a novel distributed submodular receding horizon control approach. In order to approximate global monitoring performance, with the definition of sub-modularity, the original persistent monitoring objective is divided into several local objectives in a receding horizon framework, and the optimal trajectories of each agent are obtained by taking into account the neighborhood information. Specifically, the optimization horizon of each local objective is derived from the local target states and the information received from their neighboring agents. Based on the sub-modularity of each local objective, the distributed greedy algorithm is proposed. As a result, each agent coordinates with neighboring agents asynchronously and optimizes its trajectory independently, which reduces the computational complexity while achieving the global performance as much as possible. The conditions are established to ensure the estimation error converges to a bounded global performance. Finally, simulation results show the effectiveness of the proposed method.