Cheap Apartments for Rent in Montgomery, AL from $300 (119 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Montgomery.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Read Article
property at 139 Mt Vernon Dr

$750 - $1,000

3 To 4 Bedroom Rentals

Available Now

139 Mt Vernon Dr

MontgomeryAL36105

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Read Article

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article
property at 1419 S Perry St

$925 - $1,350

1 To 3 Bedroom Rentals

Available Now

1419 S Perry St

MontgomeryAL36104

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article
Showing Results 1-50, Page 1 of 3

Montgomery, AL Local Guide

Photo of Staff Writer - Local Guide Expert
Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Montgomery, AL

Pricing Updated: 12/26/2025

Current apartment rentals in the Montgomery, AL area range in price from $525 to $6,270 with an overall median price of $2,610. The three Montgomery neighborhoods with the lowest median rent pricing are Lake Forest at $669, Halcyon Park at $525, and Sturbridge at $525. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Montgomery Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Lake Forest$1,354$66972
Halcyon Park$1,495$525182
Sturbridge$1,495$525188
Southeast Montgomery$1,655$82548
Wynlakes$1,655$80079
Arrowhead Country Club$1,679$80048
Faulkner University$1,699$52582
Maxwell Air Force Base$1,864$1,10029
Lagoon Park$2,104$525113
North$2,104$7858

Cheapest Available Montgomery Apartments for Rent

 

The cheapest available apartment rental in Montgomery, AL is a Studio unit found at The Cypress Grove Residence in the Halcyon Park neighborhood priced from $525. Woodley Terrace Apartments in the South Montgomery City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $625. Here is today’s list of the most affordable Montgomery apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Cypress Grove ResidenceTempestStudio,1BA$525
Woodley Terrace Apartments1x1Woodley Terrace Apartments1BR,1BA$625
AlcoveStudioStudio,1BA$645
Courtyard CitiFlats Apartments1BD/1BA Studio1BR,1BA$660
Brentwood Estates1x1Brentwood Estates1BR,1BA$665
Azalea HillStudioStudio,1BA$669
The Eastern1 Bed / 1 Bath1BR,1BA$699
Cedar Creek ApartmentsStudio ApartmentStudio,1BA$715
Ravenwood ApartmentsRavenwood 2 Bed 1 Bath Small2BR,1BA$715
Sunrise Apartments1BR/1BA1BR,1BA$765

Best Value Apartments for Rent in Montgomery, AL

As of December 26, 2025 the best value apartment in the Montgomery area is the $0.55 price per square foot 2171 College St Model at 2171 College St, Unit 2171 in the in the South Montgomery City neighborhood starting from $1,075. The second greatest value Montgomery apartment is the 2 bedroom, 1.5 bath Model at Price Street Townhomes starting at $1,175 with a $0.84 price per square foot in the South Montgomery City neighborhood. Here is today’s list of the best values for Montgomery apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2171 College St, Unit 21712171 College St3BR,2BA$0.55
Price Street Townhomes2 bedroom, 1.5 bath2BR,1.5BA$0.84
Chase ParkChase III3BR,2BA$0.89
Park at Meadow RidgeSanta Rosa Renovated2BR,2BA$0.89
Stratford VillageOxford3BR,2BA$0.94
Azalea Hill2 Bed 2 Bath2BR,2BA$0.81
The Lofts on Fountain2 Bed/2 Bath2BR,2BA$0.81
Ravenwood ApartmentsRavenwood 2 Bed 1 Bath Small2BR,1BA$0.77
Brentwood Estates1x1Brentwood Estates1BR,1BA$0.85
Woodley Terrace Apartments1x1Woodley Terrace Apartments1BR,1BA$0.92

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Read Article
Decorative image

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Read Article
Decorative image

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Montgomery Overview

Montgomery is a city rich in culture, history, food and entertainment. From your Montgomery Apartments, you’ll have full ability to explore, discover and enjoy all that Montgomery has to offer. With only around 206 thousand people as of the last census, Montgomery is one of those bustling cities with a small town feel. Let’s explore some of the great things that this little city has to offer.

Why live in Montgomery, AL?

What really makes Montgomery great is the warm weather and the great people. Montgomery is a place that lives and breathes a rich history, but like only certain cities has moved into the modern age without losing its casual and friendly charm.

Best Local Schools in
Montgomery, AL

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Montgomery, AL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Montgomery, AL

View Map
Montgomery, AL Apartments Map
View Map
Montgomery, AL Rental Homes Map

Frequently Asked Questions about Cheap Montgomery Apartments

What is a cheap apartment in Montgomery?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Montgomery is under $765.

What is the price of a cheap apartment in Montgomery?

The cheapest apartment in Montgomery is Woodley Terrace Apartments which is listed at $625, while the average apartment in Montgomery costs $2,610.

What types of apartments are the cheapest in Montgomery?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 100 regular apartments in Montgomery that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Montgomery?

Cheap apartments in Montgomery have an average cost of $362 which is $2,248 cheaper than the average rent for all rentals in Montgomery.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips article

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!