Cheap Apartments for Rent in the Downtown Montgomery Neighborhood of Montgomery, AL from $500 (37 Rentals)

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

property at 139 Mt Vernon Dr

139 Mt Vernon Dr

MontgomeryAL36105

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.

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.

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395 Felder Ave
Studio to 1 Bedroom Apartments

395 Felder Ave

395 Felder AveMontgomery, AL 36104
  • Utilities Included
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Brookview Apartments
1 to 3 Bedroom Apartments

Brookview Apartments

2201 Upper Wetumpka RdMontgomery, AL 36107
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2018 W Fairview Ave
1 to 2 Bedroom Apartments

2018 W Fairview Ave

2018 W Fairview AveMontgomery, AL 36108
Senior Living
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The Cottages Apartments
Studio to 1 Bedroom Apartments

The Cottages Apartments

550 Clay StMontgomery, AL 36104
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Rosa Parks Place
1 Bedroom Apartments

Rosa Parks Place

3050 Rosa L Parks PlMontgomery, AL 36105
Senior Living

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.

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Freedom Village
2 Bedroom Apartments

Freedom Village

1778 Edgar D Nixon AvenueMontgomery, AL 36104
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Vista Terrace
2 to 3 Bedroom Apartments

Vista Terrace

650 Vista Terrace DrMontgomery, AL 36110
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Country Club Place
1 to 2 Bedroom Apartments

Country Club Place

1631 E Fairview AveMontgomery, AL 36106
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Perry Street Flats
1 Bedroom Apartments

Perry Street Flats

547 S Perry StMontgomery, AL 36104
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2424 Agnew St
Studio to 2 Bedroom Apartments

2424 Agnew St

2424 Agnew StMontgomery, AL 36106

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.

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2439 College St
2 Bedroom Apartments

2439 College St

2439 College StMontgomery, AL 36106

Downtown Montgomery, Montgomery, AL Local Guide

Cheapest Available Downtown Montgomery Apartments for Rent

 

The cheapest available apartment rental in the Downtown Montgomery area of Montgomery, AL is a 2 Beds unit found at Heritage View Apartments priced from $672. Courtyard CitiFlats Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable Downtown Montgomery apartments for rent in Montgomery, AL:

Apartment ListingModel NameBed/BathPriced From
Heritage View ApartmentsTwo Bedroom2BR,2BA$672
Courtyard CitiFlats Apartments1BD/1BA1BR,1BA$700
Chase ParkChase I1BR,1BA$850
Haltere at Barrington2 bedrooms 1 bathroom2BR,1BA$900
Zelda PointeThe Fitzgerald Classic1BR,1BA$914
The BancJesse JamesStudio,1BA$950
The Castle in Cloverdale1 Bed/1 Bath1BR,2BA$999
Retreat at Dublin Creek1 bedroom/ 1 bath1BR,1BA$1,075
The Gatsby at Midtown Apartment LivingThe Carraway 2x22BR,2BA$1,250

Best Value Apartments for Rent in Downtown Montgomery, AL

As of October 22, 2025 the best value apartment in the Downtown Montgomery area is the $1.06 price per square foot House Model at 505 Felder Ave in the in the Maxwell Heights neighborhood starting from $1,900. The second greatest value Downtown Montgomery apartment is the The Carraway 2x2 Model at The Gatsby at Midtown Apartment Living starting at $1,250 with a $0.99 price per square foot in the South Central Montgomery neighborhood. Here is today’s list of the best values for Downtown Montgomery apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
505 Felder AveHouse3BR,2.5BA$1.06
The Gatsby at Midtown Apartment LivingThe Carraway 2x22BR,2BA$0.99
416 Grove St, Unit 416416 Grove St2BR,1BA$1.00
79 CommerceUnit H2BR,2BA$1.44
Heritage View ApartmentsTwo Bedroom2BR,2BA$0.65
Retreat at Dublin Creek1 bedroom/ 1 bath1BR,1BA$1.09
The Castle in Cloverdale1 Bed/1 Bath1BR,2BA$1.05
Chase ParkChase I1BR,1BA$1.00
Haltere at Barrington1 bedroom 1 bathroom1BR,1BA$1.20
Courtyard CitiFlats Apartments1BD/1BA1BR,1BA$1.12

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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.

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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.

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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.

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Pet Friendly Lifestyle
Downtown Montgomery, Montgomery, AL

Ranked #14

Among cities in Alabama for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap Downtown Montgomery Apartments

How much is rent for a Cheap One Bedroom Downtown Montgomery Apartment?

The lowest price for a Cheap One Bedroom Downtown Montgomery Apartment is $700 at Courtyard CitiFlats Apartments.

What is the lowest price for a Cheap Two Bedroom Downtown Montgomery Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Montgomery is starting from $672 at Heritage View Apartments.

What is the most affordable Downtown Montgomery Three Bedroom Apartment?

The best deal on a cheap Downtown Montgomery Three Bedroom Apartment rental is at Chase Park and starts from $1,075.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.