Cheap Apartments for Rent in the Downtown Montgomery Neighborhood of Montgomery, AL from $500 (100 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Zelda Pointe
Rent Specials
$799 - $1,099
Total Monthly Price

Total Monthly Price

Base Rent
$799 - $1,099
Total Monthly Price
$799 - $1,099
1 to 2 Bedroom Apartments Available Now

Zelda Pointe

2845 Zelda RdMontgomery, AL 36106
Affordability
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property at 7 Calhoun Rd

$850

2 Bedroom Rentals

Available Now

7 Calhoun Rd

MontgomeryAL36109

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.

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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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property at 1324 Federal Dr

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

1324 Federal Dr

MontgomeryAL36107
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Brookview Apartments
1 to 3 Bedroom Apartments

Brookview Apartments

2201 Upper Wetumpka RdMontgomery, AL 36107
  • Utilities Included
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395 Felder Ave
Studio to 1 Bedroom Apartments

395 Felder Ave

395 Felder AveMontgomery, AL 36104
  • Utilities Included

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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2018 W Fairview Ave
1 to 2 Bedroom Apartments

2018 W Fairview Ave

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

The Cottages Apartments

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

Rosa Parks Place

3050 Rosa L Parks PlMontgomery, AL 36105
Senior Living

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.

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Showing Results 1-50, Page 1 of 2

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 1 Bed unit found at Courtyard CitiFlats Apartments priced from $700. Zelda Pointe has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here are the most affordable Downtown Montgomery apartments for rent in Montgomery, AL:

Apartment ListingModel NameBed/BathPriced From
Courtyard CitiFlats Apartments1BD/1BA1BR,1BA$700
Zelda PointeThe Fitzgerald Classic1BR,1BA$799
Haltere at Barrington2 bedrooms 1 bathroom2BR,1BA$900
The BancJesse JamesStudio,1BA$950
Chase Park2 bed 2 bath2BR,2BA$975
Midtown Row Apartmentsmr2 - Studio (392 SF)Studio,1BA$1,072
Retreat at Dublin Creek2 bedroom/ 2 bath2BR,2BA$1,225
79 Commerce1/11BR,1BA$1,275
Kress on Dexter1 Bedroom1BR,1BA$1,300

Best Value Apartments for Rent in Downtown Montgomery, AL

As of April 25, 2026 the best value apartment in the Downtown Montgomery area is the $0.85 price per square foot The Buchanan 3x2 Model at The Gatsby at Midtown Apartment Living in the in the South Central Montgomery neighborhood starting from $1,320. The second greatest value Downtown Montgomery apartment is the 2 bedroom/ 2 bath Model at Retreat at Dublin Creek starting at $1,225 with a $0.98 price per square foot in the North 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.
The Gatsby at Midtown Apartment LivingThe Buchanan 3x23BR,2BA$0.85
Retreat at Dublin Creek2 bedroom/ 2 bath2BR,2BA$0.98
Chase Park3 bed 2 bath3BR,2BA$0.89
Kress on Dexter1 Bedroom1BR,1BA$1.59
The Heights ApartmentsA1 - 1BR 1BA1BR,1BA$1.69
Haltere at Barrington1 bedroom 1 bathroom1BR,1BA$1.20
79 CommerceUnit E1BR,1BA$1.75
Courtyard CitiFlats Apartments1BD/1BA1BR,1BA$1.04
Zelda PointeThe Fitzgerald Renovated1BR,1BA$1.42
1709 Miriam St, Unit 17091709 Miriam St2BR,1BA$1.04

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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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 #21

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

What is the Cheapest Studio apartment in Downtown Montgomery?

Currently the most affordable Cheap Studio Apartment in Downtown Montgomery is at The Banc listed at $950.

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 $900 at Haltere at Barrington.

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

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

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.