Cheap Apartments for Rent in the Downtown Montgomery Neighborhood of Montgomery, AL from $500 (114 Rentals)

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

property at 1314 S Hull St

$700 - $925

1 To 2 Bedroom Rentals

Available Now

1314 S Hull St

MontgomeryAL36104

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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property at 7 Calhoun Rd

$850

2 Bedroom Rentals

Available Now

7 Calhoun Rd

MontgomeryAL36109

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Zelda Pointe
$899 - $1,119
Total Monthly Price

Total Monthly Price

Base Rent
$899 - $1,119
Total Monthly Price
$899 - $1,119
1 to 2 Bedroom Apartments Available Now

Zelda Pointe

2845 Zelda RdMontgomery, AL 36106
Family Friendly
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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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property at 1324 Federal Dr

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

2 Bedroom, 1 Bath Home for Rent

Available Now

1324 Federal Dr

MontgomeryAL36107
property at 672 N Pass Rd

$1,034

Total Monthly Price

Total Monthly Price

Base Rent
$1,034
Total Monthly Price
$1,034

3 Bedroom, 2 Bath Townhome for Rent

Available Aug 1

672 N Pass Rd

MontgomeryAL36110

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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Showing Results 1-50, Page 1 of 3

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 Lofts at Cottage Hill (CS) priced from $725. Heritage View Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $749. Here are the most affordable Downtown Montgomery apartments for rent in Montgomery, AL:

Apartment ListingModel NameBed/BathPriced From
Lofts at Cottage Hill (CS)Lofts at Cottage Hill (CS) - 501A1BR,1BA$725
Heritage View ApartmentsTwo Bedroom2BR,2BA$749
EP on Lower Wetumpka1 bedroom 1 bathroom1BR,1BA$750
1115-1125 Magnolia Curv11152BR,1BA$840
33 Vonora AveBdrm31BR,1BA$925
The BancJesse JamesStudio,1BA$950
Zelda PointeThe Gatsby Classic2BR,2BA$999
Cloverdale QuarterC1BR,1BA$1,100

Best Value Apartments for Rent in Downtown Montgomery, AL

As of July 24, 2026 the best value apartment in the Downtown Montgomery area is the $0.95 price per square foot 2 x 2 R Model at Gatsby at Midtown in the in the South Central Montgomery neighborhood starting from $1,200. The second greatest value Downtown Montgomery apartment is the 2 bed 2 bath Model at Chase Park starting at $1,150 with a $1.04 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.
Gatsby at Midtown2 x 2 R2BR,2BA$0.95
Chase Park2 bed 2 bath2BR,2BA$1.04
Cloverdale QuarterC1BR,1BA$1.05
Heritage View ApartmentsTwo Bedroom2BR,2BA$0.73
Zelda PointeThe Gatsby Renovated2BR,2BA$1.10
1115-1125 Magnolia Curv11152BR,1BA$0.90
EP on Lower Wetumpka1 bedroom 1 bathroom1BR,1BA$1.07
3022 Windsor Ave, Unit Converted Garage Studio3022 Windsor Ave1BR,1BA$1.21
Lofts at Cottage Hill (CS)Lofts at Cottage Hill (CS) - 501A1BR,1BA$1.11
1108 Saint James St, Unit 11081108 Saint James St2BR,1BA$1.08

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 #29

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

Pet Friendliness Lifestyle Score

2.5
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 $725 at Lofts at Cottage Hill (CS).

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 $749 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 $1,250.

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 Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.