Cheap Homes for Rent in Downtown Montgomery Neighborhood of Montgomery, AL from $500 (32 Rentals)

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

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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. Chase Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Downtown Montgomery apartments for rent in Montgomery, AL:

Apartment ListingModel NameBed/BathPriced From
Heritage View ApartmentsTwo Bedroom2BR,2BA$672
Chase ParkChase I1BR,1BA$850
Zelda PointeThe Gatsby Classic2BR,2BA$1,024
The BancJesse JamesStudio,1BA$1,050
The Gatsby at Midtown Apartment LivingThe Carraway 2x22BR,2BA$1,220
Retreat at Dublin Creek2 bedroom/ 2 bath2BR,2BA$1,228
79 CommerceUnit E1BR,1BA$1,250
The Printing Press LoftsG1BR,1BA$1,275
Kress on Dexter1 Bedroom1BR,1BA$1,300

Best Value Apartments for Rent in Downtown Montgomery, AL

As of July 15, 2025 the best value apartment in the Downtown Montgomery area is the $0.97 price per square foot The Carraway 2x2 Model at The Gatsby at Midtown Apartment Living in the in the South Central Montgomery neighborhood starting from $1,220. The second greatest value Downtown Montgomery apartment is the 2 bedroom/ 2 bath Model at Retreat at Dublin Creek starting at $1,228 with a $0.99 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 Carraway 2x22BR,2BA$0.97
Retreat at Dublin Creek2 bedroom/ 2 bath2BR,2BA$0.99
Kress on Dexter2 Bedroom2BR,2BA$1.48
Bell LoftsFloor Plan 52BR,2BA$1.69
Heritage View ApartmentsTwo Bedroom2BR,2BA$0.65
Zelda PointeThe Gatsby Classic2BR,2BA$1.01
929 Madison Ave, Unit 929929 Madison Ave2BR,1BA$1.20
Chase ParkChase I1BR,1BA$1.00
The HeightsA2 - 1BR 1BA1BR,1BA$1.83
79 CommerceUnit B1BR,1BA$1.69

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Frequently Asked Questions about Downtown Montgomery

What type of rentals are currently available in Downtown Montgomery?

There are currently 112 Apartments for Rent in Downtown Montgomery, AL with pricing that ranges from $592 to $4,950. There are also 85 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Montgomery ranging from $550 to $2,800.

What is the current price range for Rental Homes in Downtown Montgomery?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Montgomery ranges from $550 to $2,800 with an average monthly rent of $1,227.

How much are larger Three and Four Bedroom Rentals in Downtown Montgomery?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Montgomery range from $1,075 to $2,422, while Three Bedroom Homes, Condos, and Townhomes for rent range from $695 to $2,800. Four Bedroom Single-Family rentals are also available starting from $895 and Four Bedroom Apartments start at $2,850.

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.