Cheap Homes for Rent in Downtown Montgomery Neighborhood of Montgomery, AL from $500 (52 Rentals)

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

property at 1933 James Ave

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700
Total Monthly Price
$700

1 Bedroom, 1 Bath Home for Rent

Available Now

1933 James Ave

MontgomeryAL36107

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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property at 116 N Lewis St

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875
Total Monthly Price
$875

1 Bedroom, 1 Bath Home for Rent

Available Now

116 N Lewis St

MontgomeryAL36107

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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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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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 Now

672 N Pass Rd

MontgomeryAL36110

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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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

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.

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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 (396 SF)Studio,1BA$990
Perry Street Flats1x1 L1BR,1BA$1,005
Retreat at Dublin Creek1 bedroom/ 1 bath1BR,1BA$1,100
The Gatsby at Midtown Apartment LivingThe Carraway 2x22BR,2BA$1,200
Kress on Dexter1 Bedroom1BR,1BA$1,300

Best Value Apartments for Rent in Downtown Montgomery, AL

As of April 10, 2026 the best value apartment in the Downtown Montgomery area is the $0.95 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 $1,200. The second greatest value Downtown Montgomery apartment is the 3 bed 2 bath Model at Chase Park starting at $1,075 with a $0.89 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$0.95
Chase Park3 bed 2 bath3BR,2BA$0.89
Retreat at Dublin Creek1 bedroom/ 1 bath1BR,1BA$1.12
The Heights ApartmentsA3 - 1BR 1BA1BR,1BA$1.50
Kress on Dexter1 Bedroom1BR,1BA$1.59
Bell LoftsFloor Plan 21BR,1BA$1.91
Haltere at Barrington1 bedroom 1 bathroom1BR,1BA$1.20
Perry Street Flats1x1 L1BR,1BA$1.39
Courtyard CitiFlats Apartments1BD/1BA1BR,1BA$1.04
Zelda PointeThe Fitzgerald Renovated1BR,1BA$1.42

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 #19

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 Downtown Montgomery

What type of rentals are currently available in Downtown Montgomery?

There are currently 116 Apartments for Rent in Downtown Montgomery, AL with pricing that ranges from $660 to $4,711. There are also 95 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Montgomery ranging from $595 to $2,475.

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 $595 to $2,475 with an average monthly rent of $1,411.

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 $995 to $2,197, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $2,475. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $1,000.

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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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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.