Cheap Apartments for Rent in the Hillwood Neighborhood of Montgomery, AL from $500 (19 Rentals)

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

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Showing Results 1-19, Page 1 of 1

Cheapest Available Hillwood Apartments for Rent

 

The cheapest available apartment rental in the Hillwood area of Montgomery, AL is a Studio unit found at The Cypress Grove Residence priced from $525. Alcove has the second lowest priced unit, which is a Studio apartment currently listed from $645. Here are the most affordable Hillwood apartments for rent in Montgomery, AL:

Apartment ListingModel NameBed/BathPriced From
The Cypress Grove ResidenceTempestStudio,1BA$525
AlcoveStudioStudio,1BA$645
Ravenwood ApartmentsRavenwood 1 Bed 1 Bath Medium1BR,1BA$673
The Eastern1 Bed / 1 Bath1BR,1BA$699
The Lofts on Fountain1 Bed/1 Bath1BR,1BA$699

Best Value Apartments for Rent in Hillwood, AL

As of January 11, 2026 the best value apartment in the Hillwood area is the $0.84 price per square foot 2 bedroom, 1.5 bath Model at Price Street Townhomes in the in the South Montgomery City neighborhood starting from $1,175. The second greatest value Hillwood 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 Hillwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Price Street Townhomes2 bedroom, 1.5 bath2BR,1.5BA$0.84
The Gatsby at Midtown Apartment LivingThe Carraway 2x22BR,2BA$0.99
402 Federal Dr, Unit 402 C402 Federal Dr2BR,1BA$0.95
Park at Meadow RidgeSeacrest Renovated1BR,1BA$1.03
Liberty Square1 Bed1BR,1BA$1.00
The Lofts on Fountain1 Bed/1 Bath1BR,1BA$0.86
Beaumont Reserve at Eastern1BR1BA1BR,1BA$1.00
Anthos at Belmont3580 McGehee Place Drive S1BR,1BA$1.06
Ravenwood ApartmentsRavenwood 1 Bed 1 Bath Medium1BR,1BA$0.96
The Eastern1 Bed / 1 Bath1BR,1BA$1.02

Frequently Asked Questions about Cheap Hillwood Apartments

What is a cheap apartment in Hillwood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Hillwood is under $800.

What is the price of a cheap apartment in Hillwood?

The cheapest apartment in Hillwood is Ravenwood Apartments which is listed at $671, while the average apartment in Hillwood costs $1,372.

What types of apartments are the cheapest in Hillwood?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 5 regular apartments in Hillwood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Hillwood?

Cheap apartments in Hillwood have an average cost of $1,010 which is $362 cheaper than the average rent for all rentals in Hillwood.

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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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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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!