Cheap Homes for Rent in Montgomery, AL from $500 (83 Rentals)

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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 116 N Lewis St

116 N Lewis St

MontgomeryAL36107

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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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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Montgomery, AL Local Guide

Cheapest Neighborhoods for Apartments in Montgomery, AL

Pricing Updated: 09/09/2025

Current apartment rentals in the Montgomery, AL area range in price from $300 to $7,200 with an overall median price of $3,855. The three Montgomery neighborhoods with the lowest median rent pricing are Sturbridge at $300, Halcyon Park at $300, and Southeast Montgomery at $975. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Montgomery Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Sturbridge$1,547$300136
Halcyon Park$1,563$300133
Southeast Montgomery$1,623$97520
Wynlakes$1,635$80033
Lake Forest$1,637$60951
Arrowhead Country Club$1,691$80017
West$1,805$7804
West Montgomery$1,805$7804
Maxwell Air Force Base$1,867$78012
Lagoon Park$3,363$300108

Cheapest Available Montgomery Apartments for Rent

 

The cheapest available apartment rental in Montgomery, AL is a 1 Bed unit found at Sunrise Extended Stay in the Halcyon Park neighborhood priced from $300. Azalea Hill in the Halcyon Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $609. Here is today’s list of the most affordable Montgomery apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Sunrise Extended Stay1 Bed 1 Bathroom Weekly1BR,1BA$300
Azalea HillStudioStudio,1BA$609
Woodley Terrace Apartments1x1Woodley Terrace Apartments1BR,1BA$625
Alcove1 Bedroom, 1 Bath1BR,1BA$691
The Lofts on Fountain1 Bed/1 Bath1BR,1BA$699
The Eastern1 Bed / 1 Bath1BR,1BA$699
Courtyard CitiFlats Apartments1BD/1BA1BR,1BA$700
Governors Parc Apartments1 Bedroom1BR,1BA$735
Ravenwood ApartmentsRavenwood 2 Bedroom 1 Bath Medium2BR,1BA$741
Anthos at Belmont3580 McGehee Place Drive S1BR,1BA$750

Best Value Apartments for Rent in Montgomery, AL

As of September 09, 2025 the best value apartment in the Montgomery area is the $0.98 price per square foot Frances Model at Barrington Place in the in the Halcyon Park neighborhood starting from $1,549. The second greatest value Montgomery apartment is the 2 bedroom, 1.5 bath Model at Price Street Townhomes starting at $1,175 with a $0.84 price per square foot in the South Montgomery City neighborhood. Here is today’s list of the best values for Montgomery apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Barrington PlaceFrances3BR,2BA$0.98
Price Street Townhomes2 bedroom, 1.5 bath2BR,1.5BA$0.84
The Gatsby at Midtown Apartment LivingThe Carraway 2x22BR,2BA$0.99
Park at Meadow RidgeSanta Rosa Renovated2BR,2BA$0.91
The Cypress Grove ResidenceMonarch2BR,2BA$0.86
335 S Capitol Pky, Unit 335335 S Capitol Pky1BR,1BA$0.80
Ravenwood ApartmentsRavenwood 2 Bed 1 Bath Small2BR,1BA$0.86
The Lofts on Fountain1 Bed/1 Bath1BR,1BA$0.86
Governors Parc Apartments1 Bedroom1BR,1BA$0.95
Woodley Terrace Apartments1x1Woodley Terrace Apartments1BR,1BA$0.92

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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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Best Local Schools in
Montgomery, AL

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Montgomery, AL Rentals by Map

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Frequently Asked Questions about Montgomery

What type of rentals are currently available in Montgomery?

There are currently 244 Apartments for Rent in Montgomery, AL with pricing that ranges from $300 to $7,200. There are also 336 Single Family Homes for rent, Condos, and Townhome rentals currently available in Montgomery ranging from $550 to $3,395.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Montgomery ranges from $550 to $3,395 with an average monthly rent of $1,620.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Montgomery range from $800 to $3,524, while Three Bedroom Homes, Condos, and Townhomes for rent range from $550 to $2,900. Four Bedroom Single-Family rentals are also available starting from $895 and Four Bedroom Apartments start at $2,817.

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.

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.