Cheap Homes for Rent in Montgomery, AL from $400 (81 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article
property at 458 Burton Ave

$750

1 Bedroom, 1 Bath Townhome for Rent

Available Now

458 Burton Ave

MontgomeryAL36104

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.

Read Article
property at 116 N Lewis St

$875

1 Bedroom, 1 Bath Home for Rent

Available Now

116 N Lewis St

MontgomeryAL36107

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.

Read Article

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.

Read Article

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.

Read Article
Showing Results 1-50, Page 1 of 2

Montgomery, AL Local Guide

Cheapest Neighborhoods for Apartments in Montgomery, AL

Pricing Updated: 12/17/2025

Current apartment rentals in the Montgomery, AL area range in price from $592 to $6,270 with an overall median price of $2,380. The three Montgomery neighborhoods with the lowest median rent pricing are Lake Forest at $659, Halcyon Park at $650, and Sturbridge at $650. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Montgomery Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Lake Forest$1,344$65962
Halcyon Park$1,449$650165
Sturbridge$1,538$650177
Southeast Montgomery$1,600$97548
Wynlakes$1,600$80069
Faulkner University$1,611$65069
Arrowhead Country Club$1,629$80036
Maxwell Air Force Base$1,846$1,02528
Lagoon Park$1,932$650101
North$1,932$7859

Cheapest Available Montgomery Apartments for Rent

 

The cheapest available apartment rental in Montgomery, AL is a 1 Bed unit found at Woodley Terrace Apartments in the South Montgomery City neighborhood priced from $625. Alcove in the Halcyon Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $645. Here is today’s list of the most affordable Montgomery apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Woodley Terrace Apartments1x1Woodley Terrace Apartments1BR,1BA$625
AlcoveStudioStudio,1BA$645
Ravenwood ApartmentsRavenwood 1 Bed 1 Bath Medium1BR,1BA$658
Brentwood Estates1x1Brentwood Estates1BR,1BA$665
Heritage View ApartmentsTwo Bedroom2BR,2BA$672
The Eastern1 Bed / 1 Bath1BR,1BA$699
Courtyard CitiFlats Apartments1BD/1BA1BR,1BA$700
Cedar Creek ApartmentsStudio ApartmentStudio,1BA$715
Sunrise Apartments1BR/1BA1BR,1BA$765
Greenbriar Apartments1 Bed / 1 Bath1BR,1BA$795

Best Value Apartments for Rent in Montgomery, AL

As of December 17, 2025 the best value apartment in the Montgomery area is the $0.55 price per square foot 2171 College St Model at 2171 College St, Unit 2171 in the in the South Montgomery City neighborhood starting from $1,075. 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.
2171 College St, Unit 21712171 College St3BR,2BA$0.55
Price Street Townhomes2 bedroom, 1.5 bath2BR,1.5BA$0.84
Chase ParkChase III3BR,2BA$0.89
Park at Meadow RidgeSanta Rosa Renovated2BR,2BA$0.91
The Park at Monticello2 bedroom, 1 bathroom2BR,1BA$0.93
Azalea Hill2 Bed 2 Bath2BR,2BA$0.81
The Lofts on Fountain2 Bed/2 Bath2BR,2BA$0.81
Heritage View ApartmentsTwo Bedroom2BR,2BA$0.65
Brentwood Estates1x1Brentwood Estates1BR,1BA$0.85
Woodley Terrace Apartments1x1Woodley Terrace Apartments1BR,1BA$0.92

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

Decorative image of map

See the most popular apartments and homes in Montgomery, AL

View Map
Montgomery, AL Apartments Map
View Map
Montgomery, AL Rental Homes Map

Frequently Asked Questions about Montgomery

What type of rentals are currently available in Montgomery?

There are currently 247 Apartments for Rent in Montgomery, AL with pricing that ranges from $592 to $6,270. There are also 401 Single Family Homes for rent, Condos, and Townhome rentals currently available in Montgomery ranging from $495 to $4,000.

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 $495 to $4,000 with an average monthly rent of $1,657.

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 $750 to $6,270, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $2,800. Four Bedroom Single-Family rentals are also available starting from $895 and Four Bedroom Apartments start at $1,295.

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 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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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

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.