Cheap Homes for Rent in Montgomery, AL from $500 (73 Rentals)

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

Montgomery, AL Local Guide

Cheapest Neighborhoods for Apartments in Montgomery, AL

Pricing Updated: 04/04/2026

Current apartment rentals in the Montgomery, AL area range in price from $595 to $3,500 with an overall median price of $2,315. The three Montgomery neighborhoods with the lowest median rent pricing are Faulkner University at $1,150, West at $695, and West Montgomery at $695. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Montgomery Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Faulkner University$1,400$1,1508
West$1,445$69514
West Montgomery$1,445$69514
Cloverdale Idlewild$1,475$1,0008
McGehee Allendale$1,500$1,0502
Southwest Montgomery$1,500$69515
Maxwell Air Force Base$1,547$69512
North$1,572$70041
North Montgomery$1,572$70041
Cottage Hill$1,600$59537

Cheapest Available Montgomery Apartments for Rent

 

The cheapest available apartment rental in Montgomery, AL is a Studio unit found at The Cypress Grove Residence in the Halcyon Park neighborhood priced from $525. 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
The Cypress Grove ResidenceTempestStudio,1BA$525
AlcoveStudioStudio,1BA$645
Beaumont Reserve at Eastern1BR1BA1BR,1BA$645
Brentwood Estates1x1Brentwood Estates1BR,1BA$665
Ravenwood ApartmentsRavenwood 1 Bed 1 Bath Medium1BR,1BA$670
The Eastern1 Bed / 1 Bath1BR,1BA$699
The Lofts on Fountain1 Bed/1 Bath1BR,1BA$699
Courtyard CitiFlats Apartments1BD/1BA1BR,1BA$700
Camelot ApartmentsApt H1BR,1BA$700
Governors Parc Apartments1 Bedroom1BR,1BA$735

Best Value Apartments for Rent in Montgomery, AL

As of April 04, 2026 the best value apartment in the Montgomery area is the $0.96 price per square foot Monroe Model at Central Park in the in the Northeast Montgomery neighborhood starting from $1,288. The second greatest value Montgomery apartment is the The Carraway 2x2 Model at The Gatsby at Midtown Apartment Living starting at $1,200 with a $0.95 price per square foot in the South Central Montgomery 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.
Central ParkMonroe2BR,2BA$0.96
The Gatsby at Midtown Apartment LivingThe Carraway 2x22BR,2BA$0.95
3181 Norman Bridge Rd, Unit 31813181 Norman Bridge Rd2BR,1BA$0.87
Liberty Square1 Bed1BR,1BA$1.00
Chase Park1 Bed 1 bath1BR,1BA$1.00
The Lofts on Fountain1 Bed/1 Bath1BR,1BA$0.86
Beaumont Reserve at Eastern1BR1BA1BR,1BA$0.81
Brentwood Estates1x1Brentwood Estates1BR,1BA$0.85
Ravenwood ApartmentsRavenwood 1 Bed 1 Bath Medium1BR,1BA$0.96
Camelot ApartmentsApt H1BR,1BA$1.00

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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Montgomery, AL
Population: 198,218

Ranked #120

in US Census Population by City

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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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See the most popular apartments and homes in Montgomery, AL

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Montgomery, AL Rental Homes Map

Frequently Asked Questions about Montgomery

What type of rentals are currently available in Montgomery?

There are currently 260 Apartments for Rent in Montgomery, AL with pricing that ranges from $525 to $5,687. There are also 298 Single Family Homes for rent, Condos, and Townhome rentals currently available in Montgomery ranging from $595 to $3,500.

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 $595 to $3,500 with an average monthly rent of $1,885.

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 $850 to $3,934, 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 $995 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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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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.

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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.