Cheap Homes for Rent in Montgomery, AL from $500 (71 Rentals)

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Montgomery, AL Local Guide

Cheapest Neighborhoods for Apartments in Montgomery, AL

Pricing Updated: 06/26/2025

Current apartment rentals in the Montgomery, AL area range in price from $550 to $3,300 with an overall median price of $2,105. The three Montgomery neighborhoods with the lowest median rent pricing are Southwest Montgomery at $700, Vaughn Meadows at $925, and West at $700. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Montgomery Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Southwest Montgomery$1,050$7004
Vaughn Meadows$1,195$9252
West$1,250$7008
West Montgomery$1,250$7008
Hillwood$1,300$1,0501
Cottage Hill$1,450$65011
Garden District$1,500$55038
Cloverdale Idlewild$1,647$6502
South Hull$1,695$65034
South Montgomery City$1,695$92510

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 $619. 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$619
Ravenwood ApartmentsRavenwood 1 Bed 1 Bath S1BR,1BA$627
AlcoveStudioStudio,1BA$645
Brentwood Estates1x1Brentwood Estates1BR,1BA$665
Classic Villas1x11BR,1BA$680
The EasternWelcome to The Eastern - 1 Bed | 1 Bath1BR,1BA$699
The Lofts on FountainWelcome to The Lofts on Fountain - 1 Bed | 1 Bath1BR,1BA$699
Beaumont Reserve at Eastern1BR1BA1BR,1BA$706
Cedar Creek ApartmentsStudio ApartmentStudio,1BA$715

Best Value Apartments for Rent in Montgomery, AL

As of June 27, 2025 the best value apartment in the Montgomery area is the $0.94 price per square foot The Fitzgerald 3x2 Model at The Gatsby at Midtown Apartment Living in the in the South Central Montgomery neighborhood starting from $1,650. The second greatest value Montgomery apartment is the The Shakespeare Model at Elevate 5050 starting at $1,121 with a $0.89 price per square foot in the Halcyon Park 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.
The Gatsby at Midtown Apartment LivingThe Fitzgerald 3x23BR,2BA$0.94
Elevate 5050The Shakespeare2BR,1BA$0.89
Retreat at Dublin Creek2 bedroom/ 2 bath2BR,2BA$0.92
The Cypress Grove ResidenceMonarch2BR,2BA$0.86
402 Federal Dr, Unit 402 C402 Federal Dr2BR,1BA$0.95
The Lofts on FountainWelcome to The Lofts on Fountain - 1 Bed | 1 Bath1BR,1BA$0.86
Beaumont Reserve at Eastern1BR1BA1BR,1BA$0.88
Brentwood Estates1x1Brentwood Estates1BR,1BA$0.85
Classic Villas1x11BR,1BA$0.95
Ravenwood ApartmentsRavenwood 1 Bed 1 Bath Small R1BR,1BA$0.93

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Frequently Asked Questions about Montgomery

What type of rentals are currently available in Montgomery?

There are currently 249 Apartments for Rent in Montgomery, AL with pricing that ranges from $300 to $6,530. There are also 268 Single Family Homes for rent, Condos, and Townhome rentals currently available in Montgomery ranging from $550 to $3,300.

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 $3,300 with an average monthly rent of $1,671.

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 $900 to $4,080, 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 $725 and Four Bedroom Apartments start at $3,090.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.