Cheap Homes for Rent in Montgomery, AL from $500 (87 Rentals)

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

property at 2659 Woodley Park Dr

$525 - $650

Total Monthly Price

Total Monthly Price

Base Rent
$525 - $650
Total Monthly Price
$525 - $650

1 Bedroom, 1.5 Bath Condo for Rent

Available Now

2659 Woodley Park Dr

MontgomeryAL36116

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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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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

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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property at 105 Arlington Rd

$925

2 Bedroom, 1 Bath Home for Rent

Available Now

105 Arlington Rd

MontgomeryAL36105

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 111 Havenwood Way

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

2 Bedroom, 2 Bath Home for Rent

Available Aug 9

111 Havenwood Way

MontgomeryAL36117

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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Showing Results 1-50, Page 1 of 2

Montgomery, AL Local Guide

Cheapest Neighborhoods for Apartments in Montgomery, AL

Pricing Updated: 05/20/2026

Current apartment rentals in the Montgomery, AL area range in price from $525 to $3,950 with an overall median price of $2,044. The three Montgomery neighborhoods with the lowest median rent pricing are West at $750, West Montgomery at $750, and Southwest Montgomery at $750. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Montgomery Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
West$1,325$75013
West Montgomery$1,325$75013
Southwest Montgomery$1,375$75016
Highland Gardens$1,400$62558
Chisolm$1,512$62569
Maxwell Air Force Base$1,650$75015
McGehee Allendale$1,650$1,0505
North$1,650$69548
North Montgomery$1,650$69548
North Central Montgomery$1,750$62529

Cheapest Available Montgomery Apartments for Rent

 

The cheapest available apartment rental in Montgomery, AL is a 1 Bed unit found at Camelot Apartments in the South Central Montgomery neighborhood priced from $495. The Cypress Grove Residence in the Halcyon Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $525. Here is today’s list of the most affordable Montgomery apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Camelot ApartmentsApt H1BR,1BA$495
The Cypress Grove ResidenceTempestStudio,1BA$525
AlcoveStudioStudio,1BA$645
Birchwood Apartments1/1.001BR,1BA$645
Beaumont Reserve at Eastern1BR1BA1BR,1BA$645
3415 Gilmer CtFurnished Unit2BR,1BA$650
Brentwood Estates1x1Brentwood Estates1BR,1BA$665
Heritage View ApartmentsTwo Bedroom2BR,2BA$672
Midtown Oaks1/1.001BR,1BA$675

Best Value Apartments for Rent in Montgomery, AL

As of May 20, 2026 the best value apartment in the Montgomery area is the $0.65 price per square foot Two Bedroom Model at Heritage View Apartments in the in the Maxwell Heights neighborhood starting from $672. The second greatest value Montgomery apartment is the Ravenwood 2 Bedroom 1 Bath Medium Model at Ravenwood Apartments starting at $745 with a $0.72 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.
Heritage View ApartmentsTwo Bedroom2BR,2BA$0.65
Ravenwood ApartmentsRavenwood 2 Bedroom 1 Bath Medium2BR,1BA$0.72
Tuscany at Midtown2/1.002BR,1BA$0.86
Camelot ApartmentsApt D2BR,2BA$0.77
The Mark1/1.001BR,1BA$0.88
Turtle Place1/1.001BR,1BA$0.88
The Lofts on Fountain1 Bed/1 Bath1BR,1BA$0.86
Beaumont Reserve at Eastern1BR1BA1BR,1BA$0.81
Brentwood Estates1x1Brentwood Estates1BR,1BA$0.85
Birchwood Apartments1/1.001BR,1BA$0.88

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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Frequently Asked Questions about Montgomery

What type of rentals are currently available in Montgomery?

There are currently 270 Apartments for Rent in Montgomery, AL with pricing that ranges from $500 to $6,049. There are also 336 Single Family Homes for rent, Condos, and Townhome rentals currently available in Montgomery ranging from $525 to $3,950.

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 $525 to $3,950 with an average monthly rent of $1,549.

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 $500 to $5,059, while Three Bedroom Homes, Condos, and Townhomes for rent range from $695 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,000 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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.