Cheap Apartments for Rent in the Lagoon Park Neighborhood of Montgomery, AL from $300 (55 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Lagoon Park area of 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

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 1324 Federal Dr

$1,000

2 Bedroom, 1 Bath Home for Rent

Available Feb 1, 2026

1324 Federal Dr

MontgomeryAL36107
close
View Me
Sunrise Extended Stay
1 to 2 Bedroom Apartments

Sunrise Extended Stay

5601 Carmichael RdMontgomery, AL 36117
Corporate Housing
  • Utilities Included

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
close
View Me
Magnolia Terrace
1 to 2 Bedroom Apartments

Magnolia Terrace

155 Sylvest DrMontgomery, AL 36117
close
View Me
Tuscany at Midtown
1 to 3 Bedroom Apartments

Tuscany at Midtown

4054 Beth Manor DrMontgomery, AL 36109
close
View Me
Turtle Place
1 to 2 Bedroom Apartments

Turtle Place

455 S Eastdale RdMontgomery, AL 36117
close
View Me
Vista Terrace
2 to 3 Bedroom Apartments

Vista Terrace

650 Vista Terrace DrMontgomery, AL 36110
  • Utilities Included

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
close
View Me
Eastdale Oaks
1 to 2 Bedroom Apartments

Eastdale Oaks

425 N Burbank DrMontgomery, AL 36117

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

Lagoon Park, Montgomery, AL Local Guide

Cheapest Available Lagoon Park Apartments for Rent

 

The cheapest available apartment rental in the Lagoon Park area of Montgomery, AL is a Studio unit found at The Cypress Grove Residence priced from $525. Alcove has the second lowest priced unit, which is a Studio apartment currently listed from $645. Here are the most affordable Lagoon Park apartments for rent in Montgomery, AL:

Apartment ListingModel NameBed/BathPriced From
The Cypress Grove ResidenceTempestStudio,1BA$525
AlcoveStudioStudio,1BA$645
Cedar Creek ApartmentsStudio ApartmentStudio,1BA$715
Sunrise Apartments1BR/1BA1BR,1BA$765
Woodmere Reserve1 Bed/1 Bath1BR,1BA$799
Reserve at Boardwalk1|1 6121 Boardwalk Blvd1BR,1BA$800
Bristol DownsTHE CLIFTON1BR,1BA$806
The Retreat at Eddins Apartments1 Bedroom/1 Bath1BR,1BA$825
The Park at Monticello1 bedroom, 1 bathroom1BR,1BA$825
Stratford VillageBrighton1BR,1BA$839

Best Value Apartments for Rent in Lagoon Park, AL

As of December 20, 2025 the best value apartment in the Lagoon Park area is the $0.99 price per square foot The Carraway 2x2 Model at The Gatsby at Midtown Apartment Living in the in the South Central Montgomery neighborhood starting from $1,250. The second greatest value Lagoon Park apartment is the Chase III Model at Chase Park starting at $1,075 with a $0.89 price per square foot in the North Montgomery neighborhood. Here is today’s list of the best values for Lagoon Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Gatsby at Midtown Apartment LivingThe Carraway 2x22BR,2BA$0.99
Chase ParkChase III3BR,2BA$0.89
Park at Meadow RidgeSanta Rosa Renovated2BR,2BA$0.91
Azalea Hill2 Bed 2 Bath2BR,2BA$0.81
Legacy at Festival2 Bedroom Two Bathroom-Upgraded2BR,2BA$1.04
Central ParkAspen1BR,1BA$1.13
Eastdale Oaks1 bd / 1 bath1BR,1BA$1.15
The Park at Monticello1 bedroom, 1 bathroom1BR,1BA$1.14
Woodmere Reserve1 Bed/1 Bath1BR,1BA$1.16
The Retreat at Eddins Apartments1 Bedroom/1 Bath1BR,1BA$1.20

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

Pet Friendly Lifestyle
Lagoon Park, Montgomery, AL

Ranked #21

Among cities in Alabama for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

decorative image of woman handing cat to small boy

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including Montgomery. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for convenient access to the outdoors, luxury amenities, pet-friendly features, family-friendliness, proximity to transit, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Lagoon Park Apartments

What is a cheap apartment in Lagoon Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lagoon Park is under $839.

What is the price of a cheap apartment in Lagoon Park?

The cheapest apartment in Lagoon Park is Sunrise Apartments which is listed at $765, while the average apartment in Lagoon Park costs $2,116.

What types of apartments are the cheapest in Lagoon Park?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 5 regular apartments in Lagoon Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lagoon Park?

Cheap apartments in Lagoon Park have an average cost of $518 which is $1,598 cheaper than the average rent for all rentals in Lagoon Park.

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.