Search the lowest-cost Apartments available for rent right now in the Lagoon Park area of Montgomery.
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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Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lagoon Park Studio Apartments | $858 | $525 | $1,467 |
| Lagoon Park 1 Bedroom Apartments | $924 | $645 | $1,946 |
| Lagoon Park 2 Bedroom Apartments | $1,066 | $710 | $3,721 |
| Lagoon Park 3 Bedroom Apartments | $1,444 | $900 | $4,125 |
| Lagoon Park 4 Bedroom Apartments | $2,417 | $1,295 | $4,721 |
There are currently 50 rentals with your search options within a 3 mile radius of the Lagoon Park Neighborhood of Montgomery, AL.
See all Apartments in MontgomeryThe 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. Birchwood Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $645. Here are the most affordable Lagoon Park apartments for rent in Montgomery, AL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Cypress Grove Residence | Tempest | Studio,1BA | $525 |
| Birchwood Apartments | 1/1.00 | 1BR,1BA | $645 |
| Alcove | Studio | Studio,1BA | $645 |
| Tuscany at Midtown | 1/1.00 | 1BR,1BA | $725 |
| Cedar Creek Apartments | Studio | Studio,1BA | $750 |
| The Mark | 1/1.00 | 1BR,1BA | $750 |
| Sunrise Apartments | 1BR | 1BR,1BA | $765 |
| Woodmere Reserve | 1 Bed/1 Bath | 1BR,1BA | $799 |
| Bristol Downs | THE CLIFTON | 1BR,1BA | $806 |
| Stratford Village | Brighton | 1BR,1BA | $824 |
As of June 14, 2026 the best value apartment in the Lagoon Park area is the $0.86 price per square foot 3 x 2 R Model at Gatsby at Midtown in the in the South Central Montgomery neighborhood starting from $1,345. The second greatest value Lagoon Park apartment is the 2 Bed 2 Bath Model at Azalea Hill starting at $1,069 with a $0.94 price per square foot in the Halcyon Park neighborhood. Here is today’s list of the best values for Lagoon Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Gatsby at Midtown | 3 x 2 R | 3BR,2BA | $0.86 |
| Azalea Hill | 2 Bed 2 Bath | 2BR,2BA | $0.94 |
| Chase Park | 2 bed 2 bath | 2BR,2BA | $1.04 |
| Turtle Place | 2/2.00 | 2BR,1BA | $0.81 |
| Zelda Pointe | The Gatsby Renovated | 2BR,2BA | $0.95 |
| Addison Park | B1 | 2BR,1.5BA | $1.05 |
| Park at Meadow Ridge | Seacrest Renovated | 1BR,1BA | $1.01 |
| The Mark | 1/1.00 | 1BR,1BA | $0.88 |
| Birchwood Apartments | 1/1.00 | 1BR,1BA | $0.88 |
| Tuscany at Midtown | 1/1.00 | 1BR,1BA | $1.01 |
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 ArticleFrom 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.
Read ArticleThe 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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Write a ReviewAmong cities in Alabama for Apartment listings with Pet Friendly Amenities.
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!
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lagoon Park is under $824.
The cheapest apartment in Lagoon Park is Birchwood Apartments which is listed at $645, while the average apartment in Lagoon Park costs $2,597.
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 14 regular apartments in Lagoon Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Cheap apartments in Lagoon Park have an average cost of $348 which is $2,249 cheaper than the average rent for all rentals in Lagoon Park.
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