
Cheap Apartments for Rent in the Lagoon Park Neighborhood of Montgomery, AL from $300 (67 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lagoon Park area of Montgomery.


Birchwood Apartments

Total Monthly Price
Azalea Hill

Tuscany at Midtown

3017 McQueen St

The Mark

Turtle Place

Total Monthly Price
Cedar Creek Apartments

Total Monthly Price
Sunrise Apartments

7 Calhoun Rd
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Alcove

Stratford Village

Woodmere Reserve

Total Monthly Price
Bristol Downs

10 Brantwood Dr

7 Calhoun Rd

Total Monthly Price
Retreat at Eddins

Total Monthly Price
The Park at Monticello

119 N Pennsylvania St, Unit 119 N Penn B

Total Monthly Price
Addison Park
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

15 Oak Forest Dr

Chase Park

480 Eastdale Rd S

Total Monthly Price
Zelda Pointe

Park at Meadow Ridge

Total Monthly Price
Gazebo East

Total Monthly Price
402 Federal Dr, Unit 402 B

Legacy at Festival

1014 Rosedale Dr

672 N Pass Rd
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
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.

208 Bradley Dr

929 Parkwood Dr

Central Park

516 Lawndale Ln

Total Monthly Price
1576 Ann St, Unit Apt C

101 Oak Forest Dr

Sunrise Extended Stay

Magnolia Terrace

Shady Oaks Apartments

2015 Rigby St
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.

Eastbrook Apartments 1 & 2 (PI)

Morningview Apartments

446 Heustess St

643 Plantation Way

1 W. Wareingwood Dr.(g)

Reserve at Boardwalk

Vista Terrace

Bonnie Crest Apartments

2521 Chestnut St

3 Mimosa Dr
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.
Lagoon Park, Montgomery, AL Local Guide

How much does it cost to rent an apartment in Lagoon Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lagoon Park Studio Apartments | $872 | $525 | $1,467 |
| Lagoon Park 1 Bedroom Apartments | $921 | $645 | $1,567 |
| Lagoon Park 2 Bedroom Apartments | $1,091 | $710 | $5,266 |
| Lagoon Park 3 Bedroom Apartments | $1,732 | $900 | $5,626 |
| Lagoon Park 4 Bedroom Apartments | $2,886 | $1,295 | $7,236 |
Browse Apartments in this Neighborhood
There are currently 67 rentals with your search options within a 3 mile radius of the Lagoon Park Neighborhood of Montgomery, AL.
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Lagoon Park, Montgomery, AL Local Guide
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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. Cedar Creek Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $750. 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 |
| Cedar Creek Apartments | Studio | Studio,1BA | $750 |
| Eastbrook Apartments 1 & 2 (PI) | Eastbrook Apartments 1 & 2 (532-646) (PI) - 532C | 1BR,1BA | $750 |
| Alcove | Premium Studio | Studio,1BA | $783 |
| Woodmere Reserve | 1 Bed/1 Bath | 1BR,1BA | $799 |
| Stratford Village | Brighton | 1BR,1BA | $799 |
| Bristol Downs | THE CLIFTON | 1BR,1BA | $806 |
| Bonnie Crest Apartments | Bonnie Crest Apartments - 740A | 2BR,1BA | $850 |
| Azalea Hill | 1 Bed 1 Bath | 1BR,1BA | $858 |
| Retreat at Eddins | 1x1 R | 1BR,1BA | $875 |
Best Value Apartments for Rent in Lagoon Park, AL
As of September 13, 2026 the best value apartment in the Lagoon Park area is the $0.91 price per square foot 2 x 2 R Model at Gatsby at Midtown in the in the South Central Montgomery neighborhood starting from $1,149. The second greatest value Lagoon Park apartment is the C1 Model at Addison Park starting at $1,331 with a $1.06 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 | 2 x 2 R | 2BR,2BA | $0.91 |
| Addison Park | C1 | 3BR,2BA | $1.06 |
| 1576 Ann St, Unit Apt C | 1576 Ann St | 2BR,2BA | $1.00 |
| Bonnie Crest Apartments | Bonnie Crest Apartments - 740A | 2BR,1BA | $0.77 |
| 402 Federal Dr, Unit 402 B | 402 Federal Dr | 2BR,1BA | $0.95 |
| 404 Eastdale Rd S | 2 Beds, 2 Baths | 2BR,2BA | $0.97 |
| Park at Meadow Ridge | Seacrest Renovated | 1BR,1BA | $1.04 |
| Sunrise Apartments | TOWNHOME | 2BR,1.5BA | $1.06 |
| Chase Park | 1 Bed 1 bath | 1BR,1BA | $1.06 |
| Eastbrook Apartments 1 & 2 (PI) | Eastbrook Apartments 1 & 2 (532-646) (PI) - 532C | 1BR,1BA | $0.92 |
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 ArticleNavigating 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.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleLagoon Park, Montgomery, AL
Ranked #21
Among cities in Alabama for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
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 $875.
What is the price of a cheap apartment in Lagoon Park?
The cheapest apartment in Lagoon Park is Eastbrook Apartments 1 & 2 (PI) which is listed at $750, while the average apartment in Lagoon Park costs $998.
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 15 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 $296 which is $702 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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.