Cheap Homes for Rent in Lagoon Park Neighborhood of Montgomery, AL from $700 (41 Rentals)

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Search the lowest-cost Homes 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.

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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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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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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.

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property at 1324 Federal Dr

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

1324 Federal Dr

MontgomeryAL36107

Navigating 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.

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Showing Results 1-41, Page 1 of 1

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 ApartmentsStudioStudio,1BA$715
Sunrise Apartments1BR1BR,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
Stratford VillageBrighton1BR,1BA$839

Best Value Apartments for Rent in Lagoon Park, AL

As of February 22, 2026 the best value apartment in the Lagoon Park area is the $0.95 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 $1,200. The second greatest value Lagoon Park apartment is the 2 Bed 2 Bath Model at Azalea Hill starting at $919 with a $0.81 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Gatsby at Midtown Apartment LivingThe Carraway 2x22BR,2BA$0.95
Azalea Hill2 Bed 2 Bath2BR,2BA$0.81
Central ParkAshford1BR,1BA$1.19
The Park at Monticello2 bedroom, 1 bathroom2BR,1BA$1.08
Park at Meadow RidgeSeacrest Renovated1BR,1BA$1.03
Chase Park1 Bed 1 bath1BR,1BA$1.00
Eastdale Oaks1 bd / 1 bath1BR,1BA$1.15
Woodmere Reserve1 Bed/1 Bath1BR,1BA$1.16
The Retreat at Eddins Apartments1 Bedroom/1 Bath1BR,1BA$1.20
1576 Ann St1576 Ann St1BR,1BA$1.08

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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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.

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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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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.

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Pet Friendly Lifestyle
Lagoon Park, Montgomery, AL

Ranked #16

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Lagoon Park

What type of rentals are currently available in Lagoon Park?

There are currently 62 Apartments for Rent in Lagoon Park, AL with pricing that ranges from $525 to $3,420. There are also 147 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lagoon Park ranging from $795 to $3,500.

What is the current price range for Rental Homes in Lagoon Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lagoon Park ranges from $795 to $3,500 with an average monthly rent of $1,934.

How much are larger Three and Four Bedroom Rentals in Lagoon Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lagoon Park range from $1,075 to $3,420, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $2,100. Four Bedroom Single-Family rentals are also available starting from $950 and Four Bedroom Apartments start at $1,295.

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 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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.