Cheap Homes for Rent in Lagoon Park Neighborhood of Montgomery, AL from $600 (24 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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property at 1324 Federal Dr

$1,000

2 Bedroom, 1 Bath Home for Rent

Available Feb 1

1324 Federal Dr

MontgomeryAL36107

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 1-24, 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 ApartmentsStudio ApartmentStudio,1BA$715
Sunrise Apartments1BR/1BA1BR,1BA$765
Woodmere Reserve1 Bed/1 Bath1BR,1BA$799

Best Value Apartments for Rent in Lagoon Park, AL

As of January 02, 2026 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$0.89
Stratford VillageOxford3BR,2BA$0.94
Eastdale Oaks2 bd / 1 bath2BR,1BA$1.00
Central ParkAspen1BR,1BA$0.99
Azalea Hill1 Bed 1 Bath1BR,1BA$1.10
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.

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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 #18

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 61 Apartments for Rent in Lagoon Park, AL with pricing that ranges from $525 to $6,270. There are also 151 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lagoon Park ranging from $625 to $2,500.

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 $625 to $2,500 with an average monthly rent of $1,398.

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 $6,270, while Three Bedroom Homes, Condos, and Townhomes for rent range from $735 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

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!