Cheap Homes for Rent in the Lagoon Park Neighborhood of Montgomery, AL from $650 (20 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in the Lagoon Park area of Montgomery.

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.

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.

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.

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$750
Eastbrook Apartments 1 & 2 (PI)Eastbrook Apartments 1 & 2 (532-646) (PI) - 532C1BR,1BA$750
Azalea HillStudioStudio,1BA$769

Best Value Apartments for Rent in Lagoon Park, AL

As of August 25, 2026 the best value apartment in the Lagoon Park area is the $0.95 price per square foot 2 x 2 R Model at Gatsby at Midtown in the in the South Central Montgomery neighborhood starting from $1,200. The second greatest value Lagoon Park apartment is the 2 Bedroom Two Bathroom Upgraded Model at Legacy at Festival starting at $1,230 with a $1.09 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.
Gatsby at Midtown2 x 2 R2BR,2BA$0.95
Legacy at Festival2 Bedroom Two Bathroom Upgraded2BR,2BA$1.09
Bonnie Crest ApartmentsBonnie Crest Apartments - 740A2BR,1BA$0.77
Eastdale Oaks2 bd / 2 bath2BR,2BA$1.07
Zelda PointeThe Gatsby Renovated2BR,2BA$1.10
402 Federal Dr, Unit 402 B402 Federal Dr2BR,1BA$0.95
404 Eastdale Rd S2 Beds, 2 Baths2BR,2BA$1.00
Park at Meadow RidgeSeacrest Renovated1BR,1BA$1.01
Sunrise ApartmentsTOWNHOME2BR,1.5BA$1.06
Eastbrook Apartments 1 & 2 (PI)Eastbrook Apartments 1 & 2 (532-646) (PI) - 532C1BR,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 Article
Decorative image

Real 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 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 #23

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

Frequently Asked Questions about Lagoon Park

What type of rentals are currently available in Lagoon Park?

There are currently 70 Apartments for Rent in Lagoon Park, AL with pricing that ranges from $525 to $6,947. There are also 137 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lagoon Park ranging from $650 to $2,600.

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 $650 to $2,600 with an average monthly rent of $1,399.

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 $900 to $5,709, while Three Bedroom Homes, Condos, and Townhomes for rent range from $725 to $1,900. Four Bedroom Single-Family rentals are also available starting from $1,200 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 Rent According to Income: A Look at Income-Restricted Rentals   article

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.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.