
Cheap Apartments for Rent in Montgomery, IL from $500 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in Montgomery.


Anderson Farms Apartments
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.

Leland Tower Apartments

86 N 4th St
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.
Montgomery, IL Local Guide

How much does it cost to rent an apartment in Montgomery?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Montgomery Studio Apartments | $1,579 | $1,070 | $1,780 |
Cheap Montgomery 1 Bedroom Apartments | $1,706 | $577 | $2,408 |
Cheap Montgomery 2 Bedroom Apartments | $2,196 | $1,300 | $3,407 |
Cheap Montgomery 3 Bedroom Apartments | $2,631 | $1,653 | $3,236 |
Cheap Montgomery 4 Bedroom Apartments | $3,419 | $3,244 | $3,554 |
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Montgomery, IL Local Guide
- Montgomery Neighborhoods
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Cheapest Neighborhoods for Apartments in Montgomery, IL
Pricing Updated: 09/12/2025Current apartment rentals in the Montgomery, IL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Montgomery Apartments for rent:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
Blackberry Crossing West | $2,395 | $1,255 | 36 |
Orchard Prairie North | $2,395 | $1,070 | 37 |
Aurora | $2,418 | $1,070 | 8 |
Cheapest Available Montgomery Apartments for Rent
 The cheapest available apartment rental in Montgomery, IL is a 1 Bed unit found at Wedgewood Manor Active Senior Living in the Ashcroft Place neighborhood priced from $1,070. Leland Tower Apartments in the West Side Aurora neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,175. Here is today’s list of the most affordable Montgomery apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Wedgewood Manor Active Senior Living | B | 1BR,1BA | $1,070 |
Leland Tower Apartments | Benton | 1BR,1BA | $1,175 |
The Onyx on Victoria | Upgraded 1 Bedroom 1 Bathroom Apartment | 1BR,1BA | $1,255 |
The Reserve at Hudson Crossing | Harrison | Studio,1BA | $1,450 |
ReNew Aurora | Avon | 1BR,1BA | $1,510 |
Best Value Apartments for Rent in Montgomery, IL
As of September 12, 2025 the best value apartment in the Montgomery area is the $1.65 price per square foot Campania End Model at Bristol Bay of Yorkville in the in the Blackberry Crossing West neighborhood starting from $2,840. The second greatest value Montgomery apartment is the 2BR Garden Model at Avanterra Wolfs Crossing starting at $2,739 with a $2.03 price per square foot in the Prescott Mill Crossings neighborhood. Here is today’s list of the best values for Montgomery apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Bristol Bay of Yorkville | Campania End | 3BR,2.5BA | $1.65 |
Avanterra Wolfs Crossing | 2BR Garden | 2BR,2.5BA | $2.03 |
Wilson Pl. / Monroe St. | 277 Monroe St. | 2BR,1.5BA | $2.16 |
Downer Place Lofts | One Bedroom | 1BR,1BA | $1.96 |
Covey at Fox Valley Apartments | Sanctuary | 2BR,1BA | $2.09 |
Aurora At Summerfield Apartments | Adler | 1BR,1BA | $2.08 |
Farmington Lakes Apartments | Hawthorn II | 1BR,1BA | $1.99 |
Montgomery Place Apartments | Juniper | 1BR,1BA | $2.40 |
Wedgewood Manor Active Senior Living | B | 1BR,1BA | $1.78 |
The Onyx on Victoria | Upgraded 1 Bedroom 1 Bathroom Apartment | 1BR,1BA | $2.20 |
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Getting Around Montgomery, IL
Walk Score®
35 / 100
Car-Dependent
Most errands require a car
Bike Score®
47 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
1 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Montgomery Apartments
What is a cheap apartment in Montgomery?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Montgomery is under $1,733.
What is the price of a cheap apartment in Montgomery?
The cheapest apartment in Montgomery is Deville Manor which is listed at $577, while the average apartment in Montgomery costs $2,402.
What types of apartments are the cheapest in Montgomery?
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 1 regular apartments in Montgomery that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.