
Cheap Apartments for Rent in Montgomery, IL from $500 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in Montgomery.


Anderson Farms Apartments
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.

Leland Tower Apartments

86 N 4th St
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.
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 | $1,570 | $1,070 | $1,780 |
Cheap Montgomery 1 Bedroom Apartments | $1,813 | $1,175 | $2,305 |
Cheap Montgomery 2 Bedroom Apartments | $2,154 | $1,300 | $3,050 |
Cheap Montgomery 3 Bedroom Apartments | $2,650 | $1,653 | $3,068 |
Cheap Montgomery 4 Bedroom Apartments | $3,252 | $3,077 | $3,387 |
Browse Top Apartments in Montgomery
See all Apartments in MontgomeryExplore Montgomery
Montgomery, IL Local Guide
- Montgomery Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Montgomery, IL
Pricing Updated: 06/27/2025Current 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 |
---|---|---|---|
Aurora | $1,817 | $600 | 15 |
Blackberry Crossing West | $2,850 | $990 | 33 |
Orchard Prairie North | $2,850 | $990 | 33 |
Cheapest Available Montgomery Apartments for Rent
 The cheapest available apartment rental in Montgomery, IL is a 1 Bed unit found at Deville Manor in the Prescott Mill Crossings neighborhood priced from $577. Leland Tower Apartments in the West Side Aurora neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,380. Here is today’s list of the most affordable Montgomery apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Deville Manor | One Bedroom | 1BR,1BA | $577 |
Leland Tower Apartments | Galena | 1BR,1BA | $1,380 |
The Reserve at Hudson Crossing | Wilson | Studio,1BA | $1,475 |
Springs At Oswego | Studio Grand Overlook | Studio,1BA | $1,508 |
Fox Pointe Apartments | 3 Bed Large | 3BR,2BA | $1,653 |
Best Value Apartments for Rent in Montgomery, IL
As of June 27, 2025 the best value apartment in the Montgomery area is the $1.61 price per square foot Campania End Model at Bristol Bay of Yorkville in the in the Blackberry Crossing West neighborhood starting from $2,780. The second greatest value Montgomery apartment is the 3BR Vista Model at Avanterra Wolfs Crossing starting at $2,873 with a $1.86 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 | $1.61 |
Avanterra Wolfs Crossing | 3BR Vista | 3BR,2.5BA | $1.86 |
Redwood Oswego | Forestwood | 2BR,2BA | $2.03 |
Fox Pointe Apartments | 3 Bed Large | 3BR,2BA | $1.43 |
Montgomery Place Apartments | Spruce | 2BR,2BA | $1.97 |
Aurora At Summerfield Apartments | DaVinci | 2BR,2BA | $1.67 |
Deville Manor | Two Bedroom | 2BR,1BA | $1.38 |
Covey at Fox Valley Apartments | Sanctuary | 2BR,1BA | $2.05 |
609 College Ave, Unit 1 - Lower | 609 College Ave | 2BR,1BA | $2.18 |
111 Center Ave, Unit 2 | 111 Center Ave | 2BR,1BA | $1.86 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Montgomery, IL Rentals by Map
See the most popular apartments and homes in Montgomery, IL
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 $1,790.
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 $2,505.
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 4 regular apartments in Montgomery 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 Montgomery?
Cheap apartments in Montgomery have an average cost of $317 which is $2,188 cheaper than the average rent for all rentals in Montgomery.
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.