Cheap Apartments for Rent in Montgomery, IL from $500 (14 Rentals)

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Search the lowest-cost Apartments available for rent right now in Montgomery.

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Building H & I
1 to 2 Bedroom Apartments

Building H & I

89 Hillstone RdMontgomery, IL 60538
  • Utilities Included
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Building A
1 Bedroom Apartments

Building A

100 Rocky WayMontgomery, IL 60538
  • Utilities Included

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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Silver Oaks At Waterford
1 Bedroom Apartments

Silver Oaks At Waterford

1819 Silver Oaks CirAurora, IL 60504
Senior Living
  • Utilities Included
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Autumnwood Apartments
1 to 3 Bedroom Apartments

Autumnwood Apartments

734 N Gladstone AveAurora, IL 60506
  • Utilities Included

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

Cheapest Neighborhoods for Apartments in Montgomery, IL

Pricing Updated: 09/12/2025

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Blackberry Crossing West$2,395$1,25536
Orchard Prairie North$2,395$1,07037
Aurora$2,418$1,0708

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 ListingModel NameBed/BathPriced From
Wedgewood Manor Active Senior LivingB1BR,1BA$1,070
Leland Tower ApartmentsBenton1BR,1BA$1,175
The Onyx on VictoriaUpgraded 1 Bedroom 1 Bathroom Apartment1BR,1BA$1,255
The Reserve at Hudson CrossingHarrisonStudio,1BA$1,450
ReNew AuroraAvon1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Bristol Bay of YorkvilleCampania End3BR,2.5BA$1.65
Avanterra Wolfs Crossing2BR Garden2BR,2.5BA$2.03
Wilson Pl. / Monroe St.277 Monroe St.2BR,1.5BA$2.16
Downer Place LoftsOne Bedroom1BR,1BA$1.96
Covey at Fox Valley ApartmentsSanctuary2BR,1BA$2.09
Aurora At Summerfield ApartmentsAdler1BR,1BA$2.08
Farmington Lakes ApartmentsHawthorn II1BR,1BA$1.99
Montgomery Place ApartmentsJuniper1BR,1BA$2.40
Wedgewood Manor Active Senior LivingB1BR,1BA$1.78
The Onyx on VictoriaUpgraded 1 Bedroom 1 Bathroom Apartment1BR,1BA$2.20

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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

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.

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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.

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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.

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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.

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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.