Cheap Apartments for Rent in Montgomery, IL from $1,070 (52 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
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55 E Mill St
1 Bedroom Apartments

55 E Mill St

55 E Mill StMontgomery, IL 60538
  • Utilities Included

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.

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ReNew Aurora
$1,515 - $2,601

Total Monthly Price

Base Rent$1,515 - $2,601
Total Monthly Price$1,515 - $2,601
1 to 2 Bedroom Apartments Available Now

ReNew Aurora

2000 W Illinois AveAurora, IL 60506
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

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Downer Place Lofts
$1,695 - $1,850

Total Monthly Price

Base Rent$1,695 - $1,850
Total Monthly Price$1,695 - $1,850
1 Bedroom Apartments Available Soon

Downer Place Lofts

220 E Downer PlAurora, IL 60505
Eco-Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included
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Deville Manor
1 to 2 Bedroom Apartments

Deville Manor

110 5th StOswego, IL 60543
Senior Living
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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
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Village West Apartments
1 to 2 Bedroom Apartments

Village West Apartments

1971 Lilac LnAurora, IL 60506
Corporate Housing
  • Utilities Included
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Forest Ridge
1 to 3 Bedroom Apartments

Forest Ridge

1213-1215 2nd AveAurora, IL 60505
  • Utilities Included

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.

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Monroe Street Apartments
Studio to 2 Bedroom Apartments

Monroe Street Apartments

89 Polk StOswego, IL 60543
  • Utilities Included
  • Smoke Free
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Keystone Lofts
1 Bedroom Apartments

Keystone Lofts

30 S Stolp AveAurora, IL 60506

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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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Showing Results 1-50, Page 1 of 2

Montgomery, IL Local Guide

Cheapest Neighborhoods for Apartments in Montgomery, IL

Pricing Updated: 09/15/2026

Current apartment rentals in the Montgomery, IL area range in price from $600 to $4,177 with an overall median price of $2,374. Here is today’s list neighborhoods with the lowest median pricing for Montgomery Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Aurora$2,060$60067
Orchard Prairie North$2,570$1,07053
Blackberry Crossing West$2,580$1,20052

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 Studio apartment currently listed from $1,090. 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 ApartmentsStudioStudio,1BA$1,090
The Onyx on VictoriaPremier StudioStudio,1BA$1,200
Deville Manor1 Bedroom1BR,1BA$1,250
Lakeview ResidencesLakeview Residences Studio 1 Bath ApartmentStudio,1BA$1,360
Haoyue Investments LLC2 Bedroom and 1 Bathroom with Deck2BR,1BA$1,500
Trillium at OswegoS1Studio,1BA$1,538
ReNew AuroraAshford1BR,1BA$1,550
Luxe Residences of AuroraLRA-1S1BR,1BA$1,550
Fox Pointe2B1B2BR,1BA$1,589

Best Value Apartments for Rent in Montgomery, IL

As of September 16, 2026 the best value apartment in the Montgomery area is the $1.94 price per square foot DTH La Belle Model at Heyday Aurora in the in the West Side Aurora neighborhood starting from $3,050. The second greatest value Montgomery apartment is the 3BR Garden Model at Avanterra Wolfs Crossing starting at $3,166 with a $2.10 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.
Heyday AuroraDTH La Belle3BR,2.5BA$1.94
Avanterra Wolfs Crossing3BR Garden3BR,2.5BA$2.10
Bristol Bay of YorkvilleAccera2BR,2.5BA$1.75
Redwood OswegoForestwood2BR,2BA$1.95
111 Blackhawk St, Unit 111 Blackhawk Downstairs Unit111 Blackhawk St4BR,1.5BA$2.00
Haoyue Investments LLC2 Bedroom and 1 Bathroom with Patio2BR,1BA$1.79
Fox Pointe2B2B2BR,2BA$1.72
Willow + Wren ApartmentsSanctuary2BR,1BA$2.16
Deville Manor1 Bedroom1BR,1BA$1.82
Wedgewood Manor Active Senior LivingB1BR,1BA$1.78

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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.

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

Explore Montgomery, IL Rentals by Map

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Frequently Asked Questions about Cheap Montgomery Apartments

What is the Cheapest Studio apartment in Montgomery?

Currently the most affordable Cheap Studio Apartment in Montgomery is at Leland Tower Apartments listed at $1,090.

How much is rent for a Cheap One Bedroom Montgomery Apartment?

The lowest price for a Cheap One Bedroom Montgomery Apartment is $632 at Deville Manor.

What is the lowest price for a Cheap Two Bedroom Montgomery Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Montgomery is starting from $1,500 at Haoyue Investments LLC.

What is the most affordable Montgomery Three Bedroom Apartment?

The best deal on a cheap Montgomery Three Bedroom Apartment rental is at Fox Pointe and starts from $1,821.

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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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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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.

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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.