Cheap Apartments for Rent in Montgomery, IL from $600 (15 Rentals)

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Building H & I
1 to 2 Bedroom Apartments

Building H & I

89 Hillstone RdMontgomery, IL 60538
  • 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.

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Building A
1 Bedroom Apartments

Building A

100 Rocky WayMontgomery, IL 60538
  • Utilities Included

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.

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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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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TJC Apartments
1 to 2 Bedroom Apartments

TJC Apartments

89 Polk StOswego, IL 60543
  • Utilities Included
  • Smoke Free

Montgomery, IL Local Guide

Cheapest Neighborhoods for Apartments in Montgomery, IL

Pricing Updated: 07/28/2025

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
Aurora$2,067$6007
Blackberry Crossing West$2,380$1,43019
Orchard Prairie North$2,380$1,43019

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 $1,025. Springs At Oswego in the Prescott Mill Crossings neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,510. Here is today’s list of the most affordable Montgomery apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Deville ManorOne Bedroom1BR,1BA$1,025
Springs At OswegoStudio Grand OverlookStudio,1BA$1,510
The Reserve at Hudson CrossingWilsonStudio,1BA$1,570
Aurora At Summerfield ApartmentsBurnham1BR,1BA$1,700
Covey at Fox Valley ApartmentsSanctuary2BR,1BA$1,810

Best Value Apartments for Rent in Montgomery, IL

As of July 28, 2025 the best value apartment in the Montgomery area is the $1.68 price per square foot Campania End Model at Bristol Bay of Yorkville in the in the Blackberry Crossing West neighborhood starting from $2,900. The second greatest value Montgomery apartment is the 3BR Garden Model at Avanterra Wolfs Crossing starting at $3,019 with a $2.00 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$1.68
Avanterra Wolfs Crossing3BR Garden3BR,2.5BA$2.00
Wilson Pl. / Monroe St.205 Wilson Pl.2BR,1BA$2.05
Aurora At Summerfield ApartmentsBurnham1BR,1BA$1.92
Covey at Fox Valley ApartmentsSanctuary2BR,1BA$2.10
Emblem OswegoA11BR,1BA$2.54
Deville ManorOne Bedroom1BR,1BA$1.49
The Reserve at Hudson CrossingGarfieldStudio ,1BA$2.81
Springs At OswegoStudio Grand OverlookStudio ,1BA$2.42

Quick Rent Budget Calculator

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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.

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

Explore Montgomery, IL Rentals by Map

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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 $3,019.

What is the price of a cheap apartment in Montgomery?

The cheapest apartment in Montgomery is Deville Manor which is listed at $1,025, while the average apartment in Montgomery costs $2,275.

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.

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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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.

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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.

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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.

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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.