Cheap Apartments for Rent in Montgomery, IL from $600 (55 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

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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property at 236 Bertram Dr

$1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,495
Total Monthly Price
$1,495

1 Bedroom, 1 Bath Condo for Rent

Available Jul 1

236 Bertram Dr, Unit 236-C Bertram

236 Bertram Dr
YorkvilleIL60560
property at 2100 Light Rd

$1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,495
Total Monthly Price
$1,495

1 Bedroom, 1 Bath Condo for Rent

Available Now

2100 Light Rd, Unit 210

2100 Light Rd
OswegoIL60543

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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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

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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TJC Apartments
Studio to 2 Bedroom Apartments

TJC 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

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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property at 705 North Ave

$1,450 - $1,800

2 To 3 Bedroom Rentals

Available Now

705 North Ave

AuroraIL60505

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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Showing Results 1-50, Page 1 of 2

Montgomery, IL Local Guide

Cheapest Neighborhoods for Apartments in Montgomery, IL

Pricing Updated: 06/17/2026

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$3,155$1,27520
Blackberry Crossing West$3,300$1,40018
Orchard Prairie North$3,360$1,40023

Cheapest Available Montgomery Apartments for Rent

 

The cheapest available apartment rental in Montgomery, IL is a 2 Beds unit found at Deville Manor in the Prescott Mill Crossings neighborhood priced from $678. Wedgewood Manor Active Senior Living in the Ashcroft Place neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,070. Here is today’s list of the most affordable Montgomery apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Deville Manor2 Bedroom A2BR,1BA$678
Wedgewood Manor Active Senior LivingB1BR,1BA$1,070
Lakeview ResidencesLakeview Residences Studio ApartmentStudio,1BA$1,325
Leland Tower ApartmentsGalena1BR,1BA$1,410
The Reserve at Hudson CrossingHarrisonStudio,1BA$1,450
The Onyx on VictoriaPremier 1 Bedroom 1 Bathroom Apartment1BR,1BA$1,475
The LUXE Residences of Aurora 55+ CommunityOne Bedroom Small (LRA-1S)1BR,1BA$1,550
The Reserve at SummerfieldThe Adler1BR,1BA$1,566
Fox Pointe2B2B2BR,2BA$1,589
The Mayan ApartmentsNorte1BR,1BA$1,625

Best Value Apartments for Rent in Montgomery, IL

As of June 17, 2026 the best value apartment in the Montgomery area is the $1.95 price per square foot 4BR Garden Model at Avanterra Wolfs Crossing in the in the Prescott Mill Crossings neighborhood starting from $3,370. The second greatest value Montgomery apartment is the Capewood Model at Redwood Oswego starting at $2,999 with a $1.85 price per square foot in the Blackberry Crossing West 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.
Avanterra Wolfs Crossing4BR Garden4BR,2.5BA$1.95
Redwood OswegoCapewood2BR,2BA$1.85
Bristol Bay of YorkvilleAccera2BR,2.5BA$1.74
Downer Place Lofts1 Bed/1 Bath1BR,1BA$1.48
229 W Downer Pl, Unit Unit 2229 W Downer Pl3BR,1BA$1.85
Fox Pointe2B2B2BR,2BA$1.72
Farmington Lakes ApartmentsDogwood1BR,1BA$2.13
The Reserve at SummerfieldThe Adler1BR,1BA$1.94
Deville Manor1 Bedroom1BR,1BA$1.75
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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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 Lakeview Residences listed at $1,325.

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

The lowest price for a Cheap One Bedroom Montgomery Apartment is $1,070 at Wedgewood Manor Active Senior Living.

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 $678 at Deville Manor.

What is the most affordable Montgomery Three Bedroom Apartment?

The best deal on a cheap Montgomery Three Bedroom Apartment rental is at Springs At Oswego and starts from $2,650.

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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.