Cheap Apartments for Rent in the Aurora Neighborhood of Montgomery, IL from $600 (29 Rentals)

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

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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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Sage Crest Apartments
1 to 3 Bedroom Apartments

Sage Crest Apartments

827 N Lake StAurora, IL 60506
  • 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

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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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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Lake Pointe
1 to 3 Bedroom Apartments

Lake Pointe

461 N Lake StAurora, 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.

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Showing Results 1-29, Page 1 of 1

Cheapest Available Aurora Apartments for Rent

 

The cheapest available apartment rental in the Aurora area of Montgomery, IL is a Studio unit found at Lakeview Residences priced from $1,325. ReNew Aurora has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,385. Here are the most affordable Aurora apartments for rent in Montgomery, IL:

Apartment ListingModel NameBed/BathPriced From
Lakeview ResidencesLakeview Residences Studio ApartmentStudio,1BA$1,325
ReNew AuroraAlderwood1BR,1BA$1,385
Keystone LoftsPlan 11BR,1BA$1,395
The LUXE Residences of Aurora 55+ CommunityOne Bedroom Small (LRA-1S)1BR,1BA$1,550
Downer Place Lofts1 Bed/1 Bath1BR,1BA$1,750

Best Value Apartments for Rent in Aurora, IL

As of June 01, 2026 the best value apartment in the Aurora area is the $1.83 price per square foot 21 N Locust St Model at 21 N Locust St in the in the West Side Aurora neighborhood starting from $2,200. The second greatest value Aurora apartment is the Plan 1 Model at Keystone Lofts starting at $1,395 with a $1.41 price per square foot in the West Side Aurora neighborhood. Here is today’s list of the best values for Aurora apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
21 N Locust St21 N Locust St4BR,1BA$1.83
Keystone LoftsPlan 11BR,1BA$1.41
Downer Place Lofts1 Bed/1 Bath1BR,1BA$2.02
The LUXE Residences of Aurora 55+ CommunityOne Bedroom Small (LRA-1S)1BR,1BA$2.31
ReNew AuroraAvon1BR,1BA$2.51
Lakeview ResidencesLakeview Residences Studio ApartmentStudio ,1BA$2.65

Frequently Asked Questions about Cheap Aurora Apartments

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

The lowest price for a Cheap One Bedroom Aurora Apartment is $1,385 at ReNew Aurora.

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

Today's best deal for a Cheap Two Bedroom Apartment in Aurora is starting from $1,600 at The LUXE Residences of Aurora 55+ Community.

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

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.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.