
Cheap Apartments for Rent in the Aurora Neighborhood of Montgomery, IL from $600 (51 Rentals)
Search the lowest-cost Apartments available for rent right now in the Aurora area of Montgomery.


The Onyx on Victoria

Anderson Farms Apartments

2028 Kevin Dr

55 E Mill St

ReNew Aurora

Lakeview Residences

Leland Tower Apartments

Colony West Apartments

Downer Place Lofts
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.

River Street Plaza

Randall West

42W640 Jericho Rd

400 N Union St

111 Blackhawk Ave

400 E Downer Pl

45-65 South Lincoln Avenue

224 Black Hawk St

1101 Ridgeway Ave

747 Aurora Ave
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.

Ryan Homes Settler's Ridge

SFR

749 Front St

314 Oak Ave

2035 Best Pl

177 S Lincoln Ave

S & H G Apartments

513 Hartford Ave

545-547 Ashland Ave

2081 Best Pl
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.

633 Garfield Ave

Autumnwood Apartments

Village West Apartments

Fox Valley Apartments- Todd School

Signal Point Apartments

Keystone Lofts

Esser Lofts & Apartments

Lake Pointe

Fox Valley Apartments- Lincoln School

415-419 E Galena Blvd
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.

Westmore Apartments

Marywood Apartments

136-146 N Ohio St

61-65 E Downer Pl

301-309 E New York St

Harbor Village Apartments

Constitution House

Fox Shore Apartment

Forest Ridge

354 Spruce St
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.
Aurora, Montgomery, IL Local Guide

How much does it cost to rent an apartment in Aurora?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Aurora Studio Apartments | $1,085 | $1,070 | $1,100 |
| Aurora 1 Bedroom Apartments | $1,561 | $1,120 | $1,861 |
| Aurora 2 Bedroom Apartments | $1,912 | $1,400 | $2,514 |
| Aurora 3 Bedroom Apartments | $2,279 | $1,950 | $2,805 |
Browse Apartments in this Neighborhood
There are currently 51 rentals with your search options within a 2 mile radius of the Aurora Neighborhood of Montgomery, IL.
See all Apartments in MontgomeryExplore Montgomery
Cheapest Available Aurora Apartments for Rent
 The cheapest available apartment rental in the Aurora area of Montgomery, IL is a 1 Bed unit found at ReNew Aurora priced from $1,498. Lakeview Residences has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,525. Here are the most affordable Aurora apartments for rent in Montgomery, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| ReNew Aurora | Alder | 1BR,1BA | $1,498 |
| Lakeview Residences | A1 | 1BR,1BA | $1,525 |
| The LUXE Residences of Aurora | One Bedroom Small (LRA-1S) | 1BR,1BA | $1,550 |
| Montgomery Place Apartments | Oak | 1BR,1BA | $1,704 |
| Downer Place Lofts | 2bed/1bath | 2BR,1BA | $2,150 |
Best Value Apartments for Rent in Aurora, IL
As of January 16, 2026 the best value apartment in the Aurora area is the $1.88 price per square foot 2bed/1bath Model at Downer Place Lofts in the in the West Side Aurora neighborhood starting from $2,150. The second greatest value Aurora apartment is the Elm Model at Montgomery Place Apartments starting at $1,861 with a $2.41 price per square foot in the Prescott Mill Crossings neighborhood. Here is today’s list of the best values for Aurora apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Downer Place Lofts | 2bed/1bath | 2BR,1BA | $1.88 |
| Montgomery Place Apartments | Elm | 1BR,1BA | $2.41 |
| The LUXE Residences of Aurora | One Bedroom Small (LRA-1S) | 1BR,1BA | $2.31 |
| Lakeview Residences | A1 | 1BR,1BA | $2.50 |
| ReNew Aurora | Ashton | 1BR,1BA | $2.93 |
Frequently Asked Questions about Cheap Aurora Apartments
What is the price of a cheap apartment in Aurora?
The cheapest apartment in Aurora is ReNew Aurora which is listed at $1,498, while the average apartment in Aurora costs $2,180.
What types of apartments are the cheapest in Aurora?
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 6 regular apartments in Aurora that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!