Cheap Apartments for Rent in the Aurora Neighborhood of Montgomery, IL from $600 (7 Rentals)

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

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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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
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Forest Ridge
1 to 3 Bedroom Apartments

Forest Ridge

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

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 $1,400. Keystone Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,425. Here are the most affordable Aurora apartments for rent in Montgomery, IL:

Apartment ListingModel NameBed/BathPriced From
ReNew AuroraAshford1BR,1BA$1,400
Keystone Lofts1 Bed, 1 bath1BR,1BA$1,425
Lakeview ResidencesLakeview Residences Studio 1 Bath ApartmentStudio,1BA$1,440

Best Value Apartments for Rent in Aurora, IL

As of March 02, 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 1224 Johnston Dr Model at 1224 Johnston Dr, Unit Duplex starting at $1,950 with a $1.93 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.
Downer Place Lofts2bed/1bath2BR,1BA$1.88
1224 Johnston Dr, Unit Duplex1224 Johnston Dr2BR,1.5BA$1.93
Keystone Lofts1 Bed, 1 bath1BR,1BA$1.44
The Onyx on VictoriaRenovated 2 Bedroom 1 Bathroom Apartment2BR,1BA$1.68
Montgomery Place ApartmentsElm1BR,1BA$2.36
The LUXE Residences of Aurora 55+ CommunityOne Bedroom Small (LRA-1S)1BR,1BA$2.31
ReNew AuroraAshton1BR,1BA$2.93
Lakeview ResidencesLakeview Residences Studio 1 Bath ApartmentStudio ,1BA$2.88

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 $1,400, while the average apartment in Aurora costs $2,503.

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

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

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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.