Cheap Apartments for Rent in the Aurora Neighborhood of Montgomery, IL from $600 (31 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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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
  • Utilities Included
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Forest Ridge
1 to 3 Bedroom Apartments

Forest Ridge

1213-1215 2nd AveAurora, IL 60505
  • 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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Lake Pointe
1 to 3 Bedroom Apartments

Lake Pointe

461 N Lake StAurora, IL 60506
  • 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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Showing Results 1-31, Page 1 of 1

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 Leland Tower Apartments priced from $1,200. Lakeview Residences has the second lowest priced unit, which is a Studio apartment currently listed from $1,325. Here are the most affordable Aurora apartments for rent in Montgomery, IL:

Apartment ListingModel NameBed/BathPriced From
Leland Tower ApartmentsBenton1BR,1BA$1,200
Lakeview ResidencesLakeview Residences Studio ApartmentStudio,1BA$1,325
Keystone LoftsPlan 11BR,1BA$1,395
The Onyx on VictoriaPremier 1 Bedroom 1 Bathroom Apartment1BR,1BA$1,475
ReNew AuroraAlder1BR,1BA$1,498
The LUXE Residences of Aurora 55+ CommunityOne Bedroom Small (LRA-1S)1BR,1BA$1,550
Montgomery Place ApartmentsJuniper1BR,1BA$1,737
Downer Place Lofts1 Bed/1 Bath1BR,1BA$1,750

Best Value Apartments for Rent in Aurora, IL

As of April 16, 2026 the best value apartment in the Aurora area is the $1.41 price per square foot Plan 1 Model at Keystone Lofts in the in the West Side Aurora neighborhood starting from $1,395. The second greatest value Aurora apartment is the 1 Bed/1 Bath Model at Downer Place Lofts starting at $1,750 with a $2.02 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.
Keystone LoftsPlan 11BR,1BA$1.41
Downer Place Lofts1 Bed/1 Bath1BR,1BA$2.02
Montgomery Place ApartmentsElm1BR,1BA$2.32
The LUXE Residences of Aurora 55+ CommunityOne Bedroom Small (LRA-1S)1BR,1BA$2.31
The Onyx on VictoriaPremier 1 Bedroom 1 Bathroom Apartment1BR,1BA$2.59
ReNew AuroraAshton1BR,1BA$2.93
Lakeview ResidencesLakeview Residences Studio ApartmentStudio ,1BA$2.65
Leland Tower ApartmentsBenton1BR,1BA$3.20

Frequently Asked Questions about Cheap Aurora Apartments

What is the price of a cheap apartment in Aurora?

The cheapest apartment in Aurora is Leland Tower Apartments which is listed at $1,200, while the average apartment in Aurora costs $3,050.

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

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.