
Cheap Homes for Rent in Aurora Neighborhood of Montgomery, IL from $1,400 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Aurora area of Montgomery.


115 W Galena Blvd

735 Sexton St

407 Beach St
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.

450 W Galena Blvd

835 Bishop Ave

114 Martin Ave

702 Jackson St
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.
Aurora, Montgomery, IL Local Guide

How much does it cost to rent a home in Aurora?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Aurora 2 Bedroom Homes for Rent | $1,949 | $1,800 | $2,099 |
| Aurora 3 Bedroom Homes for Rent | $2,154 | $1,800 | $2,495 |
| Aurora 4 Bedroom Homes for Rent | $2,558 | $2,500 | $2,650 |
| Aurora 5 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Aurora Neighborhood of Montgomery, IL.
Explore 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Leland Tower Apartments | Benton | 1BR,1BA | $1,200 |
| Lakeview Residences | Lakeview Residences Studio Apartment | Studio,1BA | $1,325 |
| Keystone Lofts | Plan 1 | 1BR,1BA | $1,395 |
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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Keystone Lofts | Plan 1 | 1BR,1BA | $1.41 |
| Downer Place Lofts | 1 Bed/1 Bath | 1BR,1BA | $2.02 |
| Montgomery Place Apartments | Elm | 1BR,1BA | $2.32 |
| The LUXE Residences of Aurora 55+ Community | One Bedroom Small (LRA-1S) | 1BR,1BA | $2.31 |
| The Onyx on Victoria | Premier 1 Bedroom 1 Bathroom Apartment | 1BR,1BA | $2.59 |
| ReNew Aurora | Ashton | 1BR,1BA | $2.93 |
| Lakeview Residences | Lakeview Residences Studio Apartment | Studio ,1BA | $2.65 |
| Leland Tower Apartments | Benton | 1BR,1BA | $3.20 |
Frequently Asked Questions about Aurora
What type of rentals are currently available in Aurora?
There are currently 134 Apartments for Rent in Aurora, IL with pricing that ranges from $1,090 to $6,577. There are also 21 Single Family Homes for rent, Condos, and Townhome rentals currently available in Aurora ranging from $1,400 to $3,000.
What is the current price range for Rental Homes in Aurora?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Aurora ranges from $1,400 to $3,000 with an average monthly rent of $2,093.
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

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.

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.

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.

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.