
Cheap Homes for Rent in Montgomery, IL from $1,500 (20 Rentals)
Search the lowest-cost Homes available for rent right now in Montgomery.


512 Montgomery Rd

154 Bertram Dr

101 Harbor Dr

509 Fifth St

728 Kane 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.

410 Bangs St

112 Chicago Rd

2028 Kevin Dr

130 Warren Ave

2500 Light Road

124 Bertram Dr
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.

1645 Victoria Park Cir

205 Springbrook Trail S

769 Serendipity Dr

609 North Ave

2291 Beresford Dr

4561 Garritano St
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.

1746 Walnut Park Ln

1069 Symphony Dr
Montgomery, IL Local Guide

How much does it cost to rent a home in Montgomery?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Montgomery 2 Bedroom Homes for Rent | $2,101 | $1,600 | $2,800 |
| Montgomery 3 Bedroom Homes for Rent | $2,600 | $1,750 | $3,200 |
| Montgomery 4 Bedroom Homes for Rent | $3,127 | $2,640 | $3,600 |
| Montgomery 5 Bedroom Homes for Rent | $4,194 | $3,650 | $4,984 |
Browse Top Homes for Rent in Montgomery
Explore Montgomery
Montgomery, IL Local Guide
- Montgomery Neighborhoods
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Cheapest Neighborhoods for Apartments in Montgomery, IL
Pricing Updated: 11/06/2025Current apartment rentals in the Montgomery, IL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Montgomery Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Aurora | $3,007 | $1,550 | 17 |
| Orchard Prairie North | $3,015 | $1,600 | 20 |
| Blackberry Crossing West | $3,080 | $1,600 | 18 |
Cheapest Available Montgomery Apartments for Rent
 The cheapest available apartment rental in Montgomery, IL is a 1 Bed unit found at Wedgewood Manor Active Senior Living in the Ashcroft Place neighborhood priced from $1,070. The Onyx on Victoria in the Blackberry Crossing West neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,230. Here is today’s list of the most affordable Montgomery apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Wedgewood Manor Active Senior Living | B | 1BR,1BA | $1,070 |
| The Onyx on Victoria | Upgraded 1 Bedroom 1 Bathroom Apartment | 1BR,1BA | $1,230 |
| Leland Tower Apartments | Galena | 1BR,1BA | $1,380 |
| The Reserve at Hudson Crossing | Harrison | Studio,1BA | $1,450 |
| The LUXE Residences of Aurora | One Bedroom Small (LRA-1S) | 1BR,1BA | $1,550 |
Best Value Apartments for Rent in Montgomery, IL
As of November 07, 2025 the best value apartment in the Montgomery area is the $1.66 price per square foot Campania End Model at Bristol Bay of Yorkville in the in the Blackberry Crossing West neighborhood starting from $2,865. The second greatest value Montgomery apartment is the 3BR Garden Model at Avanterra Wolfs Crossing starting at $2,982 with a $1.98 price per square foot in the Prescott Mill Crossings neighborhood. Here is today’s list of the best values for Montgomery apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Bristol Bay of Yorkville | Campania End | 3BR,2.5BA | $1.66 |
| Avanterra Wolfs Crossing | 3BR Garden | 3BR,2.5BA | $1.98 |
| Redwood Oswego | Willowood | 2BR,2BA | $1.85 |
| Monroe Street Apartments | 2.0 BD/1.5 BA | 2BR,1.5BA | $2.15 |
| Downer Place Lofts | One Bedroom | 1BR,1BA | $2.03 |
| Covey at Fox Valley Apartments | Sanctuary | 2BR,1BA | $1.99 |
| Montgomery Place Apartments | Oak | 1BR,1BA | $2.06 |
| Farmington Lakes Apartments | Hawthorn II | 1BR,1BA | $2.02 |
| Wedgewood Manor Active Senior Living | B | 1BR,1BA | $1.78 |
| The Onyx on Victoria | Upgraded 1 Bedroom 1 Bathroom Apartment | 1BR,1BA | $2.16 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Montgomery, IL Rentals by Map
See the most popular apartments and homes in Montgomery, IL
Frequently Asked Questions about Montgomery
What type of rentals are currently available in Montgomery?
There are currently 156 Apartments for Rent in Montgomery, IL with pricing that ranges from $1,070 to $8,299. There are also 72 Single Family Homes for rent, Condos, and Townhome rentals currently available in Montgomery ranging from $1,550 to $4,984.
What is the current price range for Rental Homes in Montgomery?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Montgomery ranges from $1,550 to $4,984 with an average monthly rent of $2,721.
How much are larger Three and Four Bedroom Rentals in Montgomery?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Montgomery range from $1,653 to $8,299, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,750 to $3,200. Four Bedroom Single-Family rentals are also available starting from $2,640 and Four Bedroom Apartments start at $3,066.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.