
Cheap Homes for Rent in Montgomery, IL from $1,400 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Montgomery.


101 Harbor Dr

148 Bertram Dr

86 N 4th 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.

839 Bishop Ave

609 North Ave

2500 Light Road

537-541 N Edgelawn Dr

537-541 N Edgelawn 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.

124 Bertram Dr

234 Bertram Dr

1641 Jericho Rd

733 Schomer Ave

2291 Beresford Dr
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.

838 Whitlock Ave
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 | $1,990 | $1,500 | $2,500 |
| Montgomery 3 Bedroom Homes for Rent | $2,488 | $1,695 | $3,000 |
| Montgomery 4 Bedroom Homes for Rent | $3,030 | $2,040 | $3,600 |
| Montgomery 5 Bedroom Homes for Rent | $3,497 | $3,295 | $3,700 |
Browse Top Homes for Rent in Montgomery
Explore Montgomery
Montgomery, IL Local Guide
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Cheapest Neighborhoods for Apartments in Montgomery, IL
Pricing Updated: 01/03/2026Current 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 |
|---|---|---|---|
| Blackberry Crossing West | $3,029 | $1,500 | 22 |
| Aurora | $3,295 | $1,450 | 28 |
| Orchard Prairie North | $3,949 | $1,500 | 26 |
Cheapest Available Montgomery Apartments for Rent and Nearby
 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. Leland Tower Apartments in the West Side Aurora neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,255. 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 |
| Leland Tower Apartments | Downer | 1BR,1BA | $1,255 |
| The Reserve at Hudson Crossing | Harrison | Studio,1BA | $1,450 |
| ReNew Aurora | Alder | 1BR,1BA | $1,498 |
| Lakeview Residences | A1 | 1BR,1BA | $1,525 |
Best Value Apartments for Rent in Montgomery, IL and Nearby
As of January 03, 2026 the best value apartment in the Montgomery area is the $1.74 price per square foot Accera Model at Bristol Bay of Yorkville in the in the Blackberry Crossing West neighborhood starting from $2,595. The second greatest value Montgomery apartment is the Willowood Model at Redwood Oswego starting at $2,399 with a $1.74 price per square foot in the Blackberry Crossing West 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 | Accera | 2BR,2.5BA | $1.74 |
| Redwood Oswego | Willowood | 2BR,2BA | $1.74 |
| Avanterra Wolfs Crossing | 2BR Vista | 2BR,2.5BA | $1.84 |
| Downer Place Lofts | 2bed/1bath | 2BR,1BA | $1.88 |
| Fox Pointe Apartments | 3 Bed Medium | 3BR,2BA | $1.50 |
| 20 N Locust St, Unit Apt 1 | 20 N Locust St | 3BR,1BA | $1.63 |
| Monroe Street Apartments | 2.0 BD/1.5 BA | 2BR,1.5BA | $2.15 |
| Covey at Fox Valley Apartments | Sanctuary | 2BR,1BA | $2.01 |
| Springs At Oswego | 1 BR Grand Courtyard | 1BR,1BA | $2.13 |
| Wedgewood Manor Active Senior Living | B | 1BR,1BA | $1.78 |
Don'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 ArticleCash 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.
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 $14,043. There are also 77 Single Family Homes for rent, Condos, and Townhome rentals currently available in Montgomery ranging from $1,450 to $3,700.
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 $1,450 to $3,700 with an average monthly rent of $2,380.
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 $14,043, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,695 to $3,000. Four Bedroom Single-Family rentals are also available starting from $2,040 and Four Bedroom Apartments start at $3,056.
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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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!
