2500 Light Road
OswegoIL60543
Cheap Homes for Rent in Montgomery, IL from $1,400 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Montgomery.
2200 Light Road
OswegoIL60543
705 North Ave
AuroraIL60505
236 Bertram Dr, Unit 236-C Bertram
236 Bertram Dr
YorkvilleIL60560
2100 Light Rd, Unit 210
2100 Light Rd
OswegoIL60543
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.
2800 Light Road
OswegoIL60543
1735 Greene Ct
AuroraIL60506
1201 Johnston Dr
AuroraIL60506
56 1/2 Main St
OswegoIL60543
76 Washington St
OswegoIL60543
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.
451 Marion Ave
AuroraIL60505
148 N Root St
AuroraIL60505
1872 Candlelight Cir
MontgomeryIL60538
161 N Ohio St
AuroraIL60505
786 Four Seasons Blvd
AuroraIL60504
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.
2165 Sunrise Cir
AuroraIL60503
Showing Results 1-16, Page 1 of 1
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 | $2,012 | $1,425 | $2,500 |
| Montgomery 3 Bedroom Homes for Rent | $2,663 | $2,250 | $3,700 |
| Montgomery 4 Bedroom Homes for Rent | $3,182 | $2,600 | $3,600 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Montgomery
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Montgomery, IL Local Guide
- Montgomery Neighborhoods
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Cheapest Neighborhoods for Apartments in Montgomery, IL
Pricing Updated: 07/11/2026Current 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 |
|---|---|---|---|
| Aurora | $2,600 | $1,425 | 11 |
| Blackberry Crossing West | $3,245 | $1,400 | 15 |
| Orchard Prairie North | $3,300 | $1,400 | 20 |
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. Leland Tower Apartments in the West Side Aurora neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,200. 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 | Benton | 1BR,1BA | $1,200 |
| Deville Manor | 1 Bedroom | 1BR,1BA | $1,250 |
| Lakeview Residences | Lakeview Residences Studio Apartment | Studio,1BA | $1,325 |
| The Mayan Apartments | Luna | 1BR,1BA | $1,545 |
Best Value Apartments for Rent in Montgomery, IL
As of July 11, 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 430 Grand Ave Model at 430 Grand Ave, Unit 1 starting at $2,150 with a $1.54 price per square foot in the West Side Aurora 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 |
| 430 Grand Ave, Unit 1 | 430 Grand Ave | 3BR,1BA | $1.54 |
| Redwood Oswego | Meadowood | 2BR,2BA | $1.98 |
| The Reserve at Summerfield | DaVinci - Premium | 2BR,2BA | $2.03 |
| Avanterra Wolfs Crossing | 1BR Vista Triplex | 1BR,1.5BA | $2.08 |
| ReNew Aurora | Beverly | 2BR,2BA | $2.17 |
| Fox Pointe | 2B2B | 2BR,2BA | $1.72 |
| Downer Place Lofts | 1 Bed/1 Bath | 1BR,1BA | $1.96 |
| Deville Manor | 1 Bedroom | 1BR,1BA | $1.82 |
| 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 Article
Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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.
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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 159 Apartments for Rent in Montgomery, IL with pricing that ranges from $1,070 to $13,126. There are also 59 Single Family Homes for rent, Condos, and Townhome rentals currently available in Montgomery ranging from $1,400 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 $1,400 to $3,700 with an average monthly rent of $2,334.
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 $1,821 to $13,126, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,250 to $3,700. Four Bedroom Single-Family rentals are also available starting from $2,600 and Four Bedroom Apartments start at $2,500.
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
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.