Cheap Homes for Rent in Montgomery, IL from $1,400 (15 Rentals)

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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.

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.

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.

Montgomery, IL Local Guide

Cheapest Neighborhoods for Apartments in Montgomery, IL

Pricing Updated: 01/10/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Aurora$2,059$1,07044
Orchard Prairie North$2,528$1,07032
Blackberry Crossing West$2,545$1,29030

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. The Reserve at Hudson Crossing in the Blackberry Crossing West neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,450. Here is today’s list of the most affordable Montgomery apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Wedgewood Manor Active Senior LivingB1BR,1BA$1,070
The Reserve at Hudson CrossingHarrisonStudio,1BA$1,450
ReNew AuroraAlder1BR,1BA$1,498
Lakeview ResidencesA11BR,1BA$1,525
The LUXE Residences of AuroraOne Bedroom Small (LRA-1S)1BR,1BA$1,550

Best Value Apartments for Rent in Montgomery, IL and Nearby

As of January 10, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Bristol Bay of YorkvilleAccera2BR,2.5BA$1.74
Redwood OswegoWillowood2BR,2BA$1.74
Avanterra Wolfs Crossing2BR Garden2BR,2.5BA$1.85
Downer Place Lofts2bed/1bath2BR,1BA$1.88
Fox Pointe Apartments3 Bed Medium3BR,2BA$1.50
20 N Locust St, Unit Apt 120 N Locust St3BR,1BA$1.63
Monroe Street Apartments2.0 BD/1.5 BA2BR,1.5BA$2.15
Willow + Wren ApartmentsSanctuary2BR,1BA$2.07
Aurora at SummerfieldThe Adler1BR,1BA$2.26
Wedgewood Manor Active Senior LivingB1BR,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.

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The 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.

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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.

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Quick 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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Montgomery

What type of rentals are currently available in Montgomery?

There are currently 155 Apartments for Rent in Montgomery, IL with pricing that ranges from $1,070 to $14,043. There are also 79 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 $2,375.

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 $3,100. Four Bedroom Single-Family rentals are also available starting from $2,040 and Four Bedroom Apartments start at $3,006.

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

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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.

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!