Cheap Homes for Rent in Montgomery, IL from $900 (8 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in Montgomery.

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.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Montgomery, IL Local Guide

Cheapest Neighborhoods for Apartments in Montgomery, IL

Pricing Updated: 05/28/2025

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$2,840$60031
Blackberry Crossing West$3,162$1,30045
Orchard Prairie North$3,162$1,20044

Cheapest Available Montgomery Apartments for Rent and Nearby

 

The cheapest available apartment rental in Montgomery, IL is a 1 Bed unit found at Deville Manor in the Prescott Mill Crossings neighborhood priced from $460. Leland Tower Apartments in the West Side Aurora neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,275. Here is today’s list of the most affordable Montgomery apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Deville ManorOne Bedroom1BR,1BA$460
Leland Tower ApartmentsNew York1BR,1BA$1,275
The Reserve at Hudson CrossingHarrisonStudio,1BA$1,365

Best Value Apartments for Rent in Montgomery, IL and Nearby

As of May 28, 2025 the best value apartment in the Montgomery area is the $1.73 price per square foot Campania End Model at Bristol Bay of Yorkville in the in the Blackberry Crossing West neighborhood starting from $2,985. The second greatest value Montgomery apartment is the 3BR Vista Model at Avanterra Wolfs Crossing starting at $3,149 with a $2.04 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Bristol Bay of YorkvilleCampania End3BR,2.5BA$1.73
Avanterra Wolfs Crossing3BR Vista3BR,2.5BA$2.04
Redwood OswegoHaydenwood2BR,2BA$1.92
Downer Place Lofts2bed/1bath2BR,1BA$1.67
Deville ManorTwo Bedroom2BR,1BA$1.11
Fox Pointe Apartments2 Bed 2 Bath2BR,2BA$1.57
Covey at Fox Valley ApartmentsSanctuary2BR,1BA$2.15
Farmington Lakes ApartmentsHawthorn II1BR,1BA$2.09
Lakeview ResidencesB12BR,1BA$2.22
Montgomery Place ApartmentsJuniper1BR,1BA$2.29

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Montgomery

What type of rentals are currently available in Montgomery?

There are currently 147 Apartments for Rent in Montgomery, IL with pricing that ranges from $1,070 to $3,769. There are also 70 Single Family Homes for rent, Condos, and Townhome rentals currently available in Montgomery ranging from $900 to $5,000.

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 $900 to $5,000 with an average monthly rent of $2,883.

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 $3,769, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,650 to $3,300. Four Bedroom Single-Family rentals are also available starting from $3,100 and Four Bedroom Apartments start at $2,050.

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.