
Cheap Homes for Rent near Montgomery, MI from $500 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Montgomery.


303 1st St

221 S Ivy Ln

340 N Wayne St

325 W Washington Ave

4010 K Dr S
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.

4650 Capital Ave SW

201 Booth Dr

1604 Homewild Ave

302 S Walsh St

5350 Glenn Cross Rd

304 S Guilford 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.
Montgomery, MI 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 | $995 | $825 | $1,295 |
| Montgomery 3 Bedroom Homes for Rent | $1,652 | $250 | $3,500 |
| Montgomery 4 Bedroom Homes for Rent | $1,858 | $1,200 | $4,000 |
| Montgomery 5 Bedroom Homes for Rent | $1,450 | $1,450 | $1,450 |
Browse Top Homes for Rent in Montgomery
Explore Montgomery
Montgomery, MI Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Montgomery Apartments for Rent and Nearby
 The cheapest available apartment rental in Montgomery, MI is a 2 Beds unit found at Fountain Creek Senior Villas priced from $592. Whitman Crossing in the Lenawee County neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $619. Here is today’s list of the most affordable Montgomery apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Fountain Creek Senior Villas | 2 Beds, 1 bath | 2BR,1BA | $592 |
| Whitman Crossing | 1 Bedroom Unit | 1BR,1BA | $619 |
| Drake Terrace III | 2 Bedroom | 2BR,1BA | $741 |
| York Hills Apartments | York Hills Apartments - One Bedroom ** FIRST MO... | 1BR,1BA | $750 |
| Carriage Park Apartments | Carriage Park Apartments - Studio | Studio,1BA | $795 |
Best Value Apartments for Rent in Montgomery, MI and Nearby
As of July 13, 2026 the best value apartment in the Montgomery area is the $0.94 price per square foot Gala Model at Alpine Lake Apartments in the in the Jackson County neighborhood starting from $1,130. The second greatest value Montgomery apartment is the Albion Riverside Apartments - Two Bedroom - Hea... Model at Riverside Apartments starting at $975 with a $0.98 price per square foot in the Marshall Albion 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. |
|---|---|---|---|
| Alpine Lake Apartments | Gala | 2BR,1.5BA | $0.94 |
| Riverside Apartments | Albion Riverside Apartments - Two Bedroom - Hea... | 2BR,1BA | $0.98 |
| Carriage House (Albion 64 LLC) | Carriage House - Two Bedroom - Heat Included! F... | 2BR,1BA | $0.98 |
| McClellan Estates | One Bedroom | 1BR,1BA | $1.00 |
| Nelson Estates Apartments | 2Bed_1Bath | 2BR,1BA | $1.04 |
| Crosswait Estates Apartments | Two Bedroom | 2BR,1BA | $0.96 |
| Fawn River Apartments | 1 Bed | 1BR,1BA | $0.97 |
| Fountain Creek Senior Villas | 2 Beds, 1 bath | 2BR,1BA | $0.64 |
| Whitman Crossing | 1 Bedroom Unit | 1BR,1BA | $0.67 |
| Drake Terrace III | 2 Bedroom | 2BR,1BA | $0.99 |
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 ArticleReal 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Montgomery, MI Rentals by Map
See the most popular apartments and homes in Montgomery, MI
Frequently Asked Questions about Montgomery
What type of rentals are currently available in Montgomery?
There are currently 51 Apartments for Rent in Montgomery, MI with pricing that ranges from $592 to $13,820. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Montgomery ranging from $250 to $4,000.
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 $250 to $4,000 with an average monthly rent of $1,368.
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 $776 to $1,917, while Three Bedroom Homes, Condos, and Townhomes for rent range from $250 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $1,400.
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.