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24 Cheap Apartments for rent in Montgomery, AL

Last updated January 21 at 6:47pm UTC
The Fields One Center
4220 Strathmore Dr
Montgomery, AL
Updated January 21 at 12:16pm UTC
1 Bedroom
$455
2 Bedrooms
$540
3 Bedrooms
$655
The Fields Carriage Hills
3364 Fountain Ln
Montgomery, AL
Updated January 21 at 12:57pm UTC
1 Bedroom
$535
2 Bedrooms
$675
3 Bedrooms
$844
Legacy at The Lake
1421 Stonehenge Rd
Montgomery, AL
Updated January 21 at 6:47pm UTC
1 Bedroom
$579
2 Bedrooms
$679
3 Bedrooms
$799
Magnolia Terrace
155 Sylvest Dr
Montgomery, AL
Updated January 21 at 6:22pm UTC
1 Bedroom
$675
2 Bedrooms
$760
4 Bedrooms
$785
335 Buford St
Highland Park
Montgomery, AL
Updated January 21 at 11:30am UTC
1 Bedroom
$450
108 Brantwood Drive Unit B
Montgomery
Montgomery, AL
Updated January 21 at 11:30am UTC
2 Bedrooms
$600
715 Polk Street
Highland Park
Montgomery, AL
Updated January 21 at 11:30am UTC
1 Bedroom
$545
3633 Castle Ridge Rd
Montgomery
Montgomery, AL
Updated January 21 at 11:30am UTC
2 Bedrooms
$595
459 Gardendale Dr
Montgomery
Montgomery, AL
Updated January 21 at 11:30am UTC
2 Bedrooms
$525
1800 Cotton Ct
Montgomery
Montgomery, AL
Updated January 21 at 8:33am UTC
3 Bedrooms
$625
2027 MCKINLEY AVE
Capitol Heights
Montgomery, AL
Updated January 21 at 5:23pm UTC
3 Bedrooms
$625
3467 South Court St.
South Hull
Montgomery, AL
Updated January 21 at 5:45pm UTC
2 Bedrooms
$525
2723 Highland Ave.
Highland Park
Montgomery, AL
Updated January 21 at 5:45pm UTC
3 Bedrooms
$575
372 Lynwood Dr.
Montgomery
Montgomery, AL
Updated January 21 at 5:45pm UTC
3 Bedrooms
$595
257 Pocahontas Rd.
Montgomery
Montgomery, AL
Updated January 21 at 5:45pm UTC
3 Bedrooms
$565
2213 East 4th St.
Forest Park
Montgomery, AL
Updated January 21 at 5:45pm UTC
3 Bedrooms
$640
1 W. Wareingwood Dr. - 5
Montgomery
Montgomery, AL
Updated January 21 at 5:45pm UTC
2 Bedrooms
$600
227 Noble Avenue - #B
Garden District
Montgomery, AL
Updated January 21 at 5:45pm UTC
2 Bedrooms
$595
3592 Wareingwood Dr.
Montgomery
Montgomery, AL
Updated January 21 at 5:45pm UTC
2 Bedrooms
$595
424 North California Street - D
Capitol Heights
Montgomery, AL
Updated January 21 at 5:45pm UTC
2 Bedrooms
$575
517 B N. Florida Street
Montgomery
Montgomery, AL
Updated January 21 at 11:30am UTC
2 Bedrooms
$495
305 Federal Drive
Capitol Heights
Montgomery, AL
Updated January 21 at 11:30am UTC
Studio
Ask
2 Bedrooms
$495
1770 Highland Ave
Highland Park
Montgomery, AL
Updated January 21 at 5:45pm UTC
3 Bedrooms
$625

January 2019 Montgomery Rent Report

Welcome to the January 2019 Montgomery Rent Report. Montgomery rents increased over the past month. In this report, we'll evaluate trends in the Montgomery rental market, including comparisons to similar cities nationwide.

View full Montgomery Rent Report
Rent Report
Montgomery

January 2019 Montgomery Rent Report

Welcome to the January 2019 Montgomery Rent Report. Montgomery rents increased over the past month. In this report, we'll evaluate trends in the Montgomery rental market, including comparisons to similar cities nationwide.

Montgomery rents increased significantly over the past month

Montgomery rents have increased 0.4% over the past month, and have increased marginally by 0.8% in comparison to the same time last year. Currently, median rents in Montgomery stand at $710 for a one-bedroom apartment and $860 for a two-bedroom. This is the third straight month that the city has seen rent increases after a decline in September. Montgomery's year-over-year rent growth lags the state average of 2.0%, as well as the national average of 0.9%.

Montgomery rents more affordable than many large cities nationwide

As rents have increased marginally in Montgomery, a few large cities nationwide have also seen rents grow modestly. Montgomery is still more affordable than most large cities across the country.

  • Montgomery's median two-bedroom rent of $860 is below the national average of $1,180. Nationwide, rents have grown by 0.9% over the past year compared to the 0.8% increase in Montgomery.
  • While Montgomery's rents rose marginally over the past year, many cities nationwide also saw increases, including Phoenix (+3.3%), New York (+2.7%), and Denver (+2.5%).
  • Renters will find more reasonable prices in Montgomery than most large cities. For example, San Francisco has a median 2BR rent of $3,090, which is more than three-and-a-half times the price in Montgomery.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.