22 Cheap Apartments for rent in Montgomery, AL

Last updated July 23 at 5:19pm UTC
1629 Gibson St
Montgomery
Montgomery, AL
Updated July 14 at 9:37am UTC
2 Bedrooms
$550
42 W Vandiver Blvd
Montgomery
Montgomery, AL
Updated July 14 at 9:36am UTC
3 Bedrooms
$610
2243 Brewton Street
Highland Park
Montgomery, AL
Updated July 13 at 10:02am UTC
1 Bedroom
$495
Yarbrough St 1829
Montgomery
Montgomery, AL
Updated July 13 at 9:57am UTC
2 Bedrooms
$550
1225 Grove Street
Centennial Hill
Montgomery, AL
Updated July 12 at 9:34am UTC
3 Bedrooms
$550
257 Pocahontas Rd
Montgomery
Montgomery, AL
Updated July 23 at 5:19pm UTC
3 Bedrooms
$565
1032 Pershing St
Cloverdale-Idlewild
Montgomery, AL
Updated July 23 at 5:18pm UTC
1 Bedroom
$600
827 S Perry St
Garden District
Montgomery, AL
Updated July 22 at 5:10pm UTC
1 Bedroom
$625
2418 Cherry St
Highland Park
Montgomery, AL
Updated July 22 at 9:08am UTC
3 Bedrooms
$525
227 Noble Ave
Garden District
Montgomery, AL
Updated July 20 at 5:20pm UTC
1 Bedroom
$480
227 Noble Ave
Garden District
Montgomery, AL
Updated July 19 at 5:12pm UTC
2 Bedrooms
$635
336 Olivia Ct
Montgomery
Montgomery, AL
Updated July 12 at 10:12am UTC
2 Bedrooms
$575
1549 Madison Ave
Capitol Heights
Montgomery, AL
Updated July 12 at 1:13am UTC
1 Bedroom
$525
505 E Shawnee Dr
Montgomery
Montgomery, AL
Updated July 10 at 5:16pm UTC
2 Bedrooms
$595
302 Ann St
Highland Park
Montgomery, AL
Updated July 7 at 5:16pm UTC
2 Bedrooms
$545
3054 McQueen St
Montgomery
Montgomery, AL
Updated July 4 at 9:24am UTC
2 Bedrooms
$625
201 2nd St
Montgomery
Montgomery, AL
Updated July 4 at 9:16am UTC
2 Bedrooms
$435
1972 Harmon St
Montgomery
Montgomery, AL
Updated July 3 at 7:23pm UTC
2 Bedrooms
$450
2118 Windsor Ave
Capitol Heights
Montgomery, AL
Updated July 3 at 7:23pm UTC
Studio
$495
446 Burton Ave
Garden District
Montgomery, AL
Updated July 3 at 7:23pm UTC
1 Bedroom
$525
330 Boyce Street
Highland Park
Montgomery, AL
Updated May 18 at 10:46am UTC
3 Bedrooms
$600

July 2018 Montgomery Rent Report

Welcome to the July 2018 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

July 2018 Montgomery Rent Report

Welcome to the July 2018 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 increase sharply over the past month

Montgomery rents have increased 0.7% over the past month, and have increased moderately by 2.1% 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 March. Montgomery's year-over-year rent growth leads the state average of 1.1%, as well as the national average of 1.4%.

Montgomery rents more affordable than many large cities nationwide

As rents have increased moderately in Montgomery, large cities nationwide have seen rents grow more modestly, or in some cases, even decline. 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 1.4% over the past year compared to the 2.1% increase in Montgomery.
  • While Montgomery's rents rose moderately over the past year, some cities nationwide saw decreases, including Seattle (-2.0%) and Minneapolis (-0.1%).
  • Renters will find more reasonable prices in Montgomery than most large cities. For example, San Francisco has a median 2BR rent of $3,070, 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.