24 Cheap Apartments for rent in Montgomery, AL

Last updated November 18 at 2:22pm UTC
5829 Brewbaker Blvd
Montgomery
Montgomery, AL
Updated November 3 at 6:26pm UTC
2 Bedrooms
$625
3318 S Hull St
South Hull
Montgomery, AL
Updated October 7 at 9:40am UTC
2 Bedrooms
$575
424 N California St
Capitol Heights
Montgomery, AL
Updated October 31 at 6:51pm UTC
2 Bedrooms
$535
14 Kiwanis Street
Montgomery
Montgomery, AL
Updated November 9 at 12:10pm UTC
2 Bedrooms
$525
2519 Poplar St
Highland Park
Montgomery, AL
Updated November 8 at 2:05am UTC
2 Bedrooms
$525
42 W Vandiver Blvd
Montgomery
Montgomery, AL
Updated November 14 at 10:57am UTC
Studio
$610
42 Vonora Ave
Capitol Heights
Montgomery, AL
Updated November 11 at 5:46pm UTC
3 Bedrooms
$625
1629 Gibson St
Montgomery
Montgomery, AL
Updated November 14 at 10:58am UTC
Studio
$550
1805 Miriam St
Highland Park
Montgomery, AL
Updated October 31 at 1:40am UTC
Studio
$480
3592 N Wareingwood Dr
Montgomery
Montgomery, AL
Updated October 26 at 6:16pm UTC
2 Bedrooms
$575
1511 Winona Ave
Capitol Heights
Montgomery, AL
Updated October 31 at 1:41am UTC
2 Bedrooms
$515
332 S Capitol Pkwy
Montgomery
Montgomery, AL
Updated October 29 at 6:16pm UTC
1 Bedroom
$435
2124 Greenville Street
Highland Park
Montgomery, AL
Updated November 14 at 10:58am UTC
2 Bedrooms
$600
2211 McKinley Ave
Capitol Heights
Montgomery, AL
Updated November 16 at 11:43am UTC
2 Bedrooms
$550
1502 S Court St
Garden District
Montgomery, AL
Updated November 16 at 12:01pm UTC
3 Bedrooms
$595
1225 Grove Street
Centennial Hill
Montgomery, AL
Updated November 1 at 10:19am UTC
3 Bedrooms
$550
442 Burton Ave
Garden District
Montgomery, AL
Updated October 25 at 10:43am UTC
1 Bedroom
$525
2418 Cherry St
Highland Park
Montgomery, AL
Updated November 15 at 2:21am UTC
3 Bedrooms
$525
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November 2017 Montgomery Rent Report

Welcome to the November 2017 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

November 2017 Montgomery Rent Report

Welcome to the November 2017 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 slightly over the past month

Montgomery rents have increased 0.2% over the past month, and are up moderately by 3.4% in comparison to the same time last year. Currently, median rents in Montgomery stand at $700 for a one-bedroom apartment and $850 for a two-bedroom. This is the third straight month that the city has seen rent increases after a decline in July. Montgomery's year-over-year rent growth leads the state average of 2.0%, as well as the national average of 2.7%.

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 $850 is below the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 3.4% rise in Montgomery.
  • While Montgomery's rents rose moderately over the past year, some cities nationwide saw decreases, including New York (-0.2%) and Miami (-0.2%).
  • 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.