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27 Cheap Apartments for rent in Montgomery, AL

Last updated September 21 at 5:29pm UTC
Legacy at The Lake
1421 Stonehenge Rd
Montgomery, AL
Updated September 21 at 4:44pm UTC
1 Bedroom
$579
2 Bedrooms
$679
3 Bedrooms
$799
3205 Lexington Rd
Garden District
Montgomery, AL
Updated September 21 at 5:29pm UTC
1 Bedroom
$485
42 W Vandiver Blvd
Montgomery
Montgomery, AL
Updated September 21 at 12:58pm UTC
3 Bedrooms
$610
1942 Norman Bridge Ct
Garden District
Montgomery, AL
Updated September 20 at 5:33pm UTC
Studio
$475
42 Vonora Ave
Capitol Heights
Montgomery, AL
Updated September 20 at 5:33pm UTC
3 Bedrooms
$625
827 S Perry St
Garden District
Montgomery, AL
Updated September 19 at 7:03pm UTC
1 Bedroom
$625
330 Boyce Street
Highland Park
Montgomery, AL
Updated September 15 at 12:57pm UTC
3 Bedrooms
$600
1020 Pershing St
Cloverdale-Idlewild
Montgomery, AL
Updated September 14 at 1:41am UTC
1 Bedroom
$620
227 Noble Ave
Garden District
Montgomery, AL
Updated September 12 at 5:33pm UTC
1 Bedroom
$480
227 Noble Ave
Garden District
Montgomery, AL
Updated August 24 at 2:40am UTC
2 Bedrooms
$635
3443 Harris St
Montgomery
Montgomery, AL
Updated August 24 at 2:40am UTC
2 Bedrooms
$500
2418 Cherry St
Highland Park
Montgomery, AL
Updated September 15 at 5:42pm UTC
3 Bedrooms
$525
107 Oak Forest Dr
Montgomery
Montgomery, AL
Updated September 14 at 5:30pm UTC
2 Bedrooms
$600
111 Cedar Street
Montgomery
Montgomery, AL
Updated September 6 at 9:44am UTC
3 Bedrooms
$625
4010 Vandiver Court
Montgomery
Montgomery, AL
Updated September 5 at 9:50am UTC
2 Bedrooms
$545
1225 Grove Street
Centennial Hill
Montgomery, AL
Updated September 3 at 11:25am UTC
3 Bedrooms
$550
2220 Poplar St
Highland Park
Montgomery, AL
Updated September 1 at 5:46pm UTC
3 Bedrooms
$545
1629 Gibson St
Montgomery
Montgomery, AL
Updated August 28 at 10:24am UTC
2 Bedrooms
$525
2614 Skyline Ave
Montgomery
Montgomery, AL
Updated August 24 at 2:41am UTC
2 Bedrooms
$515
302 Ann St
Highland Park
Montgomery, AL
Updated August 24 at 2:41am UTC
2 Bedrooms
$545
1972 Harmon St
Montgomery
Montgomery, AL
Updated August 24 at 2:40am UTC
2 Bedrooms
$450
2118 Windsor Ave
Capitol Heights
Montgomery, AL
Updated August 24 at 2:40am UTC
Studio
$495
3215 Hackberry Ln
Montgomery
Montgomery, AL
Updated September 14 at 5:30pm UTC
3 Bedrooms
$625

September 2018 Montgomery Rent Report

Welcome to the September 2018 Montgomery Rent Report. Montgomery rents declined 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

September 2018 Montgomery Rent Report

Welcome to the September 2018 Montgomery Rent Report. Montgomery rents declined over the past month. In this report, we'll evaluate trends in the Montgomery rental market, including comparisons to similar cities nationwide.

Montgomery rents decline sharply over the past month

Montgomery rents have declined 0.6% over the past month, but have increased marginally by 0.9% 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 second straight month that the city has seen rent decreases after an increase in June. Montgomery's year-over-year rent growth leads the state average of 0.6%, but trails the national average of 1.0%.

Montgomery rents more affordable than many large cities nationwide

As rents have increased marginally in Montgomery, large cities nationwide have seen rents grow more quickly. 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 $1,180. Nationwide, rents have grown by 1.0% over the past year compared to the 0.9% increase in Montgomery.
  • While Montgomery's rents rose marginally over the past year, some cities nationwide saw decreases, including Seattle (-2.4%) and Minneapolis (-0.5%).
  • Renters will find more reasonable prices in Montgomery than most large cities. For example, San Francisco has a median 2BR rent of $3,100, 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.