15 Cheap Apartments for rent in Montgomery, AL

Last updated September 25 at 4:55PM
Park Place
6121 Boardwalk Blvd
Montgomery, AL
Updated September 25 at 4:55PM
1 Bedroom
$599
2 Bedrooms
$799
3 Bedrooms
$829
Eagle Landing Apartment Homes
5800 Eagle Cir
Montgomery, AL
Updated September 25 at 4:55PM
1 Bedroom
$535
2 Bedrooms
$640
3 Bedrooms
$725
442 Burton Ave
Garden District
Montgomery, AL
Updated September 8 at 2:39AM
1 Bedroom
$525
14 Kiwanis Street
Montgomery
Montgomery, AL
Updated September 24 at 9:30AM
2 Bedrooms
$595
2118 Windsor Ave
Capitol Heights
Montgomery, AL
Updated July 6 at 6:35PM
Studio
$495
3303A Southview Ave
Edgewood
Montgomery, AL
Updated August 26 at 10:02AM
2 Bedrooms
$600
332 S Capitol Pkwy
Montgomery
Montgomery, AL
Updated September 24 at 9:41AM
1 Bedroom
$435
3592 N Wareingwood Dr
Montgomery
Montgomery, AL
Updated September 21 at 10:14AM
2 Bedrooms
$595
420 E Ogden Ave
Montgomery
Montgomery, AL
Updated September 8 at 2:39AM
3 Bedrooms
$545
1225 Grove Street
Centennial Hill
Montgomery, AL
Updated September 21 at 11:59AM
3 Bedrooms
$600
300 Calloway St
Highland Park
Montgomery, AL
Updated September 15 at 3:28AM
3 Bedrooms
$595
3609 Wilmington Rd
Montgomery
Montgomery, AL
Updated September 23 at 9:56AM
3 Bedrooms
$600
42 W Vandiver Blvd
Montgomery
Montgomery, AL
Updated September 2 at 10:53AM
Studio
$610
2211 McKinley Ave
Capitol Heights
Montgomery, AL
Updated September 14 at 10:57AM
2 Bedrooms
$550
Results within 10 miles of Montgomery, AL
386 Dogwood Trail
Deatsville
Deatsville, AL
Updated September 10 at 9:56AM
3 Bedrooms
$600
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Rent Report
Montgomery

September 2017 Montgomery Rent Report

Welcome to the September 2017 Montgomery Rent Report. Montgomery rents remained steady over the past month. In this report, we'll evaluate trends in the Montgomery rental market, including comparisons to similar cities nationwide.

Montgomery rents held steady over the past month

Montgomery rents have remained flat over the past month, however, they have increased moderately by 2.4% year-over-year. Currently, median rents in Montgomery stand at $700 for a one-bedroom apartment and $840 for a two-bedroom. Montgomery's year-over-year rent growth is level with the state average of 2.4%, but lags the national average of 3.0%.

Montgomery rents more affordable than many large cities nationwide

Rent growth in Montgomery has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Montgomery is still more affordable than most large cities across the country.

  • Montgomery's median two-bedroom rent of $840 is below the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 2.4% rise in Montgomery.
  • While rents in Montgomery remained moderately stable this year, similar cities saw increases, including Seattle (+5.4%), Phoenix (+4.9%), and Denver (+3.0%); note that median 2BR rents in these cities go for $1,710, $1,020, and $1,350 respectively.
  • 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.