20 Cheap Apartments for rent in Montgomery, AL

Last updated January 19 at 8:46am UTC
3812 Narrow Lane Road
Montgomery
Montgomery, AL
Updated January 5 at 11:08am UTC
2 Bedrooms
$525
1805 Miriam St
Highland Park
Montgomery, AL
Updated January 3 at 1:47am UTC
Studio
$480
424 N California St
Capitol Heights
Montgomery, AL
Updated January 18 at 10:02am UTC
2 Bedrooms
$515
524 Eastdale Rd S
Montgomery
Montgomery, AL
Updated January 9 at 11:46am UTC
2 Bedrooms
$625
2211 McKinley Ave
Capitol Heights
Montgomery, AL
Updated January 3 at 3:35pm UTC
2 Bedrooms
$550
1502 S Court St
Garden District
Montgomery, AL
Updated January 18 at 7:57pm UTC
3 Bedrooms
$595
2519 Poplar St
Highland Park
Montgomery, AL
Updated January 11 at 1:38am UTC
2 Bedrooms
$525
2118 Windsor Ave
Capitol Heights
Montgomery, AL
Updated January 3 at 1:46am UTC
Studio
$495
2124 Greenville Street
Highland Park
Montgomery, AL
Updated January 3 at 3:40pm UTC
2 Bedrooms
$600
108 Brantwood Dr
Montgomery
Montgomery, AL
Updated January 11 at 11:59am UTC
2 Bedrooms
$600
2622 Plum Street
Highland Park
Montgomery, AL
Updated January 4 at 12:11pm UTC
2 Bedrooms
$495
1 W Wareingwood Dr
Montgomery
Montgomery, AL
Updated January 11 at 1:38am UTC
3 Bedrooms
$635
2303 E 3rd St
Forest Park
Montgomery, AL
Updated January 11 at 12:00pm UTC
4 Bedrooms
$640
2312 E Second St
Forest Park
Montgomery, AL
Updated January 11 at 11:57am UTC
2 Bedrooms
$600
5829 Brewbaker Blvd
Montgomery
Montgomery, AL
Updated January 3 at 1:48am UTC
2 Bedrooms
$625
442 Burton Ave
Garden District
Montgomery, AL
Updated January 3 at 1:46am UTC
1 Bedroom
$525
42 W Vandiver Blvd
Montgomery
Montgomery, AL
Updated January 3 at 3:39pm UTC
Studio
$610
3467 S Court St
South Hull
Montgomery, AL
Updated January 18 at 10:00am UTC
2 Bedrooms
$560
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January 2018 Montgomery Rent Report

Welcome to the January 2018 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.

View full Montgomery Rent Report
Rent Report
Montgomery

January 2018 Montgomery Rent Report

Welcome to the January 2018 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 are up moderately by 3.0% year-over-year. Currently, median rents in Montgomery stand at $710 for a one-bedroom apartment and $850 for a two-bedroom. Montgomery's year-over-year rent growth leads the state average of 1.7%, as well as the national average of 2.8%.

Montgomery rents more affordable than many large cities nationwide

As rents have increased moderately 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 $850 is below the national average of $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the 3.0% rise in Montgomery.
  • While Montgomery's rents rose moderately over the past year, many cities nationwide also saw increases, including Phoenix (+3.8%), Seattle (+3.0%), and Dallas (+2.2%).
  • Renters will find more reasonable prices in Montgomery than most large cities. For example, San Francisco has a median 2BR rent of $3,010, 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.