Cheapest Neighborhoods in Montgomery, AL
Some of the cheapest neighborhoods in Montgomery are North, Old Cloverdale, and East Montgomery. These neighborhoods offer some of the lowest rent prices in Montgomery, making them ideal for renters on a budget. As of June 20, 2026, the average rent in Montgomery is $938, which is 1.9% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
North
Average Rent
$905/Month
Year-Over-Year Rent Change
1.8%
Units Available
42 Rentals
If you’re looking for a great, affordable neighborhood in Montgomery, North might be the perfect place! It has an average rent price of $905, while the city’s average stands at $938. In the last year, prices have increased by 1.8%. North is near Auburn Univ. at Montgomery, Huntingdon College, and Gayle Planetarium.
Old Cloverdale
Average Rent
$1,075/Month
Year-Over-Year Rent Change
7%
Units Available
14 Rentals
Old Cloverdale is a top choice for budget-conscious renters for a variety of reasons. The average rent in Old Cloverdale is $1,075 while the city average is $938. This is a 7% difference from last year. Residents enjoy convenient access to Faircourt Shopping Center, Auburn Univ. at Montgomery, and Selma To Montgomery National Historic Trail.
East Montgomery
Average Rent
$1,112/Month
Year-Over-Year Rent Change
3.4%
Units Available
232 Rentals
When you’re looking for a great Montgomery neighborhood on a budget, check out East Montgomery. The average rent is $1,112, compared to the city average of $938. Rent prices have increased by 3.4%. East Montgomery is convenient to Auburn Univ. at Montgomery, Montgomery Zoo, and Gayle Planetarium.
Downtown Montgomery
Average Rent
$1,292/Month
Year-Over-Year Rent Change
1.7%
Units Available
85 Rentals
Downtown Montgomery is an affordable neighborhood in Montgomery with an average rent price of $1,292. Compare this to the city average of $938. In the past year, rent prices have decreased by 1.7%. Downtown Montgomery provides easy access to Capitol Parkway Shopping Center, Alabama Nature Center, and Alabama State University.
Ready to make your move to Montgomery? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.