Best Affordable Neighborhoods in Montgomery, AL
Some of the cheapest neighborhoods in Montgomery are North, East Montgomery, and Downtown Montgomery. These neighborhoods offer some of the lowest rent prices in Montgomery, making them ideal for renters on a budget. As of May 6, 2026, the average rent in Montgomery is $908, which is 0% lower 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
$915/Month
Year-Over-Year Rent Change
1.1%
Units Available
46 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 $915, while the city’s average stands at $908. In the last year, prices have increased by 1.1%. North is near Tallapoosa River Crossing, Montgomery Regional (Dannelly Field), and Huntingdon College.
East Montgomery
Average Rent
$1,089/Month
Year-Over-Year Rent Change
0.4%
Units Available
196 Rentals
East Montgomery is a top choice for budget-conscious renters for a variety of reasons. The average rent in East Montgomery is $1,089 while the city average is $908. This is a 0.4% difference from last year. Residents enjoy convenient access to Montgomery Zoo, Shoppes at East Chase, and Taylor Junction.
Downtown Montgomery
Average Rent
$1,366/Month
Year-Over-Year Rent Change
2.1%
Units Available
91 Rentals
When you’re looking for a great Montgomery neighborhood on a budget, check out Downtown Montgomery. The average rent is $1,366, compared to the city average of $908. Rent prices have decreased by 2.1%. Downtown Montgomery is convenient to Alabama Nature Center, Montgomery Regional (Dannelly Field), and Capitol Parkway Shopping Center.
Cottage Hill
Average Rent
$1,463/Month
Year-Over-Year Rent Change
0.8%
Units Available
10 Rentals
Cottage Hill is an affordable neighborhood in Montgomery with an average rent price of $1,463. Compare this to the city average of $908. In the past year, rent prices have increased by 0.8%. Cottage Hill provides easy access to Gayle Planetarium, Faulkner University, and Auburn Univ. at Montgomery.
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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.