Most Affordable Neighborhoods in Montgomery, AL
Some of the cheapest neighborhoods in Montgomery are Elsmeade, South Montgomery, 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 17, 2025, the average rent in Montgomery is $908, which is 3.2% 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.
Elsmeade
Average Rent
$771/Month
TransitScore® Rating
23/100
Units Available
11 Rentals
Elsmeade is an affordable neighborhood in Montgomery with an average rent price of $771. Compare this to the city average of $908. Elsmeade provides easy access to Montgomery Regional (Dannelly Field), Bell Oaks Shopping Center, and Alabama State University. It’s a car-dependent neighborhood with a WalkScore® of 39.
South Montgomery
Average Rent
$1,060/Month
Year-Over-Year Rent Change
3.3%
TransitScore® Rating
16/100
Units Available
131 Rentals
If you’re looking for a great, affordable neighborhood in Montgomery, South Montgomery might be the perfect place! It has an average rent price of $1,060, while the city’s average stands at $908. In the last year, prices have increased by 3.3%. South Montgomery is near Selma To Montgomery National Historic Trail, Alabama State University, and Auburn Univ. at Montgomery.
East Montgomery
Average Rent
$1,067/Month
Year-Over-Year Rent Change
4.1%
TransitScore® Rating
16/100
Units Available
168 Rentals
East Montgomery is a top choice for budget-conscious renters for a variety of reasons. The average rent in East Montgomery is $1,067 while the city average is $908. This is a 4.1% difference from last year. Residents enjoy convenient access to Jasmine Hill Gardens & Outdoor Museum, Faulkner University, and Montgomery Regional (Dannelly Field). The neighborhood is considered car-dependent with a WalkScore® of 38.
Downtown Montgomery
Average Rent
$1,326/Month
Year-Over-Year Rent Change
2.7%
TransitScore® Rating
26/100
Units Available
64 Rentals
When you’re looking for a great Montgomery neighborhood on a budget, check out Downtown Montgomery. The average rent is $1,326, compared to the city average of $908. Rent prices have increased by 2.7%. Downtown Montgomery is convenient to Montgomery Regional (Dannelly Field), Alabama Nature Center, and Madison Square. The community is somewhat walkable with a WalkScore® of 56.
Lower Commerce Historic District
Average Rent
$1,416/Month
TransitScore® Rating
32/100
Units Available
26 Rentals
Lower Commerce Historic District is an affordable neighborhood in Montgomery with an average rent price of $1,416. Compare this to the city average of $908. Lower Commerce Historic District provides easy access to Knight's Plaza, Montgomery Regional (Dannelly Field), and Alabama Nature Center. It’s a somewhat walkable neighborhood with a WalkScore® of 62.
Sturbridge
Average Rent
$1,447/Month
TransitScore® Rating
11/100
Units Available
11 Rentals
If you’re looking for a great, affordable neighborhood in Montgomery, Sturbridge might be the perfect place! It has an average rent price of $1,447, while the city’s average stands at $908. Sturbridge is near Alabama State University, Huntingdon College, and Pepper Tree II.
Entertainment District
Average Rent
$1,471/Month
TransitScore® Rating
32/100
Units Available
45 Rentals
Entertainment District is a top choice for budget-conscious renters for a variety of reasons. The average rent in Entertainment District is $1,471 while the city average is $908. Residents enjoy convenient access to Alabama State University, Faircourt Shopping Center, and Huntingdon College. The neighborhood is considered somewhat walkable with a WalkScore® of 66.
Maxwell Blvd E-Overlook Park
Average Rent
$1,495/Month
TransitScore® Rating
32/100
Units Available
21 Rentals
When you’re looking for a great Montgomery neighborhood on a budget, check out Maxwell Blvd E-Overlook Park. The average rent is $1,495, compared to the city average of $908. Maxwell Blvd E-Overlook Park is convenient to Capitol Parkway Shopping Center, Selma To Montgomery National Historic Trail, and Gayle Planetarium. The community is somewhat walkable with a WalkScore® of 58.
Cottage Hill
Average Rent
$1,728/Month
Year-Over-Year Rent Change
0.9%
TransitScore® Rating
32/100
Units Available
10 Rentals
Cottage Hill is an affordable neighborhood in Montgomery with an average rent price of $1,728. Compare this to the city average of $908. In the past year, rent prices have increased by 0.9%. Cottage Hill provides easy access to Faircourt Shopping Center, Auburn Univ. at Montgomery, and Faulkner University. It’s a somewhat walkable neighborhood with a WalkScore® of 56.
Cottage Hill Historic District
Average Rent
$1,728/Month
TransitScore® Rating
32/100
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Montgomery, Cottage Hill Historic District might be the perfect place! It has an average rent price of $1,728, while the city’s average stands at $908. Cottage Hill Historic District is near Alabama Nature Center, Faulkner University, and Gayle Planetarium.
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.