Cheapest Neighborhoods in Montgomery, AL
Some of the cheapest neighborhoods in Montgomery are Capitol Heights, 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 September 19, 2026, the average rent in Montgomery is $943, which is 1.1% 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.
Capitol Heights
Average Rent
$956/Month
Year-Over-Year Rent Change
1%
Units Available
13 Rentals
If you’re looking for a great, affordable neighborhood in Montgomery, Capitol Heights might be the perfect place! It has an average rent price of $956, while the city’s average stands at $943. In the last year, prices have increased by 1%. Capitol Heights is near Auburn Univ. at Montgomery, Montgomery Zoo, and Montgomery Regional (Dannelly Field).
East Montgomery
Average Rent
$1,136/Month
Year-Over-Year Rent Change
1%
Units Available
221 Rentals
East Montgomery is a top choice for budget-conscious renters for a variety of reasons. The average rent in East Montgomery is $1,136 while the city average is $943. This is a -1% difference from last year. Residents enjoy convenient access to Jasmine Hill Gardens & Outdoor Museum, Montgomery Zoo, and Gayle Planetarium.
Downtown Montgomery
Average Rent
$1,288/Month
Year-Over-Year Rent Change
1.2%
Units Available
84 Rentals
When you’re looking for a great Montgomery neighborhood on a budget, check out Downtown Montgomery. The average rent is $1,288, compared to the city average of $943. Rent prices have increased by 1.2%. Downtown Montgomery is convenient to Montgomery Regional (Dannelly Field), Alabama State University, and Faulkner University.
Cottage Hill
Average Rent
$1,491/Month
Units Available
11 Rentals
Cottage Hill is an affordable neighborhood in Montgomery with an average rent price of $1,491. Compare this to the city average of $943. Cottage Hill provides easy access to Gayle Planetarium, Montgomery Regional (Dannelly Field), and Alabama Nature Center.
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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.