Last updated
Average Rent in Montgomery, AL & Rent Trends
Rent prices and market trends across 4 apartment communities in Montgomery, AL. Updated daily.
Market Average
$1,393/mo
Lowest Available
$1,092/mo
cheapest unit on market
Communities
4
tracked daily
Units Listed
12
available now
Price Cuts This Week in Montgomery, AL
6 listed units across 1 building offering 3 bed units in Montgomery, AL dropped their asking rent in the past 7 days, an average cut of $25/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| The Gatsby at Midtown Apartment Living | Unit 0801, 2 x 2 R | $1,200 | $1,175 | $25 |
| The Gatsby at Midtown Apartment Living | Unit 1002, 2 x 2 R | $1,200 | $1,175 | $25 |
| The Gatsby at Midtown Apartment Living | Unit 1204, 2 x 2 R | $1,200 | $1,175 | $25 |
| The Gatsby at Midtown Apartment Living | Unit 1503, 2 x 2 R | $1,200 | $1,175 | $25 |
| The Gatsby at Midtown Apartment Living | Unit 1504, 2 x 2 R | $1,200 | $1,175 | $25 |
| The Gatsby at Midtown Apartment Living | Unit 1702, 2 x 2 R | $1,200 | $1,175 | $25 |
Rent by Neighborhood in Montgomery, AL
Compare average rent across Montgomery, AL neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | 30d Change | From | Properties | Units |
|---|---|---|---|---|---|
| Montgomery 36116 | $1,536 | ▼ $8 | $1,259 | 2 | 21 |
| Montgomery 36104 | $1,372 | ▲ $12 | $749 | 7 | 20 |
| Montgomery 36117 | $1,319 | ▼ $172 | $950 | 3 | 21 |
| Hillwood | $1,189 | ▼ $115 | $899 | 3 | 17 |
Is Rent Going Up or Down in Montgomery, AL?
As of August 2026, the average rent in Montgomery, AL is $1,393 per month across 4 apartment communities and 12 available units.
The most affordable option is Columbus Square Apartments starting at $1,092/mo. By unit type, a 3-bedroom averages $1,393/mo.
Prices range from $1,092 to $1,695 per month. The most common price point is the $1,200 range, where 7 units are currently listed.
Rent Price Distribution
Rent by Bedroom Type in Montgomery, AL
Rent Prices by Apartment in Montgomery, AL
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Columbus Square Apartments | $1,092/mo | $1,092/mo | 1 | 3.8 |
| The Gatsby at Midtown Apartment Living | $1,320/mo | $1,320/mo | 7 | 3.4 |
| Halcyon Park | $1,495/mo | $1,562/mo | 3 | 4.9 |
| The Reserve at Billingsley | $1,695/mo | $1,695/mo | 1 | 4.6 |
Frequently Asked Questions About Rent in Montgomery, AL
What is the average rent in Montgomery, AL?
Is rent going up or down in Montgomery, AL?
What is the cheapest apartment in Montgomery, AL?
How many apartments are available in Montgomery, AL?
What salary do I need to live comfortably in Montgomery, AL?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$56,000/year
Based on the 30 percent rule, using our tracked average rent of $1,393/mo.
Comfortable income
$67,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,092/mo), you need to earn at least $44,000/year.
Median household income in Montgomery, AL is $55,687 , about 17% below the comfortable-living threshold.
Cost of living in Montgomery, AL
Overall prices in Montgomery, AL runs below the national average by about 10% (BEA Regional Price Parity index 89.9, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Montgomery, AL's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,393 |
| Utilities | $283 |
| Groceries | $511 |
| Transportation | $674 |
| Healthcare | $329 |
| Other goods and services | $526 |
| Estimated total | $3,714/mo |
Population
198,440
Median household income
$55,687
Census median rent
$1,059/mo
Rent as % of income
31.0%
Median age
36.2
Mean commute
21 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Montgomery, AL Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Montgomery, AL Apartments
Browse all 4 communities with daily-updated pricing and availability.