Most Affordable Neighborhoods in Montgomery, AL
Some of the cheapest neighborhoods in Montgomery are Highland Park, Forest Park, and North. These neighborhoods offer some of the lowest rent prices in Montgomery, making them ideal for renters on a budget. As of January 26, 2025, the average rent in Montgomery is $878, which is 2.4% 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.
Highland Park
Average Rent
$691/Month
TransitScore® Rating
20/100
Units Available
6 Rentals
Highland Park is an affordable neighborhood in Montgomery with an average rent price of $691. Compare this to the city average of $878. Highland Park provides easy access to Montgomery Regional (Dannelly Field), Midtown Plaza, and Auburn Univ. at Montgomery. It’s a car-dependent neighborhood with a WalkScore® of 49.
Forest Park
Average Rent
$842/Month
TransitScore® Rating
21/100
Units Available
5 Rentals
If you’re looking for a great, affordable neighborhood in Montgomery, Forest Park might be the perfect place! It has an average rent price of $842, while the city’s average stands at $878. Forest Park is near Country Club Center, Faulkner University, and Montgomery Regional (Dannelly Field).
North
Average Rent
$893/Month
Year-Over-Year Rent Change
5%
TransitScore® Rating
10/100
Units Available
4 Rentals
North is a top choice for budget-conscious renters for a variety of reasons. The average rent in North is $893 while the city average is $878. This is a 5% difference from last year. Residents enjoy convenient access to Montgomery Regional (Dannelly Field), Auburn Univ. at Montgomery, and Tallapoosa River Crossing. The neighborhood is considered car-dependent with a WalkScore® of 16.
North Montgomery
Average Rent
$893/Month
Year-Over-Year Rent Change
5%
TransitScore® Rating
10/100
Units Available
4 Rentals
When you’re looking for a great Montgomery neighborhood on a budget, check out North Montgomery. The average rent is $893, compared to the city average of $878. Rent prices have increased by 5%. North Montgomery is convenient to Gayle Planetarium, Faulkner University, and Park Plaza. The community is car-dependent with a WalkScore® of 16.
Hillwood
Average Rent
$918/Month
Year-Over-Year Rent Change
2.7%
TransitScore® Rating
21/100
Units Available
8 Rentals
Hillwood is an affordable neighborhood in Montgomery with an average rent price of $918. Compare this to the city average of $878. In the past year, rent prices have increased by 2.7%. Hillwood provides easy access to Auburn Univ. at Montgomery, Montgomery Regional (Dannelly Field), and Faulkner University. It’s a somewhat walkable neighborhood with a WalkScore® of 51.
South Montgomery
Average Rent
$926/Month
Year-Over-Year Rent Change
3.3%
TransitScore® Rating
44/100
Units Available
183 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 $926, while the city’s average stands at $878. In the last year, prices have increased by 3.3%. South Montgomery is near Sierra Heritage Shopping Center, Auburn Univ. at Montgomery, and Norman Bridge Center.
East Montgomery
Average Rent
$1,021/Month
Year-Over-Year Rent Change
2.2%
TransitScore® Rating
16/100
Units Available
194 Rentals
East Montgomery is a top choice for budget-conscious renters for a variety of reasons. The average rent in East Montgomery is $1,021 while the city average is $878. This is a 2.2% difference from last year. Residents enjoy convenient access to Montgomery Zoo, Auburn Univ. at Montgomery, and Gayle Planetarium. The neighborhood is considered car-dependent with a WalkScore® of 38.
Old Cloverdale
Average Rent
$1,111/Month
Year-Over-Year Rent Change
1.4%
TransitScore® Rating
21/100
Units Available
7 Rentals
When you’re looking for a great Montgomery neighborhood on a budget, check out Old Cloverdale. The average rent is $1,111, compared to the city average of $878. Rent prices have increased by 1.4%. Old Cloverdale is convenient to Huntingdon College, Country Club Center, and Faulkner University. The community is somewhat walkable with a WalkScore® of 66.
Downtown Montgomery
Average Rent
$1,191/Month
Year-Over-Year Rent Change
4.8%
TransitScore® Rating
52/100
Units Available
46 Rentals
Downtown Montgomery is an affordable neighborhood in Montgomery with an average rent price of $1,191. Compare this to the city average of $878. In the past year, rent prices have increased by 4.8%. Downtown Montgomery provides easy access to Faulkner University, Capitol Parkway Shopping Center, and Montgomery Regional (Dannelly Field). It’s a walkable neighborhood with a WalkScore® of 88.
Edgewood
Average Rent
$1,368/Month
TransitScore® Rating
20/100
Units Available
3 Rentals
If you’re looking for a great, affordable neighborhood in Montgomery, Edgewood might be the perfect place! It has an average rent price of $1,368, while the city’s average stands at $878. Edgewood is near Country Club Center, Faircourt Shopping Center, and Normandale Shopping 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.