The Terrace at Pine Lake Cove
275 Pine Terrace Dr,
Montgomery, TX 77316
Studio - 3 Beds | $1,200 - $2,325
Rental Market Trends in Montgomery, TX
What is the average rent in Montgomery, TX?
$1,292/month
Average Rent
740 Sq Ft
Average Apartment Size
-0.3%
Decrease in the Last Year
As of December 2024, the average rent in Montgomery, TX is $1,292 per month. This is 17% lower than the national average rent of $1,560/month, making renting in Montgomery more affordable than most cities in the US. When you rent an apartment in Montgomery, you can expect to pay about $1,015 per month for a studio, $1,292 for a one-bedroom apartment, and around $1,586 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,974 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Montgomery, TX?
In the past year, rent has decreased by 0.3%, which averages out to $3 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Montgomery, TX
Last Updated December 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
9%
$700 - $1,000/month
64%
$1,001 - $1,500/month
18%
$1,501 - $2,000/month
9%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Montgomery?
Based on current rent prices, Walden, Grand Harbor and April Sound are the most affordable neighborhoods in Montgomery.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Montgomery?
Based on current rent prices, April Sound, Grand Harbor and Walden are the most expensive neighborhoods in Montgomery.
Neighborhood
Average Rent
Average Sq Ft
Which Montgomery neighborhoods have the most rentals available?
The neighborhoods in Montgomery with the most apartments available are Grand Harbor, Walden and April Sound .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Montgomery, TX?
Because the average rent in Montgomery is $1,292, you’ll want to make about $4,306 per month or $51,672 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Montgomery, TX compare to other nearby cities and neighborhoods?
Use the tool below to compare Montgomery, TX to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
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One Bedroom
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Two Bedroom
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Three Bedroom
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.