$1,400 Per Month
- 2 Beds
- 2 Baths
- 964 Sq Ft
- Condo for Rent
12100 Melville Dr Unit 708G, Montgomery, TX 77356
12100 Melville Dr Unit 708G, Montgomery, TX 77356
Frequently Asked Questions
How much does it cost to rent a condo in Montgomery, TX?
The median rent for a condo in Montgomery, TX is $1,450 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Montgomery, TX?
To comfortably afford the median rent in Montgomery, TX, a household needs to earn roughly $76,880 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,922 per month in Montgomery, TX, renters typically need to show $5,766 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Montgomery, TX?
In Montgomery, TX, the price-to-rent ratio is 15.6, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Montgomery, TX are best for renting a condo?
The best neighborhood for renting in Montgomery, TX depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Lake Conroe, Alden Bridge, Panther Creek, Sterling Ridge and Northampton, each with its own character and price range.
