Cheap Homes for Rent in Helena, MT from $500 (10 Rentals)

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Search the lowest-cost Homes available for rent right now in Helena.

property at 816 5th Ave

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

1 Bedroom, 1 Bath Townhome for Rent

Available Now

816 5th Ave, Unit West, Unit West

816 5th Ave
HelenaMT59601

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Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Helena, MT Local Guide

Cheapest Available Helena Apartments for Rent

 

The cheapest available apartment rental in Helena, MT is a 1 Bed unit found at Twin Cedars priced from $1,125. Element 79 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,150. Here is today’s list of the most affordable Helena apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Twin CedarsFinch1BR,1BA$1,125
Element 79Platinum (Vintage)1BR,1BA$1,150
Queens Ann Patio Home ApartmentsSingle level w/ attached garage included1BR,1BA$1,399

Best Value Apartments for Rent in Helena, MT

As of April 23, 2026 the best value apartment in the Helena area is the $1.03 price per square foot 510 E King St Model at 510 E King St, Unit 510 B in the starting from $1,500. The second greatest value Helena apartment is the 1BR/1.0BA Model at Summerville Flats starting at $1,885 with a $1.97 price per square foot . Here is today’s list of the best values for Helena apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
510 E King St, Unit 510 B510 E King St2BR,1BA$1.03
Summerville Flats1BR/1.0BA1BR,1BA$1.97
Elkhorn FlatsYellowstone2BR,1BA$2.33
214 E Broadway St, Unit General Rental Application214 E Broadway St1BR,1BA$1.25
Element 79Platinum (Vintage)1BR,1BA$1.84
Twin CedarsFinch1BR,1BA$1.81

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Frequently Asked Questions about Helena

What type of rentals are currently available in Helena?

There are currently 64 Apartments for Rent in Helena, MT with pricing that ranges from $1,000 to $6,315. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in Helena ranging from $500 to $5,000.

What is the current price range for Rental Homes in Helena?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Helena ranges from $500 to $5,000 with an average monthly rent of $2,141.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.