Cheap Apartments for Rent in Melstone, MT from $400 (63 Rentals)

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Search the lowest-cost Apartments available for rent right now in Melstone.

property at 1526 Lake Elmo Dr

$1,134 - $1,408

Total Monthly Price

Total Monthly Price

Base Rent
$1,134 - $1,408
Total Monthly Price
$1,134 - $1,408

1 To 2 Bedroom Condos for Rent

Available May 16

1526 Lake Elmo Dr

BillingsMT59105

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

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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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Hunter's Pointe
Rent Specials
$1,449 - $5,621
Total Monthly Price

Total Monthly Price

Base Rent
$1,449 - $5,621
Total Monthly Price
$1,449 - $5,621
Studio to 3 Bedroom Apartments Available Now

Hunter's Pointe

3040 Central AveBillings, MT 59102
Furnished
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  • 3D Tour

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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307 S 28th St
Studio to 2 Bedroom Apartments

307 S 28th St

307 S 28th StBillings, MT 59101
  • Utilities Included
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4 Lewis Ave
Studio to 1 Bedroom Apartments

4 Lewis Ave

4 Lewis AveBillings, MT 59101
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Ridgeview Apartments
Studio to 2 Bedroom Apartments

Ridgeview Apartments

1203 Broadwater AveBillings, MT 59102
  • Utilities Included
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Midway Apartments
1 Bedroom Apartments

Midway Apartments

2020 Alderson AveBillings, MT 59102
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810 Crist Dr
1 Bedroom Apartments

810 Crist Dr

810 Crist DrBillings, MT 59105
  • Utilities Included
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Central Court Village
1 to 2 Bedroom Apartments

Central Court Village

78 27th St WBillings, MT 59102
Senior Living
  • Utilities Included
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3 7th St. West
2 Bedroom Apartments

3 7th St. West

3 7th St WBillings, MT 59101

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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1410 Lake Elmo Dr
2 Bedroom Apartments

1410 Lake Elmo Dr

1410 Lake Elmo DrBillings, MT 59105
  • Utilities Included
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1433 Wyoming Ave
2 to 3 Bedroom Apartments

1433 Wyoming Ave

1433 Wyoming AveBillings, MT 59102
  • Utilities Included
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1937 Clubhouse Way
2 Bedroom Apartments

1937 Clubhouse Way

1937 Clubhouse WayBillings, MT 59105
  • Utilities Included
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Samuel Court
1 Bedroom Apartments

Samuel Court

601 Samuel CtBillings, MT 59105
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813 Dreamers Loop
1 Bedroom Apartments

813 Dreamers Loop

839 Dreamers LoopBillings, MT 59105
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Bench Apartments
1 Bedroom Apartments

Bench Apartments

927 Bench BlvdBillings, MT 59105

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Melstone, MT Local Guide

Cheapest Available Melstone Apartments for Rent and Nearby

 

The cheapest available apartment rental in Melstone, MT is a 1 Bed unit found at The Place at North 24th in the North Side Billings neighborhood priced from $595. The Place at Lake Elmo in the East Heights neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Melstone apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Place at North 24thStudio1BR,1BA$595
The Place at Lake Elmo1 Bedroom1BR,1BA$800
1141 28th St1 Beds1BR,1BA$850
The Place at Rimrock1 Bedroom1BR,1BA$850
Rockvue Lofts2 bed 1 bath2BR,1BA$865
838 Avenue B1 BD 1 bath1BR,1BA$925
Highlands Apartments2 Bed | 1 Bath2BR,1BA$1,095
Central Court Village2 Bedroom | 1 Bath2BR,1BA$1,108
Colton Heights Apartments2 Bedroom2BR,1BA$1,175
Grand Slam Patio Home ApartmentsSingle level 1 bed/1 bath1BR,1BA$1,199

Best Value Apartments for Rent in Melstone, MT and Nearby

As of May 09, 2026 the best value apartment in the Melstone area is the $1.26 price per square foot Elk Horn Model at Farmstead Townhomes in the in the West Central Billings neighborhood starting from $3,095. The second greatest value Melstone apartment is the 2 Bed/1.75 Bath Model at Brookshire Village Apartments starting at $1,445 with a $1.28 price per square foot in the West Central Billings neighborhood. Here is today’s list of the best values for Melstone apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Farmstead TownhomesElk Horn3BR,2.5BA$1.26
Brookshire Village Apartments2 Bed/1.75 Bath2BR,2BA$1.28
Rocky Meadows ApartmentsB12BR,2BA$1.36
Rimrock West ApartmentsB12BR,1.5BA$1.34
Olympic Village ApartmentsB2R2BR,1BA$1.44
Highlands Apartments2 Bed | 1 Bath A2BR,1BA$1.40
Harvest Granger Apartments2 Bedroom / 1 Bath - 1st Floor2BR,1BA$1.51
Rockvue Lofts2 bed 1 bath2BR,1BA$1.12
1141 28th St2 Beds2BR,1BA$1.44
The Place at Rimrock1 Bedroom1BR,1BA$1.30

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Melstone Apartments

What is the Cheapest Studio apartment in Melstone?

Currently the most affordable Cheap Studio Apartment in Melstone is at Farmstead Apartments listed at $1,450.

How much is rent for a Cheap One Bedroom Melstone Apartment?

The lowest price for a Cheap One Bedroom Melstone Apartment is $595 at The Place at North 24th.

What is the lowest price for a Cheap Two Bedroom Melstone Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Melstone is starting from $865 at Rockvue Lofts.

What is the most affordable Melstone Three Bedroom Apartment?

The best deal on a cheap Melstone Three Bedroom Apartment rental is at The Place at Rimrock and starts from $1,195.

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

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.