Cheap Apartments for Rent in the Downtown Missoula Neighborhood of Missoula, MT from $300 (25 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Missoula area of Missoula.

property at 402 S 3rd St W

$995 - $1,195

Studio To 1 Bedroom Rentals

Available Now

402 S 3rd St W

MissoulaMT59801

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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The Equinox
Studio to 2 Bedroom Apartments

The Equinox

1515 Liberty LnMissoula, MT 59808
  • Utilities Included
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Park Place Flats
1 Bedroom Apartments

Park Place Flats

118 W Alder StMissoula, MT 59802
  • Utilities Included
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Creekside Apartments
Studio to 3 Bedroom Apartments

Creekside Apartments

1405 E Broadway StMissoula, MT 59802
  • Utilities Included

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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Verde Condos
1 to 2 Bedroom Apartments

Verde Condos

1010-1012 W Pine StMissoula, MT 59802
  • Utilities Included
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Chapman Crossing
1 to 2 Bedroom Apartments

Chapman Crossing

909 Byron StMissoula, MT 59802
  • Utilities Included
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The Hogan
Studio to 1 Bedroom Apartments

The Hogan

243 S 6th St WMissoula, MT 59801
Senior Living
  • Utilities Included
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Alder Apartments
1 to 3 Bedroom Apartments

Alder Apartments

527 W Alder StMissoula, MT 59802
  • Utilities Included
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Summit View Square
1 to 2 Bedroom Apartments

Summit View Square

1500 S 14th St WMissoula, MT 59801
  • Utilities Included

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.

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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1024 Stephens Ave
2 Bedroom Apartments

1024 Stephens Ave

1024 Stephens AveMissoula, MT 59801

Downtown Missoula, Missoula, MT Local Guide

Cheapest Available Downtown Missoula Apartments for Rent

 

The cheapest available apartment rental in the Downtown Missoula area of Missoula, MT is a Studio unit found at North Russell Apartments priced from $1,100. Midtown Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,195. Here are the most affordable Downtown Missoula apartments for rent in Missoula, MT:

Apartment ListingModel NameBed/BathPriced From
North Russell ApartmentsStudio, 1 bathStudio,1BA$1,100
Midtown ApartmentsM2bd2BR,1BA$1,195
Kiwanis Park Apartments1BR/1.0BA1BR,1BA$1,295
Quinton ApartmentsM2bd2BR,1BA$1,450
825 Charlo St2 Beds, 1 Baths2BR,1BA$1,450

Best Value Apartments for Rent in Downtown Missoula, MT

As of June 26, 2026 the best value apartment in the Downtown Missoula area is the $0.73 price per square foot The Flathead Model at ROAM Student Living in the in the University District neighborhood starting from $845. The second greatest value Downtown Missoula apartment is the M2bd Model at Midtown Apartments starting at $1,195 with a $1.23 price per square foot in the University District neighborhood. Here is today’s list of the best values for Downtown Missoula apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
ROAM Student LivingThe Flathead4BR,4BA$0.73
Midtown ApartmentsM2bd2BR,1BA$1.23
TOO8121BR/1.0BA1BR,1BA$1.76
Quinton ApartmentsM2bd2BR,1BA$1.61
1333 Toole Ave2 Beds, 2 Baths2BR,2BA$1.75
Riverbend Apartments2B / 1B - 1st FL2BR,1BA$1.80
825 Charlo St2 Beds, 1 Baths2BR,1BA$1.84
Corso Apartment Homes1BR x 1BA - Flathead1BR,1BA$2.36
North Russell ApartmentsStudio, 1 bathStudio ,1BA$2.00
Kiwanis Park Apartments1BR/1.0BA1BR,1BA$2.35

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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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Downtown Missoula, Missoula, MT

Ranked #3

Among cities in Montana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Missoula. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for the best proximity to parks and outdoor amenities, luxury amenities, features that make it easier to raise kids, raising pets, transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Downtown Missoula Apartments

What is the price of a cheap apartment in Downtown Missoula?

The cheapest apartment in Downtown Missoula is North Russell Apartments which is listed at $1,195, while the average apartment in Downtown Missoula costs $3,135.

What types of apartments are the cheapest in Downtown Missoula?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 1 regular apartments in Downtown Missoula that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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 Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.