Cheap Apartments for Rent in the Downtown Missoula Neighborhood of Missoula, MT from $388 (38 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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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

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

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Creekside Apartments
Studio to 3 Bedroom Apartments

Creekside Apartments

1405 E Broadway StMissoula, MT 59802
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Verde Condos
1 to 2 Bedroom Apartments

Verde Condos

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

Chapman Crossing

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

The Hogan

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

Alder Apartments

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

Summit View Square

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

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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1024 Stephens Ave
2 Bedroom Apartments

1024 Stephens Ave

1024 Stephens AveMissoula, MT 59801
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825 Charlo St
2 Bedroom Apartments

825 Charlo St

825 Charlo StMissoula, MT 59802
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Moose Haus
1 to 3 Bedroom Apartments

Moose Haus

1000 Rollins StMissoula, MT 59801
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TOO812
1 to 2 Bedroom Apartments

TOO812

812 Toole AveMissoula, MT 59802
  • Utilities Included

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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1333 Toole Ave
2 Bedroom Apartments

1333 Toole Ave

1333 Toole AveMissoula, MT 59802
Showing Results 1-38, Page 1 of 1

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 1 Bed apartment currently listed from $1,175. 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 ApartmentsM1bd1BR,1BA$1,175
Riverbend Apartments2BR/1.0BA2BR,1BA$1,395
TOO8121BR/1.0BA1BR,1BA$1,495
SPR7121BR/1.0BA1BR,1BA$1,750
Ashlyn Place ApartmentsB(2x1)2BR,1BA$1,850
Mountainwood Estates1x1.5+den1BR,1BA$2,950

Best Value Apartments for Rent in Downtown Missoula, MT

As of August 24, 2026 the best value apartment in the Downtown Missoula area is the $2.07 price per square foot 1x1.5+den Model at Mountainwood Estates in the in the University District neighborhood starting from $2,950. The second greatest value Downtown Missoula apartment is the The Seeley Model at ROAM Student Living starting at $785 with a $0.83 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.
Mountainwood Estates1x1.5+den1BR,1.5BA$2.07
ROAM Student LivingThe Seeley4BR,2BA$0.83
TOO8121BR/1.0BA1BR,1BA$1.62
SPR7121BR/1.0BA1BR,1BA$1.93
Riverbend Apartments2BR/1.0BA2BR,1BA$1.57
Ashlyn Place ApartmentsB(2x1)2BR,1BA$2.18
Midtown ApartmentsM1bd1BR,1BA$1.78
North Russell ApartmentsStudio, 1 bathStudio ,1BA$2.00

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 #4

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

Pet Friendliness Lifestyle Score

4.0
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 Midtown Apartments which is listed at $1,175, while the average apartment in Downtown Missoula costs $1,395.

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 2 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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.