
Cheap Apartments for Rent in the Downtown Missoula Neighborhood of Missoula, MT from $300 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Missoula area of Missoula.


North Russell Apartments

1308-1310-1310 S 5th St W

917 Charlo St

Spruce Street Apartments

Kiwanis Park Apartments
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.

The Equinox

425 N 5th St W

527 Eddy Ave

Park Place Flats

740 Turner St

Creekside Apartments
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.

Verde Condos

Chapman Crossing

The Hogan

Alder Apartments

Summit View Square

Quinton Apartments
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.

Midtown Apartments

Wolf Glen Apartments

1845 S 9th St W

1505 Sherwood St

Cedar Villas Apartments

951 Ronald Ave
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.

1024 Stephens Ave
Downtown Missoula, Missoula, MT Local Guide

How much does it cost to rent an apartment in Downtown Missoula?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Missoula Studio Apartments | $1,140 | $995 | $1,325 |
| Downtown Missoula 1 Bedroom Apartments | $1,486 | $1,195 | $3,000 |
| Downtown Missoula 2 Bedroom Apartments | $1,573 | $1,130 | $1,875 |
| Downtown Missoula 3 Bedroom Apartments | $3,135 | $3,135 | $3,135 |
| Downtown Missoula 4 Bedroom Apartments | $1,756 | $785 | $4,546 |
Browse Apartments in this Neighborhood
There are currently 25 rentals with your search options within a 2 mile radius of the Downtown Missoula Neighborhood of Missoula, MT.
See all Apartments in MissoulaExplore Missoula
Downtown Missoula, Missoula, MT Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| North Russell Apartments | Studio, 1 bath | Studio,1BA | $1,100 |
| Midtown Apartments | M2bd | 2BR,1BA | $1,195 |
| Kiwanis Park Apartments | 1BR/1.0BA | 1BR,1BA | $1,295 |
| Quinton Apartments | M2bd | 2BR,1BA | $1,450 |
| 825 Charlo St | 2 Beds, 1 Baths | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| ROAM Student Living | The Flathead | 4BR,4BA | $0.73 |
| Midtown Apartments | M2bd | 2BR,1BA | $1.23 |
| TOO812 | 1BR/1.0BA | 1BR,1BA | $1.76 |
| Quinton Apartments | M2bd | 2BR,1BA | $1.61 |
| 1333 Toole Ave | 2 Beds, 2 Baths | 2BR,2BA | $1.75 |
| Riverbend Apartments | 2B / 1B - 1st FL | 2BR,1BA | $1.80 |
| 825 Charlo St | 2 Beds, 1 Baths | 2BR,1BA | $1.84 |
| Corso Apartment Homes | 1BR x 1BA - Flathead | 1BR,1BA | $2.36 |
| North Russell Apartments | Studio, 1 bath | Studio ,1BA | $2.00 |
| Kiwanis Park Apartments | 1BR/1.0BA | 1BR,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.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleDowntown Missoula, Missoula, MT
Ranked #3
Among cities in Montana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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

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.

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.

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.

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.