Cheap Homes for Rent in Downtown Missoula Neighborhood of Missoula, MT from $400 (15 Rentals)

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

property at 1332 River St

1332 River St

MissoulaMT59801

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 1831 S 5th St W

1831 S 5th St W

MissoulaMT59801

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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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 1500 Stoddard priced from $1,100. North Russell Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,150. Here are the most affordable Downtown Missoula apartments for rent in Missoula, MT:

Apartment ListingModel NameBed/BathPriced From
1500 StoddardStudioStudio,1BA$1,100
North Russell ApartmentsStudio, 1 bathStudio,1BA$1,150
Riverbend Apartments1BR/1.0BA1BR,1BA$1,220
Quinton ApartmentsM2bd2BR,1BA$1,250
Chapman CrossingM2bd2BR,1BA$1,275

Best Value Apartments for Rent in Downtown Missoula, MT

As of May 12, 2025 the best value apartment in the Downtown Missoula area is the $1.70 price per square foot 2x1 C Model at Mountainwood Estates in the in the Grant Creek neighborhood starting from $2,375. The second greatest value Downtown Missoula apartment is the Bitterroot Model at Mullan Reserve Apartments starting at $1,825 with a $1.72 price per square foot in the Westside 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 Estates2x1 C2BR,1BA$1.70
Mullan Reserve ApartmentsBitterroot2BR,2BA$1.72
Missoula Lofts2x22BR,2BA$1.92
The Vantage 2370 Clark Fork LnM2BD2BR2BR,2BA$1.98
Quinton ApartmentsM2bd2BR,1BA$1.39
Chapman CrossingM2bd2BR,1BA$1.52
503 Woodford St, Unit 1503 Woodford St2BR,1BA$1.63
112 Turner Ct, Unit Turner Court112 Turner CtStudio ,1BA$1.19
Riverbend Apartments1BR/1.0BA1BR,1BA$1.82
North Russell ApartmentsStudio, 1 bathStudio ,1BA$2.09

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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Frequently Asked Questions about Downtown Missoula

What type of rentals are currently available in Downtown Missoula?

There are currently 122 Apartments for Rent in Downtown Missoula, MT with pricing that ranges from $810 to $4,603. There are also 25 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Missoula ranging from $425 to $3,300.

What is the current price range for Rental Homes in Downtown Missoula?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Missoula ranges from $425 to $3,300 with an average monthly rent of $1,938.

How much are larger Three and Four Bedroom Rentals in Downtown Missoula?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Missoula range from $1,650 to $2,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,595 to $3,300. Four Bedroom Single-Family rentals are also available starting from $2,995 and Four Bedroom Apartments start at $810.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.