
Cheap Apartments for Rent in Montevideo, MN from $425 (75 Rentals)
Search the lowest-cost Apartments available for rent right now in Montevideo.


Windom

Burnsdale I

Burnsdale II

Wildwood Apartments

N 6th St Duplex

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Building Three Thirty

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512 Vernon Ave

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Beardsley Apartments

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RC Square Apartments
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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Sterling Manor Apartments

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Suite Liv'N - Willmar

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Westfield Apartments

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Nature's Edge Apartments

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Suite Liv'n - Marshall

104 W Main St

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Downtown Estates

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Suite Livn Suites

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Circle Pines Apartments

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Runestone Grand Apartments
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.

232 Fremont St S

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506 Flats Apartments

1100 Elizabeth Ave SE

310 Hidden Acres Dr NW

312 Hidden Acres Dr NW

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Red Skye Lofts

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Henry Hill Apartments

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Nexus Apartments

2426 4th Ave SE, Unit 2426

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Edgeview Apartments
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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East Point Village Apartments

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The Preserve on 24th

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Valleyside Townhomes

Clara City Community Haus

Clinton Community Housing

Lyon County Apartments

806 W 5th St

River Ridge Apartments

Morning Sun Apartments

Southview 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.

Erickson Meadowview Apartments

Grove Heights Townhomes

Lake Place II

Scotland Green Apartments

Woodland Park - Ivanhoe

Home Rite Apartments

North Villa Apartments

Spicer B Apartments

Bethel On Bryant

Westmar 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.
Montevideo, MN Local Guide

How much does it cost to rent an apartment in Montevideo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Montevideo Studio Apartments | $867 | $425 | $1,065 |
| Montevideo 1 Bedroom Apartments | $1,108 | $595 | $1,595 |
| Montevideo 2 Bedroom Apartments | $1,358 | $625 | $1,694 |
| Montevideo 3 Bedroom Apartments | $1,613 | $1,150 | $1,895 |
| Montevideo 4 Bedroom Apartments | $1,902 | $1,350 | $1,995 |
Browse Top Apartments in Montevideo
See all Apartments in MontevideoExplore Montevideo
Montevideo, MN Local Guide
- Nearby Cities
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Cheapest Available Montevideo Apartments for Rent and Nearby
 The cheapest available apartment rental in Montevideo, MN is a Studio unit found at Building Three Thirty priced from $425. 512 Vernon Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $595. Here is today’s list of the most affordable Montevideo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Building Three Thirty | Small Studio | Studio,1BA | $425 |
| 512 Vernon Ave | One Bedroom | 1BR,1BA | $595 |
| Beardsley Apartments | Two Bedroom | 2BR,1BA | $700 |
| Wildwood Apartments | 1BR/1.0BA | 1BR,1BA | $725 |
| Suite Liv'N - Willmar | Studio 1 Bath | Studio,1BA | $745 |
| Bethel On Bryant | Renville - 1/1 | 1BR,1BA | $745 |
| Westfield Apartments | 1 bedroom | 1BR,1BA | $768 |
| Cardinal Manor Apartments | One Bedroom - Handicap Accessible | 1BR,1BA | $775 |
| Suite Liv'n - Marshall | One Bedroom | 1BR,1BA | $775 |
| Downtown Estates | 1 Bed, 1 bath | 1BR,1BA | $795 |
Best Value Apartments for Rent in Montevideo, MN and Nearby
As of September 13, 2026 the best value apartment in the Montevideo area is the $0.73 price per square foot Two Bedroom Model at Paris Park Townhomes in the in the Downtown Marshall neighborhood starting from $1,180. The second greatest value Montevideo apartment is the One Bedroom Model at Beardsley Apartments starting at $600 with a $0.67 price per square foot . Here is today’s list of the best values for Montevideo apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Paris Park Townhomes | Two Bedroom | 2BR,1.5BA | $0.73 |
| Beardsley Apartments | One Bedroom | 1BR,1BA | $0.67 |
| Runestone Grand Apartments | 2 Bedroom | 2BR,1BA | $1.07 |
| Suite Livn Suites | Suite | 2BR,1BA | $0.94 |
| Sterling Manor Apartments | Large 1 Bedroom | 1BR,1BA | $1.27 |
| 512 Vernon Ave | Two Bedroom | 2BR,1BA | $0.87 |
| Downtown Estates | 1 Bed, 1 bath | 1BR,1BA | $0.99 |
| Lamplighter Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.30 |
| Cardinal Manor Apartments | One Bedroom | 1BR,1BA | $1.24 |
| Westfield Apartments | 1 bedroom | 1BR,1BA | $1.23 |
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 ArticleNavigating 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.
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.
Best Local Schools in Montevideo, MN
Ramsey Elementary School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Montevideo, MN Rentals by Map
See the most popular apartments and homes in Montevideo, MN
Frequently Asked Questions about Cheap Montevideo Apartments
What is the Cheapest Studio apartment in Montevideo?
Currently the most affordable Cheap Studio Apartment in Montevideo is at Building Three Thirty listed at $425.
How much is rent for a Cheap One Bedroom Montevideo Apartment?
The lowest price for a Cheap One Bedroom Montevideo Apartment is $595 at 512 Vernon Ave.
What is the lowest price for a Cheap Two Bedroom Montevideo Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Montevideo is starting from $695 at 512 Vernon Ave.
What is the most affordable Montevideo Three Bedroom Apartment?
The best deal on a cheap Montevideo Three Bedroom Apartment rental is at Suite Liv'N - Willmar and starts from $1,150.
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

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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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.

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.