$730
Total Monthly Price12 Month Lease Term
Total Monthly Price
Base Rent
$730
Total Monthly Price
$730
1 Bedroom, 1 Bath Townhome for Rent
Available Now
318 S 3rd St
MilanMN56262
Cheap Homes for Rent in Montevideo, MN from $700 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Montevideo.
318 S 3rd St
MilanMN56262
316 S 3rd St
MilanMN56262
626 4th St SE, Unit #1 - Lower
626 4th St SE
WillmarMN56201
313 5th St S
Grove CityMN56243
512 Maple Ln
Grove CityMN56243
401 E Thomas Ave, Unit 3
401 E Thomas Ave
MarshallMN56258
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.
1100 Elizabeth Ave SE
WillmarMN56201
414 15th St SW
WillmarMN56201
710 18th St S
BensonMN56215
513 Elm Ave, Unit 104
513 Elm Ave
BrookingsSD57006
811 7th St, Unit 2
811 7th St
BrookingsSD57006
708 18th St S
BensonMN56215
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.
Showing Results 1-12, Page 1 of 1
Montevideo, MN Local Guide
Sunflower Landscape by Justin Meissen is licensed under CC BY 2.0
How much does it cost to rent a home in Montevideo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Montevideo 2 Bedroom Homes for Rent | $1,186 | $795 | $1,425 |
| Montevideo 3 Bedroom Homes for Rent | $1,764 | $1,200 | $2,500 |
| Montevideo 4 Bedroom Homes for Rent | $2,390 | $1,500 | $4,000 |
| Montevideo 5 Bedroom Homes for Rent | $2,850 | $1,900 | $3,800 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Montevideo
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Montevideo, MN Local Guide
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Cheapest Available Montevideo Apartments for Rent and Nearby
The cheapest available apartment rental in Montevideo, MN is a 1 Bed unit found at 512 Vernon Ave priced from $595. Beardsley Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here is today’s list of the most affordable Montevideo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 512 Vernon Ave | One Bedroom | 1BR,1BA | $595 |
| Beardsley Apartments | One Bedroom | 1BR,1BA | $600 |
| Wildwood Apartments | 1BR/1.0BA | 1BR,1BA | $715 |
| Bethel On Bryant | Renville - 1/1 | 1BR,1BA | $745 |
| Suite Liv'N - Willmar | Studio 1 Bath | Studio,1BA | $745 |
Best Value Apartments for Rent in Montevideo, MN and Nearby
As of June 09, 2026 the best value apartment in the Montevideo area is the $1.10 price per square foot Three Bedroom - Somerset Model at Somerset Properties in the starting from $1,350. The second greatest value Montevideo apartment is the 2 Beds, 1 bath Model at Parkview Apartments starting at $815 with a $0.80 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. |
|---|---|---|---|
| Somerset Properties | Three Bedroom - Somerset | 3BR,2BA | $1.10 |
| Parkview Apartments | 2 Beds, 1 bath | 2BR,1BA | $0.80 |
| Beardsley Apartments | One Bedroom | 1BR,1BA | $0.67 |
| Runestone Grand Apartments | 2 Bedroom | 2BR,1BA | $1.07 |
| Red Skye Lofts | 2 Bedroom | 2BR,1BA | $1.12 |
| Downtown Estates | 1 Bed, 1 bath | 1BR,1BA | $0.99 |
| 512 Vernon Ave | Two Bedroom | 2BR,1BA | $0.87 |
| Bethel On Bryant | Renville - 1/1 | 1BR,1BA | $0.96 |
| Cardinal Manor Apartments | One Bedroom - Handicap Accessible | 1BR,1BA | $1.22 |
| 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 Article
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.
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.
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Best Local Schools in Montevideo, MN
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Montevideo, MN
Frequently Asked Questions about Montevideo
What type of rentals are currently available in Montevideo?
There are currently 90 Apartments for Rent in Montevideo, MN with pricing that ranges from $595 to $1,960. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Montevideo ranging from $730 to $4,000.
What is the current price range for Rental Homes in Montevideo?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Montevideo ranges from $730 to $4,000 with an average monthly rent of $1,808.
How much are larger Three and Four Bedroom Rentals in Montevideo?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Montevideo range from $1,150 to $1,960, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $1,350.
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
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.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.