Cheap Apartments for Rent in Montezuma, IN from $300 (44 Rentals)

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Search the lowest-cost Apartments available for rent right now in Montezuma.

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Montezuma, IN Local Guide

Cheapest Available Montezuma Apartments for Rent and Nearby

 

The cheapest available apartment rental in Montezuma, IN is a 2 Beds unit found at Historic Walnut Square in the Downtown Terre Haute neighborhood priced from $417. River Valley Apartments in the Downtown Terre Haute neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $460. Here is today’s list of the most affordable Montezuma apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Historic Walnut SquareTwo Bedroom2BR,1BA$417
River Valley Apartments2 Bedroom 2 Bath2BR,2BA$460
Lakewood ApartmentsStudioStudio,1BA$500
BrookhavenStudioStudio,1BA$525
Union Pointe1 Bedroom1BR,2BA$550
Brunswick ApartmentsStudioStudio,1BA$625
Highland Terrace1 Bed 1 Bath1BR,1BA$675
Winston Terrace1BR/1BA1BR,1BA$725
The Grove1 Bed 1 Bath1BR,1BA$726
Riverside Apartments2 Bedroom2BR,1BA$750

Best Value Apartments for Rent in Montezuma, IN and Nearby

As of September 18, 2025 the best value apartment in the Montezuma area is the $1.21 price per square foot 2 Bed 2 Bath Private Entry Model at Devonshire Village in the starting from $1,450. The second greatest value Montezuma apartment is the Two Bedroom Apartment Model at Heritage Trail starting at $1,240 with a $1.19 price per square foot in the Downtown Terre Haute neighborhood. Here is today’s list of the best values for Montezuma apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Devonshire Village2 Bed 2 Bath Private Entry2BR,2BA$1.21
Heritage TrailTwo Bedroom Apartment2BR,2BA$1.19
River Valley Apartments2 Bedroom 2 Bath2BR,2BA$0.50
202 E Crockett2 Bedroom2BR,1BA$1.05
ANTHONY SQUARE SENIOR LIVING2 Bed 1 Bath2BR,1BA$1.00
Ashton Apartments1BR/1.5BA1BR,1.5BA$1.13
Historic Walnut SquareTwo Bedroom2BR,1BA$0.51
The Grove1 Bed 1 Bath1BR,1BA$0.97
Riverside Apartments2 Bedroom2BR,1BA$1.07
Union Pointe1 Bedroom1BR,2BA$0.92

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Getting Around Montezuma, IN

Walk Score®

10 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

17 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Montezuma Apartments

What is the Cheapest Studio apartment in Montezuma?

Currently the most affordable Cheap Studio Apartment in Montezuma is at Lakewood Apartments listed at $500.

How much is rent for a Cheap One Bedroom Montezuma Apartment?

The lowest price for a Cheap One Bedroom Montezuma Apartment is $550 at Union Pointe.

What is the lowest price for a Cheap Two Bedroom Montezuma Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Montezuma is starting from $417 at Historic Walnut Square.

What is the most affordable Montezuma Three Bedroom Apartment?

The best deal on a cheap Montezuma Three Bedroom Apartment rental is at Historic Walnut Square and starts from $479.

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.

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.