Cheap Apartments for Rent in Montezuma, IN from $300 (39 Rentals)

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

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.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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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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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Showing Results 1-39, Page 1 of 1

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. Brookhaven has the second lowest priced unit, which is a Studio apartment currently listed from $525. Here is today’s list of the most affordable Montezuma apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Historic Walnut SquareTwo Bedroom2BR,1BA$417
BrookhavenStudioStudio,1BA$525
Union Pointe1 Bedroom1BR,2BA$550
Arbors at Honey Creek2x22BR,2BA$610
Brunswick ApartmentsStudioStudio,1BA$625
Highland Terrace1 Bed 1 Bath1BR,1BA$675
Springhill Apartments1 Bedroom1BR,1BA$700
Willow CrossingsPhase I - StudioStudio,1BA$715
The Grove1 Bed 1 Bath1BR,1BA$726
The Annex of Terre HauteStudio CStudio,1BA$750

Best Value Apartments for Rent in Montezuma, IN and Nearby

As of June 16, 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 2x2 Model at Arbors at Honey Creek starting at $610 with a $0.57 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
Arbors at Honey Creek2x22BR,2BA$0.57
202 E Crockett2 Bedroom2BR,1BA$1.05
Harrison West2 Bedroom2BR,1BA$0.93
ANTHONY SQUARE SENIOR LIVING2 Bed 1 Bath2BR,1BA$1.00
Historic Walnut SquareTwo Bedroom2BR,1BA$0.51
Ashton Apartments1BR/1.5BA1BR,1.5BA$1.09
The Grove1 Bed 1 Bath1BR,1BA$0.97
Springhill Apartments1 Bedroom1BR,1BA$1.14
Union Pointe1 Bedroom1BR,2BA$0.92

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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Montezuma, IN Rentals by Map

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See the most popular apartments and homes in Montezuma, IN

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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 Brookhaven listed at $525.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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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.

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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.