Cheap Homes for Rent in Montezuma, IN from $500 (11 Rentals)

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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.

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.

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
Brunswick ApartmentsStudioStudio,1BA$625
Highland Terrace1 Bed 1 Bath1BR,1BA$675

Best Value Apartments for Rent in Montezuma, IN and Nearby

As of October 15, 2025 the best value apartment in the Montezuma area is the $0.94 price per square foot nothing available at this time Model at Cloverdale Heights in the starting from $900. The second greatest value Montezuma apartment is the 2 Bedroom 2 Bath Model at River Valley Apartments starting at $1,034 with a $1.11 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.
Cloverdale Heightsnothing available at this time2BR,1.5BA$0.94
River Valley Apartments2 Bedroom 2 Bath2BR,2BA$1.11
202 E Crockett2 Bedroom2BR,1BA$1.05
ANTHONY SQUARE SENIOR LIVING2 Bed 1 Bath2BR,1BA$0.94
Historic Walnut SquareTwo Bedroom2BR,1BA$0.51
Springhill Apartments2 Bedroom2BR,1BA$0.98
Ashton Apartments1BR/1.5BA1BR,1.5BA$1.09
Willow CrossingsPhase I - Luxury 1 Bed 1 Bath1BR,1BA$1.16
Riverside Apartments2 Bedroom2BR,1BA$1.07
Union Pointe1 Bedroom1BR,2BA$0.92

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

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Frequently Asked Questions about Montezuma

What type of rentals are currently available in Montezuma?

There are currently 43 Apartments for Rent in Montezuma, IN with pricing that ranges from $351 to $3,108. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Montezuma ranging from $500 to $2,200.

What is the current price range for Rental Homes in Montezuma?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Montezuma ranges from $500 to $2,200 with an average monthly rent of $1,109.

How much are larger Three and Four Bedroom Rentals in Montezuma?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Montezuma range from $938 to $3,108, while Three Bedroom Homes, Condos, and Townhomes for rent range from $500 to $1,500. Four Bedroom Single-Family rentals are also available starting from $1,250 and Four Bedroom Apartments start at $1,200.

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.