Cheap Apartments for Rent in Montgomery County, IA from $550 (8 Rentals)

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

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811 N 6th St
2 Bedroom Apartments

811 N 6th St

811 N 6th StRed Oak, IA 51566
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210 E Grimes St
2 Bedroom Apartments

210 E Grimes St

210 E Grimes StRed Oak, IA 51566

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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2401 N 8th St
1 Bedroom Apartments

2401 N 8th St

2401 N 8th StRed Oak, IA 51566
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1917 Lofts
1 to 3 Bedroom Apartments

1917 Lofts

308 E Corning StRed Oak, IA 51566
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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.

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Best Value Apartments for Rent in Montgomery County, IA

As of September 28, 2026 the best value apartment in the Montgomery County area is the $1.02 price per square foot 2 Bedroom Model at Red Oak 48-Unit (City View Apartments) starting from $795. The second greatest value Montgomery County apartment is the 2 Bed 1 Bath Model at Luma Terrace Apartment starting at $800 with a $1.07 price per square foot. Here is today’s list of the best values for Montgomery County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Red Oak 48-Unit (City View Apartments)2 Bedroom2BR, 1BA$1.02
Luma Terrace Apartment2 Bed 1 Bath2BR, 1BA$1.07

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

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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.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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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.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

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.