
Cheap Apartments for Rent in Montgomery County, VA from $400 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in Montgomery County.


2495 Buckshot Ln, Unit 2497

1213 University Terrace

2495 Buckshot Ln, Unit 2497

709/711 Giles

300 McDonald Street Apartments

Ridgeview Apartments

Chasewood Apartments
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.

Hearthstone

1850 Akers St SW

Lantern Ridge Apartments

Total Monthly Price
Hub Blacksburg

Shawnee Apartments

Total Monthly Price
Apartment Heights

Fieldstone Family

Hunting Hills Apartments
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.

Forest Hills at Belview

Sundance Ridge

Jefferson Apartments

208 Wharton St

Grissom Lane Apartments

1720 Patrick Henry Dr

10 SW 1st St

Linden Green
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Overlook Apartments

Huckleberry Court

Henley Place

Hillside Apartments

1310 N Main St

Willow Creek Blacksburg

Terpence Apartments

1017 Montgomery St
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.
Montgomery County, VA Local Guide

How much does it cost to rent an apartment in Montgomery County?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Montgomery County Studio Apartments | $1,285 | $795 | $2,080 |
| Montgomery County 1 Bedroom Apartments | $1,415 | $900 | $2,130 |
| Montgomery County 2 Bedroom Apartments | $1,527 | $840 | $2,599 |
| Montgomery County 3 Bedroom Apartments | $1,869 | $565 | $3,500 |
| Montgomery County 4 Bedroom Apartments | $1,501 | $485 | $4,165 |
Browse Apartments in Montgomery County
See all Apartments in MontgomeryExplore Montgomery County
Cheapest Available Montgomery County Apartments for Rent
 The cheapest available apartment rental in Montgomery County, VA is a 4 Beds unit found at 1711 Apartments in the Downtown Blacksburg neighborhood priced from $485. 203-209 Tee Street in the Downtown Blacksburg neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $565. Here is today’s list of the most affordable Montgomery County apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1711 Apartments | Available Now - Spacious 4 Bedroom 2 Bathroom A... | 4BR,2BA | $485 |
| 203-209 Tee Street | Tee Street Apartments | Individual Lease | 08/1... | 3BR,2BA | $565 |
| 709/711 Giles | 709-711 Giles Road - Individual Lease | 3BR,2BA | $670 |
| Ridgeview Apartments | 0BR/1.0BA | Studio,1BA | $795 |
| 300 McDonald Street Apartments | 300 McDonald Street Apartments | Individual Lea... | 2BR,1BA | $840 |
| Hearthstone | 120 E Hearthstone | 1BR,1BA | $900 |
| Lantern Ridge Apartments | One Bedroom Units | 1BR,1BA | $1,024 |
| Chasewood Apartments | 1BR | 1BR,1BA | $1,080 |
| Fieldstone Family | Bluefield | 2BR,2BA | $1,131 |
| Brexx at Blacksburg | Milledge 4x4.5 | 4BR,4BA | $1,159 |
Best Value Apartments for Rent in Montgomery County, VA
As of May 20, 2026 the best value apartment in the Montgomery County area is the $0.84 price per square foot 4 Bedroom, 4 Bathroom Model at 1007 Chateau St Blacksburg in the in the Downtown Blacksburg neighborhood starting from $3,175. The second greatest value Montgomery County apartment is the Thornberry 4x4 Model at Brexx at Blacksburg starting at $1,129 with a $0.67 price per square foot in the Downtown Blacksburg neighborhood. Here is today’s list of the best values for Montgomery County apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1007 Chateau St Blacksburg | 4 Bedroom, 4 Bathroom | 4BR,4BA | $0.84 |
| Brexx at Blacksburg | Thornberry 4x4 | 4BR,4BA | $0.67 |
| Union Blacksburg | THD4 Furnished | 4BR,4BA | $0.73 |
| Cedarfield Apartments | 3 Bedroom Townhome | 3BR,2.5BA | $1.31 |
| Fourteen35 Apartments | Fourteen35 4th Floor | 4 Bed 4 Bath | Available... | 4BR,4BA | $0.68 |
| 1711 Apartments | Available Now - Renovated Apartment with a Wash... | 4BR,2BA | $0.48 |
| Terrace View | 3Ax1.5 T2 | 3BR,1.5BA | $0.77 |
| Ridgewood Village | 3A | 3BR,1BA | $1.37 |
| Fieldstone Family | Bluefield | 2BR,2BA | $1.06 |
| 203-209 Tee Street | Tee Street Apartments | Individual Lease | 08/1... | 3BR,2BA | $0.67 |
Frequently Asked Questions about Cheap Montgomery County Apartments
What is the price of a cheap apartment in Montgomery County?
The cheapest apartment in Montgomery County is Hearthstone which is listed at $900, while the average apartment in Montgomery County costs $1,795.
What types of apartments are the cheapest in Montgomery County?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 32 regular apartments in Montgomery County that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Montgomery County?
Cheap apartments in Montgomery County have an average cost of $1,016 which is $779 cheaper than the average rent for all rentals in Montgomery County.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.