
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.


Total Monthly Price
1005 Montgomery St, Unit A

709/711 Giles

300 McDonald Street Apartments

Ridgeview Apartments

Chasewood Apartments

Hearthstone

Lantern Ridge 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.

Hub Blacksburg

2016 Kyles Wy

210 Roanoke St

The Mill at Blacksburg

Shawnee Apartments

Apartment Heights

Fieldstone Family

Hunting Hills Apartments
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.

Forest Hills at Belview

Sundance Ridge

Overlook Apartments

Jefferson Apartments

208 Wharton St

Grissom Lane Apartments

1720 Patrick Henry Dr

10 SW 1st St
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.

Linden Green

Huckleberry Court

Henley Place

Hillside Apartments

1310 N Main St

Willow Creek Blacksburg

Terpence Apartments

1017 Montgomery St
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.
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 | $1,501 | $795 | $2,187 |
| Montgomery County 1 Bedroom Apartments | $1,468 | $900 | $2,057 |
| Montgomery County 2 Bedroom Apartments | $1,385 | $810 | $2,521 |
| Montgomery County 3 Bedroom Apartments | $1,551 | $565 | $3,874 |
| Montgomery County 4 Bedroom Apartments | $1,436 | $485 | $4,140 |
Browse Apartments in Montgomery County
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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 |
| 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 |
| Apartment Heights | 2 Bedrooms Apt | 2BR,1BA | $1,140 |
Best Value Apartments for Rent in Montgomery County, VA
As of February 18, 2026 the best value apartment in the Montgomery County area is the $0.53 price per square foot D1 - 4 Bed x 4.5 Baths Model at Haven - Blacksburg in the in the Downtown Blacksburg neighborhood starting from $1,090. The second greatest value Montgomery County apartment is the 3 Story Model at 375-395 Skylar Dr starting at $1,700 with a $0.92 price per square foot . 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. |
|---|---|---|---|
| Haven - Blacksburg | D1 - 4 Bed x 4.5 Baths | 4BR,4.5BA | $0.53 |
| 375-395 Skylar Dr | 3 Story | 3BR,3.5BA | $0.92 |
| Fourteen35 Apartments | Fourteen35 4th Floor | 4 Bed 4 Bath | Available... | 4BR,4BA | $0.68 |
| Brexx at Blacksburg | Birchmore 2x2.5 | 2BR,2.5BA | $1.08 |
| 1005 Montgomery St, Unit A | 1005 Montgomery St | 3BR,1BA | $0.54 |
| Collegiate Suites of Blacksburg | 4/2 - Hunters Ridge | 4BR,2BA | $0.86 |
| Fieldstone Family | Bluefield | 2BR,2BA | $1.06 |
| Stonegate and Carlton Scott Apartments | S2-R | 2BR,1BA | $0.73 |
| 203-209 Tee Street | Tee Street Apartments | Individual Lease | 08/1... | 3BR,2BA | $0.67 |
| East Roanoke Street | 3-Bedroom | 3BR,1BA | $1.03 |
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 $4,350.
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 107 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 $1,134 which is $3,216 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

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.