Cheap Homes for Rent in Montgomery County, VA from $500 (10 Rentals)

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

property at 202 Huntington Ln

$850

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

4 Bedroom, 3.5 Bath Townhome for Rent

Available Aug 1

202 Huntington Ln

BlacksburgVA24060
property at 202 Bennett St

$860

Total Monthly Price

Total Monthly Price

Base Rent
$860

Total Monthly Price
$860

1 Bedroom, 1 Bath Home for Rent

Available Now

202 Bennett St

BlacksburgVA24060
property at 905 Lusters Gate Rd

$1,075

Total Monthly Price

Total Monthly Price

Base Rent
$1,075

Total Monthly Price
$1,075

3 Bedroom, 1.5 Bath Home for Rent

Available Now

905 Lusters Gate Rd

BlacksburgVA24060
property at 6355 Quartz Ln

$1,100

Total Monthly Price7 Month Lease Term

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

6355 Quartz Ln

BlacksburgVA24060

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.

property at 920 Rocky Acres Ln

$1,175

Total Monthly Price

Total Monthly Price

Base Rent
$1,175

Total Monthly Price
$1,175

1 Bedroom, 1 Bath Home for Rent

Available Aug 8

920 Rocky Acres Ln

BlacksburgVA24060
property at 912 Rocky Acres Ln

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available Aug 26

912 Rocky Acres Ln

BlacksburgVA24060
property at 818 Rocky Acres Ln

$1,225

Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$1,225

Total Monthly Price
$1,225

2 Bedroom, 1 Bath Home for Rent

Available Aug 8

818 Rocky Acres Ln

BlacksburgVA24060
property at 811 Rocky Acres Ln

$1,225

Total Monthly Price

Total Monthly Price

Base Rent
$1,225

Total Monthly Price
$1,225

2 Bedroom, 1 Bath Home for Rent

Available Aug 15

811 Rocky Acres Ln

BlacksburgVA24060
property at 7 Park St

$1,250

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

1 Bedroom, 1 Bath Home for Rent

Available Jul 26

7 Park St

ChristiansburgVA24073

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.

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 ListingModel NameBed/BathPriced From
1711 ApartmentsAvailable Now - Spacious 4 Bedroom 2 Bathroom A...4BR,2BA$485
203-209 Tee StreetTee Street Apartments | Individual Lease | 08/1...3BR,2BA$565
709/711 Giles709-711 Giles Road - Individual Lease3BR,2BA$670

Best Value Apartments for Rent in Montgomery County, VA

As of March 10, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Haven - BlacksburgD1 - 4 Bed x 4.5 Baths4BR,4.5BA$0.53
375-395 Skylar Dr3 Story3BR,3.5BA$0.92
Fourteen35 ApartmentsFourteen35 4th Floor | 4 Bed 4 Bath | Available...4BR,4BA$0.68
Brexx at BlacksburgBirchmore 2x2.52BR,2.5BA$1.08
Collegiate Suites of Blacksburg4/2 - Hunters Ridge4BR,2BA$0.86
Fieldstone FamilyBluefield2BR,2BA$1.06
Stonegate and Carlton Scott ApartmentsS2-R2BR,1BA$0.78
203-209 Tee StreetTee Street Apartments | Individual Lease | 08/1...3BR,2BA$0.67
Maple Ridge Townhomes2 Bedroom Luxury2BR,1.5BA$1.25
East Roanoke Street3-Bedroom3BR,1BA$1.03

Frequently Asked Questions about Montgomery County

What type of rentals are currently available in Montgomery County?

There are currently 210 Apartments for Rent in Montgomery County, VA with pricing that ranges from $485 to $4,165. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Montgomery County ranging from $550 to $3,800.

What is the current price range for Rental Homes in Montgomery County?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Montgomery County ranges from $550 to $3,800 with an average monthly rent of $2,002.

How much are larger Three and Four Bedroom Rentals in Montgomery County?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Montgomery County range from $565 to $3,797, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,075 to $2,910. Four Bedroom Single-Family rentals are also available starting from $850 and Four Bedroom Apartments start at $485.

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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.