Cheap Homes for Rent in Montgomery County, VA from $500 (17 Rentals)

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

property at 1205 S Main St

$550

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$550

Total Monthly Price
$550

1 Bedroom, 1 Bath Home for Rent

Available May 1

1205 S Main St

BlacksburgVA24060
property at 411 Laurence Ln

$625

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$625

Total Monthly Price
$625

1 Bedroom, 2.5 Bath Townhome for Rent

Available Jun 1

411 Laurence Ln

BlacksburgVA24060

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.

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 204 Broce Dr

$1,175

Total Monthly Price

Total Monthly Price

Base Rent
$1,175

Total Monthly Price
$1,175

2 Bedroom, 1 Bath Home for Rent

Available Jul 28

204 Broce Dr

BlacksburgVA24060
property at 722 Park St

$1,190

Total Monthly Price

Total Monthly Price

Base Rent
$1,190

Total Monthly Price
$1,190

2 Bedroom, 2.5 Bath Townhome for Rent

Available Jun 1

722 Park St

ChristiansburgVA24073

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 2625 Glade Dr SE

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

2 Bedroom, 1 Bath Home for Rent

Available Jul 31

2625 Glade Dr SE

ChristiansburgVA24073
property at 909 Montgomery St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Condo for Rent

Available Jul 27

909 Montgomery St

BlacksburgVA24060
property at 311 Loudon Rd

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

2 Bedroom, 1 Bath Condo for Rent

Available Aug 1

311 Loudon Rd

BlacksburgVA24060
property at 195 Clearview Dr

$1,300

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

2 Bedroom, 1 Bath Home for Rent

Available May 20

195 Clearview Dr

ChristiansburgVA24073
property at 1800 Whipple Dr

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

2 Bedroom, 1 Bath Home for Rent

Available May 1

1800 Whipple Dr

BlacksburgVA24060

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.

property at 1510 Cedar St

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

3 Bedroom, 2.5 Bath Home for Rent

Available May 22

1510 Cedar St

ChristiansburgVA24073
property at 115 Lucas St NE

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

3 Bedroom, 1 Bath Home for Rent

Available May 19, 2027

115 Lucas St NE

ChristiansburgVA24073

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
300 McDonald Street Apartments300 McDonald Street Apartments | Individual Lea...2BR,1BA$840
Hearthstone120 E Hearthstone1BR,1BA$900

Best Value Apartments for Rent in Montgomery County, VA

As of April 24, 2026 the best value apartment in the Montgomery County area is the $1.09 price per square foot 160 Hamilton Model at 160 Hamilton Ave NW in the in the Farmview/Ramble neighborhood starting from $2,350. The second greatest value Montgomery County apartment is the 3-bedroom Model at Kensington Townhomes starting at $1,799 with a $1.13 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.
160 Hamilton Ave NW160 Hamilton3BR,3.5BA$1.09
Kensington Townhomes3-bedroom3BR,2BA$1.13
The FlatsThe Flats At Uptown 3 Bedroom Condo *Short-Term...3BR,2BA$1.37
Fourteen35 ApartmentsFourteen35 4th Floor | 4 Bed 4 Bath | Available...4BR,4BA$0.68
Brexx at BlacksburgBirchmore 2x2.52BR,2.5BA$1.08
1711 ApartmentsAvailable Now - Renovated Apartment with a Wash...4BR,2BA$0.48
Ridgeview Apartments3BR/1.0BA3BR,1BA$1.18
Fieldstone FamilyBluefield2BR,2BA$1.06
203-209 Tee StreetTee Street Apartments | Individual Lease | 08/1...3BR,2BA$0.67
Maple Ridge Townhomes2 Bedroom Luxury2BR,1.5BA$1.27

Frequently Asked Questions about Montgomery County

What type of rentals are currently available in Montgomery County?

There are currently 208 Apartments for Rent in Montgomery County, VA with pricing that ranges from $485 to $4,165. There are also 138 Single Family Homes for rent, Condos, and Townhome rentals currently available in Montgomery County ranging from $550 to $4,350.

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 $4,350 with an average monthly rent of $2,029.

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 $3,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $3,250. 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

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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.

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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.

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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.

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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.