Cheap Apartments for Rent near Montgomery, IN from $425 (41 Rentals)

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

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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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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property at 1520 Main St
$675 - $750
1 To 2 Bedroom Rentals
Available Now

1520 Main St

VincennesIN47591

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Ironton at Shoals
Studio to 2 Bedroom Apartments

Ironton at Shoals

11708 Ironton RdShoals, IN 47581
Senior Living
  • Utilities Included
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115 N Washington St
1 to 3 Bedroom Apartments

115 N Washington St

115 N Washington StBloomington, IN 47404
Student Housing
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West Baden Lofts
2 to 3 Bedroom Apartments

West Baden Lofts

942 N Main StWest Baden Springs, IN 47469
  • Utilities Included

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.

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2511 Q St
1 to 2 Bedroom Apartments

2511 Q St

2511 Q StBedford, IN 47421
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DunnPark Studios
Studio Apartments

DunnPark Studios

115 N Dunn StBloomington, IN 47408

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.

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Showing Results 1-41, Page 1 of 1

Montgomery, IN Local Guide

Cheapest Available Montgomery Apartments for Rent and Nearby

 

The cheapest available apartment rental in Montgomery, IN is a 2 Beds unit found at Cine Senior Apartments priced from $690. Woodland Springs has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable Montgomery apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cine Senior ApartmentsTwo Bedroom2BR, 1BA$690
Woodland Springs1 Bedroom1BR, 1BA$725
Acadia CourtStudioStudio, 1BA$760
Basswood Apartments1 Bedroom 1 Bathroom1BR, 1BA$825
Sunflower Place - Full Unit for RentOne Bed1BR, 1BA$830
Summit PointeWoodland1BR, 1BA$850
Ironton at Shoals2 Beds, 1 Baths2BR, 1BA$850
Union at Crescent1 Bed 1 Bath1BR, 1BA$866
The Uptown ApartmentsBennett1BR, 1BA$950
Wabash Riverfront Flats2BR/1.0BA2BR, 1BA$995

Best Value Apartments for Rent in Montgomery, IN and Nearby

As of September 29, 2026 the best value apartment in the Montgomery area is the $1.16 price per square foot 3 Bedroom Model at Baldwin Heights in the Gibson County neighborhood starting from $1,280. The second greatest value Montgomery apartment is the 3 Bed 1 Bath Model at Big Red Apartments in the Downtown Bloomington IN neighborhood starting at $1,100 with a $1.08 price per square foot. Here is today’s list of the best values for Montgomery apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Baldwin Heights3 Bedroom3BR, 2BA$1.16
Big Red Apartments3 Bed 1 Bath3BR, 1BA$1.08
Kingsley on WalnutThe Rose2BR, 2BA$1.20
Vail Estates ApartmentsTwo Bedroom One Bathroom2BR, 1BA$1.10
The MonroeB22BR, 2BA$1.02
The Quarters BloomingtonB2 - 2x22BR, 2BA$1.25
Ironton at Shoals2 Beds, 1 Baths2BR, 1BA$1.13
Woodland Springs1 Bedroom1BR, 1BA$0.98
Union at Crescent1 Bed 1 Bath1BR, 1BA$1.28
Basswood Apartments1 Bedroom 1 Bathroom1BR, 1BA$1.28

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Montgomery, IN Rentals by Map

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See the most popular apartments and homes in Montgomery, IN

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Frequently Asked Questions about Cheap Montgomery Apartments

What is the Cheapest Studio apartment in Montgomery?

Currently the most affordable Cheap Studio Apartment in Montgomery is at Acadia Court listed at $760.

How much is rent for a Cheap One Bedroom Montgomery Apartment?

The lowest price for a Cheap One Bedroom Montgomery Apartment is $725 at Woodland Springs.

What is the lowest price for a Cheap Two Bedroom Montgomery Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Montgomery is starting from $690 at Cine Senior Apartments.

What is the most affordable Montgomery Three Bedroom Apartment?

The best deal on a cheap Montgomery Three Bedroom Apartment rental is at Woodland Springs and starts from $900.

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.

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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.