Cheap Apartments for Rent in Montgomery, IN from $300 (26 Rentals)

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

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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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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115 N Washington St
1 to 3 Bedroom Apartments

115 N Washington St

115 N Washington StBloomington, IN 47404
Student Housing

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.

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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
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2511 Q St
1 to 2 Bedroom Apartments

2511 Q St

2511 Q StBedford, IN 47421

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.

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Showing Results 1-26, 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 Studio unit found at Cine Senior Apartments priced from $425. Ironton at Shoals has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Montgomery apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cine Senior ApartmentsEfficiencyStudio,1BA$425
Ironton at Shoals1 Beds, 1 Baths1BR,1BA$650
Acadia CourtStudioStudio,1BA$760
Woodland Springs1 Bedroom1BR,1BA$825
College Square ApartmentsThe Walnut1BR,1BA$852
The Uptown ApartmentsHoliday1BR,1BA$905
Summit PointeWoodland1BR,1BA$950
The Annex of BloomingtonStudio WF-120Studio,1BA$980
The Gardens1 bed 1 bath1BR,1BA$985
Wabash Riverfront Flats2BR/1.0BA2BR,1BA$995

Best Value Apartments for Rent in Montgomery, IN and Nearby

As of April 14, 2026 the best value apartment in the Montgomery area is the $0.82 price per square foot 3x3 Balcony - Classic Model at The Park on Morton in the in the Downtown Bloomington IN neighborhood starting from $1,054. The second greatest value Montgomery apartment is the A4 - 4x4 Model at The Quarters Bloomington starting at $785 with a $0.63 price per square foot in the Downtown Bloomington IN neighborhood. 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.
The Park on Morton3x3 Balcony - Classic3BR,3BA$0.82
The Quarters BloomingtonA4 - 4x44BR,4BA$0.63
The EllisThe Ellis - 3 Bed/3 Bath - Per Bed Pricing! - L...3BR,3BA$1.04
Woodland Springs3 Bedroom3BR,1BA$1.19
Baldwin Heights2 Bedroom2BR,1BA$1.18
Vail Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.09
Sunrise Suites Apartments2 Bed 1 Bath2BR,1BA$1.33
Wabash Riverfront Flats2BR/1.0BA2BR,1BA$1.24
The MonroeB22BR,2BA$1.15
Ironton at Shoals1 Beds, 1 Baths1BR,1BA$1.00

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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Quick Rent Budget Calculator

How much rent can you afford?

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 Cine Senior Apartments listed at $425.

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

The lowest price for a Cheap One Bedroom Montgomery Apartment is $630 at Cine Senior Apartments.

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 $700 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 Aspen Bloomington and starts from $1,050.

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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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.

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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.