
Cheap Apartments for Rent in Montgomery, IN from $300 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in Montgomery.


Southern Meadows Senior Living

Acadia Court

The Annex of Bloomington

Walnut Springs

West Baden Lofts
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.

Woodland Springs

Summit Pointe

Union at Crescent

Wabash Riverfront Flats
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.

1103 Broadway St

332 N French St

109 S Washington St

613 E Water St
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.

108 S Oak St

5314 S Southway Dr
Montgomery, IN Local Guide

How much does it cost to rent an apartment in Montgomery?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Montgomery Studio Apartments | $1,252 | $817 | $1,629 |
Montgomery 1 Bedroom Apartments | $1,367 | $750 | $2,040 |
Montgomery 2 Bedroom Apartments | $1,440 | $859 | $2,628 |
Montgomery 3 Bedroom Apartments | $1,602 | $534 | $2,970 |
Montgomery 4 Bedroom Apartments | $1,339 | $739 | $5,999 |
Browse Top Apartments in Montgomery
See all Apartments in MontgomeryExplore Montgomery
Montgomery, IN Local Guide
- Nearby Cities
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Cheapest Available Montgomery Apartments for Rent and Nearby
 The cheapest available apartment rental in Montgomery, IN is a 1 Bed unit found at Ironton at Shoals priced from $700. Canadian Apartments in the Downtown Bloomington IN neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Montgomery apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Ironton at Shoals | 1 Beds, 1 Baths | 1BR,1BA | $700 |
Canadian Apartments | 1BR/1.0BA | 1BR,1BA | $750 |
Acadia Court | Studio | Studio,1BA | $760 |
West Baden Lofts | 2 bedroom | 2BR,2BA | $899 |
College Square Apartments | The Walnut | 1BR,1BA | $915 |
Best Value Apartments for Rent in Montgomery, IN and Nearby
As of October 13, 2025 the best value apartment in the Montgomery area is the $1.04 price per square foot 3BR Villa Model at Circle Point Villas in the starting from $1,595. The second greatest value Montgomery apartment is the Three Bedroom Townhome Model at Nile Ridge Townhomes starting at $1,400 with a $0.91 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Circle Point Villas | 3BR Villa | 3BR,2BA | $1.04 |
Nile Ridge Townhomes | Three Bedroom Townhome | 3BR,3.5BA | $0.91 |
Sullivan Downtown Townhomes | Single Family Home | 3BR,2.5BA | $1.16 |
Park on Morton | 3x3 Balcony - Platinum | 3BR,3BA | $0.97 |
Beacon Hill | Beacon Hill - 3 Bed/2 Bath - Remodeled | 3BR,2BA | $1.06 |
Vail Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.08 |
The League Bloomington | 10 North 2x2 Penthouse | 2BR,2BA | $0.99 |
West Baden Lofts | 2 bedroom | 2BR,2BA | $0.95 |
The Monroe | B2 | 2BR,2BA | $1.15 |
Ironton at Shoals | 1 Beds, 1 Baths | 1BR,1BA | $1.08 |
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Pet Friendly Lifestyle
Ranked #
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Montgomery, IN Rentals by Map
See the most popular apartments and homes in Montgomery, IN
Getting Around Montgomery, IN
Walk Score®
9 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
33 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $700 at Ironton at Shoals.
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 $899 at West Baden Lofts.
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
Helpful Apartment Articles, How-To's and Tips
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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.