
Cheap Homes for Rent in Montgomery, IN from $800 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Montgomery.


109 S Washington St

1103 Broadway St

108 S Oak St

22 Eastview Dr
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.

3900 S Rendy Ln

707 Jackson St

4909 N Old Hwy 41

2640 Windy Hill Rd

402 S Hall 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.

207 E 4th St
Montgomery, IN Local Guide

How much does it cost to rent a home in Montgomery?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Montgomery 2 Bedroom Homes for Rent | $1,103 | $900 | $1,295 |
| Montgomery 3 Bedroom Homes for Rent | $1,711 | $950 | $2,250 |
| Montgomery 4 Bedroom Homes for Rent | $1,999 | $1,300 | $2,500 |
| Montgomery 5 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
Browse Top Homes for Rent in Montgomery
Explore Montgomery
Montgomery, IN Local Guide
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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 $745. 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 | $745 |
| Canadian Apartments | 1BR/1.0BA | 1BR,1BA | $750 |
| Acadia Court | Studio | Studio,1BA | $760 |
| Wabash Riverfront Flats | 1BR/1.0BA | 1BR,1BA | $825 |
| Woodland Springs | 1 Bedroom | 1BR,1BA | $825 |
Best Value Apartments for Rent in Montgomery, IN and Nearby
As of December 30, 2025 the best value apartment in the Montgomery area is the $1.05 price per square foot 3BR Villa Model at Circle Point Villas in the starting from $1,615. The second greatest value Montgomery apartment is the 3x3 Balcony - Classic Model at Park on Morton starting at $1,189 with a $0.92 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 | $1.05 |
| Park on Morton | 3x3 Balcony - Classic | 3BR,3BA | $0.92 |
| Woodland Springs | 3 Bedroom | 3BR,1BA | $1.19 |
| West Baden Lofts | 3 bedroom | 3BR,2BA | $1.17 |
| Vail Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.08 |
| The League Bloomington | 2x2 | 2BR,2BA | $1.40 |
| Baldwin Heights | 1 Bedroom | 1BR,1BA | $1.21 |
| The Monroe | B2 | 2BR,2BA | $1.15 |
| Union at Crescent | 1 Bed 1 Bath | 1BR,1BA | $1.28 |
| Ironton at Shoals | 1 Beds, 1 Baths | 1BR,1BA | $1.15 |
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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
Pet Friendly LifestyleMontgomery, IN
Ranked #95
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Montgomery
What type of rentals are currently available in Montgomery?
There are currently 53 Apartments for Rent in Montgomery, IN with pricing that ranges from $534 to $5,500. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Montgomery ranging from $850 to $3,000.
What is the current price range for Rental Homes in Montgomery?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Montgomery ranges from $850 to $3,000 with an average monthly rent of $1,693.
How much are larger Three and Four Bedroom Rentals in Montgomery?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Montgomery range from $534 to $3,045, while Three Bedroom Homes, Condos, and Townhomes for rent range from $950 to $2,250. Four Bedroom Single-Family rentals are also available starting from $1,300 and Four Bedroom Apartments start at $739.
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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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