Cheap Homes for Rent in Montgomery, IN from $500 (5 Rentals)

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Cheap Homes in Montgomery.

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.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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 Southern Meadows priced from $625. Woodland Springs has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Montgomery apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Southern MeadowsStudioStudio,1BA$625
Woodland Springs1 Bedroom1BR,1BA$800
Union at Crescent1 Bed 1 Bath1BR,1BA$866

Best Value Apartments for Rent in Montgomery, IN and Nearby

As of May 08, 2025 the best value apartment in the Montgomery area is the $1.07 price per square foot Prime Living at Its Finest: Luxurious Stand-Alo... Model at Circle Point Villas in the starting from $1,650. The second greatest value Montgomery apartment is the Sycamore With Office Model at Forest Ridge starting at $1,799 with a $1.29 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.
Circle Point VillasPrime Living at Its Finest: Luxurious Stand-Alo...3BR,2BA$1.07
Forest RidgeSycamore With Office3BR,2BA$1.29
The League Bloomington10 North 2x2 XL2BR,2BA$1.24
Union at Crescent3 Bed 2 Bath3BR,2BA$1.59
Big Red Apartments3 Bed - Upper3BR,1BA$1.67
Summit PointeThe Evergreen1BR,1BA$1.25
Woodland Springs1 Bedroom1BR,1BA$1.08
Basswood Apartments1 Bedroom 1 Bathroom1BR,1BA$1.47
Wabash Riverfront Flats2 bed 1 Bath2BR,1BA$0.95
Southern Meadows1 Bed Apt1BR,1BA$1.27

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Frequently Asked Questions about Montgomery

What type of rentals are currently available in Montgomery?

There are currently 47 Apartments for Rent in Montgomery, IN with pricing that ranges from $625 to $3,455. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Montgomery ranging from $528 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 $528 to $3,000 with an average monthly rent of $1,832.

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 $910 to $2,995, while Three Bedroom Homes, Condos, and Townhomes for rent range from $859 to $2,500. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $790.

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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.