
Cheap Apartments for Rent in Montgomery, MN from $400 (57 Rentals)
Search the lowest-cost Apartments available for rent right now in Montgomery.


Cardinal Ridge Apartments 62+

Brentwood Court Apartments - 55+ Community

Market Village Senior Residence 55+

Brentwood Terrace - 55+ Community

Le Sueur Apartments

Hillcrest Apartments

Tiller+Main

Le Sueur Meadows

Four Seasons Apartments
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.

Total Monthly Price
Hidden Valley Apartments

Straight River Apartments, LLC

Town's Edge Place Apartments

Hillside Apartments

Parkside Apartments

Belle Court

Philipp Square Senior Apartments 55+

Total Monthly Price
The Faribo Apartments

Trails Edge Apartments LLC

Total Monthly Price
Elmview Apartments
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.

Heritage Bluff Apartments LLC

Riverchase Apartments

Timberfield Apartments

Total Monthly Price
Creekside Commons Apartments

Sand Creek Flats

Greenfield Estates I & II

Total Monthly Price
Hickory Grove Apartments

Tiller Place

Total Monthly Price
Authentix Lakeville

Mosaic Apartments
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.

Bohemia Flats

Maple Trails Apartments

Old Town Apartments

Total Monthly Price
East Gate Estates

The Village at Five Hawks

Courtwood Village I

Dundas Apartments

Courtwood Village 2

Northview Apartments

Liberty Park Apartments Senior Community-62+
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.

Henderson Apartments

Midwest Flats

561 S Elk St

Westgate Townhomes

Maple Acres Apartments

960 N 3rd St

Brecken Place 2nd Addition

Pineview Townhomes

1114 4th St NW

203 Spruce Ln
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.
Montgomery, MN Local Guide

How much does it cost to rent an apartment in Montgomery?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Montgomery Studio Apartments | $1,240 | $802 | $1,503 |
| Montgomery 1 Bedroom Apartments | $1,332 | $805 | $1,850 |
| Montgomery 2 Bedroom Apartments | $1,570 | $995 | $2,300 |
| Montgomery 3 Bedroom Apartments | $2,004 | $1,350 | $2,502 |
Browse Top Apartments in Montgomery
See all Apartments in MontgomeryExplore Montgomery
Montgomery, MN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Montgomery Apartments for Rent and Nearby
 The cheapest available apartment rental in Montgomery, MN is a 1 Bed unit found at Le Sueur Apartments in the Le Sueur County neighborhood priced from $895. Tiller+Main in the Le Sueur County neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here is today’s list of the most affordable Montgomery apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Le Sueur Apartments | 1 Bedroom | 1BR,1BA | $895 |
| Tiller+Main | Studio | Studio,1BA | $900 |
| Le Sueur Meadows | One Bedroom | 1BR,1BA | $945 |
| Four Seasons Apartments | Cozy One Bedroom Apartment Home | 1BR,1BA | $975 |
| Hillcrest Apartments | 2BD/1BA | 2BR,1BA | $995 |
| Town's Edge Place Apartments | 1 Bedroom | 1BR,1BA | $1,033 |
| Parkside Apartments | 1 bedroom | 1BR,1BA | $1,050 |
| Greenfield Estates I & II | Waiting List - 1 Bedroom | 1BR,1BA | $1,075 |
| Belle Court | Unit B304 | 2BR,1BA | $1,095 |
| Elmview Apartments | 2 BD/1 BA | 2BR,1BA | $1,243 |
Best Value Apartments for Rent in Montgomery, MN and Nearby
As of July 29, 2026 the best value apartment in the Montgomery area is the $1.16 price per square foot 3 Bedroom 2 Bath Model at Jordan Valley Townhomes in the in the Scott Far Western Suburbs neighborhood starting from $1,855. The second greatest value Montgomery apartment is the 2 Bedroom 2 Bath + Den Model at Straight River Apartments, LLC starting at $1,875 with a $1.50 price per square foot in the Downtown Faribault 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. |
|---|---|---|---|
| Jordan Valley Townhomes | 3 Bedroom 2 Bath | 3BR,2BA | $1.16 |
| Straight River Apartments, LLC | 2 Bedroom 2 Bath + Den | 2BR,2BA | $1.50 |
| Trails Edge Apartments LLC | 3 bedroom 2 bathroom | 3BR,2BA | $1.41 |
| Hillside Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.38 |
| Heritage Bluff Apartments LLC | 2 bedroom 1 bathroom | 2BR,1BA | $1.31 |
| Tiller Place | 2 bedrooms | 2BR,1BA | $1.51 |
| Town's Edge Place Apartments | 2 Bedroom | 2BR,1BA | $1.40 |
| Hillcrest Apartments | 2BD/1BA | 2BR,1BA | $1.22 |
| Greenfield Estates I & II | Waiting List - 1 Bedroom | 1BR,1BA | $1.43 |
| Le Sueur Apartments | 1 Bedroom | 1BR,1BA | $1.49 |
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 ArticleReal 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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Montgomery, MN Rentals by Map
See the most popular apartments and homes in Montgomery, MN
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 Tiller+Main listed at $900.
How much is rent for a Cheap One Bedroom Montgomery Apartment?
The lowest price for a Cheap One Bedroom Montgomery Apartment is $895 at Le Sueur 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 $995 at Hillcrest Apartments.
What is the most affordable Montgomery Three Bedroom Apartment?
The best deal on a cheap Montgomery Three Bedroom Apartment rental is at Four Seasons Apartments and starts from $1,350.
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

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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.