Cheap Apartments for Rent in Montgomery, MN from $600 (28 Rentals)

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

property at 488 N Welco Dr

488 N Welco Dr

MontgomeryMN56069

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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

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Henderson Apartments
1 to 3 Bedroom Apartments

Henderson Apartments

235 N 8th StHenderson, MN 56044
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Hillcrest Apartments
1 to 2 Bedroom Apartments

Hillcrest Apartments

500 Boright StLe Sueur, MN 56058
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Le Sueur Meadows
2 Bedroom Apartments

Le Sueur Meadows

417 Turril StLe Sueur, MN 56058

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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Montgomery, MN Local Guide

Cheapest Available Montgomery Apartments for Rent and Nearby

 

The cheapest available apartment rental in Montgomery, MN is a 1 Bed unit found at Cardinal Ridge Apartments 62+ in the Scott Far Western Suburbs neighborhood priced from $750. Le Sueur Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here is today’s list of the most affordable Montgomery apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cardinal Ridge Apartments 62+0BR/1.0BA1BR,1BA$750
Le Sueur Apartments1 Bedroom1BR,1BA$895
Tiller+MainStudioStudio,1BA$900
Tiller PlaceStudioStudio,1BA$900
Hidden Valley Apartments** COMING SOON **2BR,1BA$1,000
Greenfield Estates I & IIWaiting List 1BR1BR,1BA$1,025
Brooksville1 Bed 1 Bath1BR,1BA$1,095
The Faribo ApartmentsOne Bedroom A1BR,1BA$1,099
Maple Acres Apartments3x13BR,1BA$1,250
Sand Creek FlatsStudioStudio,2BA$1,295

Best Value Apartments for Rent in Montgomery, MN and Nearby

As of September 13, 2025 the best value apartment in the Montgomery area is the $1.31 price per square foot 2 bedroom 1 bathroom Model at Heritage Bluff Apartments LLC in the in the Downtown Faribault neighborhood starting from $1,300. The second greatest value Montgomery apartment is the 2 Bedroom 1 Bath Model at Straight River Apartments, LLC starting at $1,350 with a $1.37 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Heritage Bluff Apartments LLC2 bedroom 1 bathroom2BR,1BA$1.31
Straight River Apartments, LLC2 Bedroom 1 Bath2BR,1BA$1.37
East Gate Estates2 Bedroom 1.5 Bath2BR,1.5BA$1.56
Hidden Valley Apartments** COMING SOON **2BR,1BA$1.10
Maple Trails Apartments** COMING SOON **2BR,1BA$1.61
Greenfield Estates I & IIWaiting List 1BR1BR,1BA$1.36
Tiller PlaceStudioStudio ,1BA$1.36
Cardinal Ridge Apartments 62+0BR/1.0BA1BR,1BA$1.17
Tiller+MainStudioStudio ,1BA$1.50
Le Sueur Apartments1 Bedroom1BR,1BA$1.49

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Montgomery, MN Rentals by Map

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Getting Around Montgomery, MN

Walk Score®

48 / 100

Car-Dependent

Most errands require a car

Bike Score®

38 / 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 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 $750 at Cardinal Ridge Apartments 62+.

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 $1,000 at Hidden Valley Apartments.

What is the most affordable Montgomery Three Bedroom Apartment?

The best deal on a cheap Montgomery Three Bedroom Apartment rental is at Maple Acres Apartments and starts from $1,250.

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

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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.

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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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.