
Cheap Apartments for Rent in Montgomery, MN from $400 (60 Rentals)
Search the lowest-cost Apartments available for rent right now in Montgomery.


Brentwood Court Apartments - 55+ Community

Total Monthly Price
Hidden Valley Apartments

Market Village Senior Residence 55+

Brentwood Terrace - 55+ Community

Le Sueur Apartments

Tiller+Main

Tiller Place

Total Monthly Price
Midwest Flats

Four Seasons Apartments
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.

Straight River Apartments, LLC

Town's Edge Place Apartments

Hillside Apartments

Greenfield Estates I & II

Philipp Square Senior Apartments 55+

Total Monthly Price
The Faribo Apartments

Trails Edge Apartments LLC

Parkside Apartments

Total Monthly Price
Elmview Apartments

Heritage Bluff Apartments LLC
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.

Riverchase Apartments

Timberfield Apartments

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Creekside Commons Apartments

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East Gate Estates

Old Town Apartments

Maple Trails Apartments

Courtwood Village I

The Village at Five Hawks

Sand Creek Flats

Total Monthly Price
Hickory Grove Apartments
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.

Mosaic Apartments

Bohemia Flats

Total Monthly Price
Authentix Lakeville

Courtwood Village 2

Dundas Apartments

Jordan Valley Townhomes

Northview Apartments

Liberty Park Apartments Senior Community-62+

Henderson Apartments

Hillcrest Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Le Sueur Meadows

Brooksville

94 Viking Terrace

Belle Court Apartments

Westgate Townhomes

Maple Acres Apartments

51 Viking Terrace

538 2nd St NW

501 1st St W

Brecken Place 2nd Addition
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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 | $1,105 | $802 | $1,517 |
| Montgomery 1 Bedroom Apartments | $1,360 | $815 | $1,875 |
| Montgomery 2 Bedroom Apartments | $1,614 | $1,000 | $2,300 |
| Montgomery 3 Bedroom Apartments | $1,985 | $1,350 | $2,572 |
| Montgomery 4 Bedroom Apartments | $2,055 | $2,055 | $2,055 |
Browse Top Apartments in Montgomery
See all Apartments in MontgomeryExplore Montgomery
Montgomery, MN Local Guide
- Nearby Cities
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cardinal Ridge Apartments 62+ | 1 Bedroom | 1BR,1BA | $750 |
| Le Sueur Apartments | 1 Bedroom | 1BR,1BA | $895 |
| Tiller+Main | Studio | Studio,1BA | $900 |
| Tiller Place | Studio | Studio,1BA | $900 |
| Four Seasons Apartments | Cozy One Bedroom Apartment Home | 1BR,1BA | $975 |
| Hidden Valley Apartments | ** COMING SOON ** | 2BR,1BA | $1,010 |
| Town's Edge Place Apartments | 1 Bedroom | 1BR,1BA | $1,030 |
| Greenfield Estates I & II | Waiting List - 1 Bedroom | 1BR,1BA | $1,075 |
| The Faribo Apartments | One Bedroom A | 1BR,1BA | $1,118 |
| Hillside Apartments | One Bedroom One Bathroom | 1BR,1BA | $1,140 |
Best Value Apartments for Rent in Montgomery, MN and Nearby
As of April 30, 2026 the best value apartment in the Montgomery area is the $1.50 price per square foot 2 Bedroom 2 Bath + Den Model at Straight River Apartments, LLC in the in the Downtown Faribault neighborhood starting from $1,875. The second greatest value Montgomery apartment is the 2 bedroom 1 bathroom Model at Heritage Bluff Apartments LLC starting at $1,345 with a $1.36 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. |
|---|---|---|---|
| Straight River Apartments, LLC | 2 Bedroom 2 Bath + Den | 2BR,2BA | $1.50 |
| Heritage Bluff Apartments LLC | 2 bedroom 1 bathroom | 2BR,1BA | $1.36 |
| Town's Edge Place Apartments | 3 Bedroom | 3BR,2BA | $1.50 |
| Hidden Valley Apartments | ** COMING SOON ** | 2BR,1BA | $1.11 |
| Hillside Apartments | One Bedroom One Bathroom | 1BR,1BA | $1.30 |
| Maple Trails Apartments | ** COMING SOON ** | 2BR,1BA | $1.61 |
| Greenfield Estates I & II | Waiting List - 1 Bedroom | 1BR,1BA | $1.43 |
| Tiller Place | Studio | Studio ,1BA | $1.36 |
| Cardinal Ridge Apartments 62+ | 1 Bedroom | 1BR,1BA | $1.17 |
| Le Sueur Apartments | 1 Bedroom | 1BR,1BA | $1.49 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
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 $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 Le Sueur 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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.