204 3rd St NW
MontgomeryMN56069
Cheap Apartments for Rent in Montgomery, MN from $400 (58 Rentals)
Search the lowest-cost Apartments available for rent right now in Montgomery.
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$750 - $815
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available Aug 1Cardinal Ridge Apartments 62+
200 State St WBelle Plaine, MN 56011
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$802 - $1,826
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Contact Us For AvailabilityBrentwood Court Apartments - 55+ Community
285 Creek Ln SJordan, MN 55352
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$831 - $1,930
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Contact Us For AvailabilityMarket Village Senior Residence 55+
100-110 J Roberts WayElko New Market, MN 55054
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$860 - $1,654
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Contact Us For AvailabilityBrentwood Terrace - 55+ Community
405 Seville DrJordan, MN 55352
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Rent Specials
$895 - $1,000
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowLe Sueur Apartments
411 N 3rd St NLe Sueur, MN 56058
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$895 - $995
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowHillcrest Apartments
500 Boright StLe Sueur, MN 56058
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$900 - $1,175
Plus Fees
Studio to 1 Bedroom Apartments Available NowTiller+Main
101 Main StLe Sueur, MN 56058
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$975 - $1,350
Plus Fees
1 to 3 Bedroom Apartments Available NowFour Seasons Apartments
1250 Autumn DrFaribault, MN 55021
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$982
Total Monthly Price
1 Bedroom Apartments Available Aug 1Total Monthly Price
Base Rent
$972
Required Monthly Fees
Varies
Total Monthly Price
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Hidden Valley Apartments
1370 Heritage DrNorthfield, MN 55057
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.
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Rent Specials
$1,000 - $1,945
Plus Fees
Studio to 2 Bedroom Apartments Available NowStraight River Apartments, LLC
601 1st Ave NEFaribault, MN 55021
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$1,033 - $1,450
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowTown's Edge Place Apartments
851 Faribault RdFaribault, MN 55021
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$1,040 - $1,540
Plus Fees
Studio to 2 Bedroom Apartments Available NowHillside Apartments
10 Division St WFaribault, MN 55021
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Rent Specials
$1,050 - $1,200
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowParkside Apartments
310 6th Ave NWNew Prague, MN 56071
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$1,075 - $1,500
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowGreenfield Estates I & II
870-880 Kingsway DrLe Sueur, MN 56058
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$1,106 - $1,672
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Contact Us For AvailabilityPhilipp Square Senior Apartments 55+
116 1st Ave NWNew Prague, MN 56071
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$1,118
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available Jul 31Total Monthly Price
Base Rent
$1,099
Required Monthly Fees
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Total Monthly Price
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The Faribo Apartments
123 2nd St NWFaribault, MN 55021
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$1,150 - $1,695
Plus Fees
1 to 3 Bedroom Apartments Available NowTrails Edge Apartments LLC
715 Central AveFaribault, MN 55021
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$1,175 - $1,550
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowMidwest Flats
429 8th Ave NWFaribault, MN 55021
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$1,195 - $1,445
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowBelle Court
561 S Elk St SBelle Plaine, MN 56011
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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Rent Specials
$1,243 - $1,955
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,183 - $1,895
Required Monthly Fees
$60
Total Monthly Price
$1,243 - $1,955
Elmview Apartments
1740 Willow StFaribault, MN 55021
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Rent Specials
$1,250 - $1,695
Plus Fees
1 to 3 Bedroom Apartments Available NowHeritage Bluff Apartments LLC
200 Heritage PlFaribault, MN 55021
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$1,250 - $1,795
Plus Fees
1 to 2 Bedroom Apartments Available NowRiverchase Apartments
110 Riverchase CtFaribault, MN 55021
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Rent Specials
$1,260 - $1,690
Plus Fees
Studio to 2 Bedroom Apartments Available NowTimberfield Apartments
2411-2431 Jefferson RdNorthfield, MN 55057
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Rent Specials
$1,295 - $2,450
Plus Fees12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowSand Creek Flats
201 El Dorado DrJordan, MN 55352
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Rent Specials
$1,326 - $2,498
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,180 - $2,352
Required Monthly Fees
Varies
Total Monthly Price
Varies
Authentix Lakeville
11656 207th St WLakeville, MN 55044
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$1,390 - $1,600
Plus Fees
2 to 3 Bedroom Apartments Available Aug 21Maple Trails Apartments
2005 Jefferson RdNorthfield, MN 55057
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$1,390 - $1,525
Plus Fees
2 Bedroom Apartments Available NowTiller Place
128 2nd StLe Sueur, MN 56058
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$1,400 - $2,250
Plus Fees
Studio to 3 Bedroom Apartments Available NowMosaic Apartments
1400 Heritage DrNorthfield, MN 55057
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$1,400 - $2,200
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowBohemia Flats
102 Chalupsky Ave SENew Prague, MN 56071
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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Rent Specials
$1,400 - $1,545
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,400 - $1,545
Total Monthly Price
Varies
Hickory Grove Apartments
1201 Enterprise Dr EBelle Plaine, MN 56011
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$1,450 - $2,200
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available Jul 15Old Town Apartments
220 Old Town RdElko New Market, MN 55054
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$1,524 - $1,749
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,425 - $1,650
Required Monthly Fees
$99
Total Monthly Price
$1,524 - $1,749
Creekside Commons Apartments
16535 Tranquility Ct SEPrior Lake, MN 55372
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Rent Specials
$1,545 - $2,095
Plus Fees
2 to 3 Bedroom Apartments Available Jun 19The Village at Five Hawks
16611-16635 Five Hawks Ave SEPrior Lake, MN 55372
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$1,599
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available Jul 1Courtwood Village I
17092 Adelmann St SEPrior Lake, MN 55372
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$1,600 - $2,000
Plus Fees12 Month Lease Term
2 to 3 Bedroom Apartments Available NowDundas Apartments
80 West Ave WDundas, MN 55019
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$1,629 - $1,659
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowCourtwood Village 2
17088 Adelmann St SEPrior Lake, MN 55372
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Rent Specials
$1,694
Total Monthly Price
2 to 3 Bedroom Apartments Available Jul 1Total Monthly Price
Base Rent
$1,690
Required Monthly Fees
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Total Monthly Price
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East Gate Estates
1200 4th St NENew Prague, MN 56071
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1 to 2 Bedroom Apartments
Northview Apartments
532-568 N Cordova AveLe Center, MN 56057
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1 to 2 Bedroom Apartments
Liberty Park Apartments Senior Community-62+
204 Liberty ParkNew Prague, MN 56071
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.
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1 to 3 Bedroom Apartments
Henderson Apartments
235 N 8th StHenderson, MN 56044
412 N Cedar St
ChaskaMN55318
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2 Bedroom Apartments
Le Sueur Meadows
417 Turril StLe Sueur, MN 56058
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1 to 2 Bedroom Apartments
Brooksville
16829 Toronto Ave SEPrior Lake, MN 55372
561 S Elk St
Belle PlaineMN56011
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2 to 3 Bedroom Apartments
Westgate Townhomes
600 1st St NWNew Prague, MN 56071
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3 Bedroom Apartments
Maple Acres Apartments
255 Maple Ln SeNew Prague, MN 56071
51 Viking Terrace
NorthfieldMN55057
960 N 3rd St
St. PeterMN56082
501 1st St W
NorthfieldMN55057
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.
Montgomery, MN Local Guide
Trail track into the distance by Nick Ortloff is licensed under CC BY 2.0
How much does it cost to rent an apartment in Montgomery?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Montgomery Studio Apartments | $1,193 | $802 | $1,487 |
| Montgomery 1 Bedroom Apartments | $1,350 | $805 | $2,150 |
| Montgomery 2 Bedroom Apartments | $1,621 | $995 | $2,200 |
| Montgomery 3 Bedroom Apartments | $1,937 | $1,350 | $2,498 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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 Hillcrest Apartments priced from $895. 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 |
|---|---|---|---|
| Hillcrest Apartments | 1BD/1BA | 1BR,1BA | $895 |
| Le Sueur Apartments | 1 Bedroom | 1BR,1BA | $895 |
| Tiller+Main | Studio | Studio,1BA | $900 |
| Four Seasons Apartments | Cozy One Bedroom Apartment Home | 1BR,1BA | $975 |
| 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 |
| Hillside Apartments | One Bedroom One Bathroom | 1BR,1BA | $1,140 |
| Midwest Flats | 1BR/1.0BA | 1BR,1BA | $1,175 |
| Belle Court | Unit B312 | 1BR,1BA | $1,195 |
Best Value Apartments for Rent in Montgomery, MN and Nearby
As of June 14, 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 3 bedroom 2 bathroom Model at Trails Edge Apartments LLC starting at $1,695 with a $1.41 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 |
| Trails Edge Apartments LLC | 3 bedroom 2 bathroom | 3BR,2BA | $1.41 |
| Heritage Bluff Apartments LLC | 2 bedroom 1 bathroom | 2BR,1BA | $1.31 |
| Town's Edge Place Apartments | 3 Bedroom | 3BR,2BA | $1.50 |
| Tiller Place | 2 bedrooms | 2BR,1BA | $1.51 |
| Hillside Apartments | One Bedroom One Bathroom | 1BR,1BA | $1.30 |
| Greenfield Estates I & II | Waiting List - 1 Bedroom | 1BR,1BA | $1.43 |
| Parkside Apartments | 1 bedroom | 1BR,1BA | $1.52 |
| Tiller+Main | 1 Bedroom and 1 Bath | 1BR,1BA | $1.62 |
| 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.
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Real 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.
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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.
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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 Hillcrest 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
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.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.