Cheap Apartments for Rent in Montgomery, MN from $600 (20 Rentals)

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

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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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.

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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.

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Hillcrest Apartments
2 Bedroom Apartments

Hillcrest Apartments

500 Boright StLe Sueur, MN 56058
  • Utilities Included
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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
Town's Edge Place Apartments1 Bedroom1BR,1BA$975
Hidden Valley Apartments** COMING SOON **2BR,1BA$1,000
Greenfield Estates I & IIOne Bedroom Apartment1BR,1BA$1,025

Best Value Apartments for Rent in Montgomery, MN and Nearby

As of June 14, 2025 the best value apartment in the Montgomery area is the $1.37 price per square foot 3 bedroom 2 bathroom Model at Trails Edge Apartments LLC in the in the Downtown Faribault neighborhood starting from $1,650. The second greatest value Montgomery apartment is the 2 Bed/ 2 Bath Model G Model at Courtwood Village I starting at $1,599 with a $1.44 price per square foot in the Downtown Prior Lake 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.
Trails Edge Apartments LLC3 bedroom 2 bathroom3BR,2BA$1.37
Courtwood Village I2 Bed/ 2 Bath Model G2BR,2BA$1.44
Heritage Bluff Apartments LLC2 bedroom 1 bathroom2BR,1BA$1.31
Straight River Apartments, LLC2 Bedroom 1 Bath2BR,1BA$1.37
Town's Edge Place Apartments3 Bedroom3BR,2BA$1.40
Hidden Valley Apartments** COMING SOON **2BR,1BA$1.10
Maple Trails Apartments** COMING SOON **2BR,1BA$1.61
Greenfield Estates I & IIOne Bedroom Apartment1BR,1BA$1.36
Cardinal Ridge Apartments 62+0BR/1.0BA1BR,1BA$1.17
Le Sueur Apartments1 Bedroom1BR,1BA$1.49

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Location, Location, Location!

Explore Montgomery, MN Rentals by Map

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See the most popular apartments and homes in Montgomery, MN

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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 Authentix Lakeville listed at $1,302.

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 Town's Edge Place Apartments and starts from $1,350.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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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.