561 S Elk St
Belle PlaineMN56011
Cheap Homes for Rent near Montgomery, MN from $1,200 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Montgomery.
960 N 3rd St
St. PeterMN56082
501 1st St W
NorthfieldMN55057
203 Spruce Ln
MankatoMN56001
207 Spruce Ln
MankatoMN56001
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.
9830 Upper 161st St W
LakevilleMN55044
504 Juliet Dr
LakevilleMN55044
3315 Skyview Dr
TylerTX75707
1389 Highpoint Curve
ShakopeeMN55379
733 Juliet Dr
LakevilleMN55044
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.
Showing Results 1-10, Page 1 of 1
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 a home in Montgomery?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Montgomery 2 Bedroom Homes for Rent | $1,765 | $1,475 | $1,995 |
| Montgomery 3 Bedroom Homes for Rent | $2,453 | $1,785 | $3,195 |
| Montgomery 4 Bedroom Homes for Rent | $3,411 | $2,195 | $4,495 |
| Montgomery 5 Bedroom Homes for Rent | $3,197 | $2,500 | $3,895 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Montgomery
Explore Montgomery
Montgomery, MN Local Guide
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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 in the Le Sueur County neighborhood priced from $895. Le Sueur Apartments in the Le Sueur County neighborhood 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 |
Best Value Apartments for Rent in Montgomery, MN and Nearby
As of July 15, 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 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. |
|---|---|---|---|
| Jordan Valley Townhomes | 3 Bedroom 2 Bath | 3BR,2BA | $1.16 |
| 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 |
| East Gate Estates | 2 Bedroom 1.5 Bath | 2BR,1.5BA | $1.51 |
| Tiller Place | 2 bedrooms | 2BR,1BA | $1.51 |
| Town's Edge Place Apartments | 2 Bedroom | 2BR,1BA | $1.40 |
| Greenfield Estates I & II | Waiting List - 1 Bedroom | 1BR,1BA | $1.43 |
| Le Sueur Meadows | One Bedroom | 1BR,1BA | $1.52 |
| 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 Article
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.
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.
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Explore Montgomery, MN Rentals by Map
See the most popular apartments and homes in Montgomery, MN
Frequently Asked Questions about Montgomery
What type of rentals are currently available in Montgomery?
There are currently 52 Apartments for Rent in Montgomery, MN with pricing that ranges from $802 to $2,482. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Montgomery ranging from $1,225 to $4,495.
What is the current price range for Rental Homes in Montgomery?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Montgomery ranges from $1,225 to $4,495 with an average monthly rent of $2,420.
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
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.
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.