960 N 3rd St
St. PeterMN56082
Cheap Homes for Rent in Montgomery, MN from $1,300 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Montgomery.
34 Wood Dr
MankatoMN56001
501 1st St W
NorthfieldMN55057
128 Maple Dr
MankatoMN56001
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.
94 Viking Terrace
NorthfieldMN55057
20577 Erin Ct
FarmingtonMN55024
1033 Bluff Ave E
ShakopeeMN55379
2248 Affirmed Dr
ShakopeeMN55379
3315 Skyview Dr
BurnsvilleMN55337
9830 Upper 161st St W
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 1-12, 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 | $1,927 | $1,450 | $3,300 |
| Montgomery 3 Bedroom Homes for Rent | $2,411 | $1,364 | $3,900 |
| Montgomery 4 Bedroom Homes for Rent | $3,060 | $2,300 | $3,950 |
| Montgomery 5 Bedroom Homes for Rent | $3,095 | $2,995 | $3,195 |
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 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 |
Best Value Apartments for Rent in Montgomery, MN and Nearby
As of April 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 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 Article
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 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.
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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 $2,550. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Montgomery ranging from $1,315 to $3,950.
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 $1,315 to $3,950 with an average monthly rent of $2,361.
How much are larger Three and Four Bedroom Rentals in Montgomery?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Montgomery range from $1,350 to $2,550, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,364 to $3,900. Four Bedroom Single-Family rentals are also available starting from $2,300 and Four Bedroom Apartments start at $2,055.
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
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.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.