Cheap Homes for Rent in Montgomery, MN from $1,300 (4 Rentals)

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

property at 538 2nd St NW

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

2 Bedroom, 1 Bath Condo for Rent

Available Now

538 2nd St NW

FaribaultMN55021
property at 20660 Holyoke Ave

$1,400

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

2 Bedroom, 1 Bath Townhome for Rent

Available Now

20660 Holyoke Ave

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.

property at 325 Brutus Dr

$1,779

Total Monthly Price

Total Monthly Price

Base Rent
$1,779

Total Monthly Price
$1,779

3 Bedroom, 2 Bath Home for Rent

Available Now

325 Brutus Dr

LakevilleMN55044
property at 5458 Egan Dr

$1,895

Total Monthly Price

Total Monthly Price

Base Rent
$1,895

Total Monthly Price
$1,895

3 Bedroom, 2 Bath Townhome for Rent

Available Jan 1, 2026

5458 Egan Dr

SavageMN55378

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.

Montgomery, MN Local Guide

Best Value Apartments for Rent in Montgomery, MN and Nearby

As of December 29, 2025 the best value apartment in the Montgomery area is the $1.09 price per square foot Three Bedroom Model at DELETE - [Jordan Valley] in the in the Scott Far Western Suburbs neighborhood starting from $1,742. The second greatest value Montgomery apartment is the Three Bedroom Model at Brecken Place 2nd Addition starting at $1,700 with a $1.38 price per square foot in the Scott Far Western Suburbs 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.
DELETE - [Jordan Valley]Three Bedroom3BR,2BA$1.09
Brecken Place 2nd AdditionThree Bedroom3BR,2BA$1.38
Pineview TownhomesTwo Bedroom2BR,1.5BA$1.33
Heritage Bluff Apartments LLC2 bedroom 1 bathroom2BR,1BA$1.36
Straight River Apartments, LLC2 Bedroom 1 Bath2BR,1BA$1.43
Belle Court Apartments2 Bedroom2BR,1BA$1.44
Hidden Valley Apartments** COMING SOON **2BR,1BA$1.10
Greenfield Estates I & IIWaiting List - 1 Bedroom1BR,1BA$1.43
Tiller PlaceStudioStudio ,1BA$1.36
Cardinal Ridge Apartments 62+1 Bedroom1BR,1BA$1.17

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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The 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.

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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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Montgomery, MN Rentals by Map

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Frequently Asked Questions about Montgomery

What type of rentals are currently available in Montgomery?

There are currently 53 Apartments for Rent in Montgomery, MN with pricing that ranges from $719 to $2,730. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Montgomery ranging from $1,350 to $4,900.

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 $1,350 to $4,900 with an average monthly rent of $2,389.

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 $2,730, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,779 to $2,600. Four Bedroom Single-Family rentals are also available starting from $2,150 and Four Bedroom Apartments start at $2,500.

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

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!