Cheap Apartments for Rent in Montpelier, IA from $400 (20 Rentals)

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Spencer Towers
1 Bedroom Apartments

Spencer Towers

111 20th StRock Island, IL 61201
  • Utilities Included
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LaFayette Square
2 to 4 Bedroom Apartments

LaFayette Square

625 W 4th StDavenport, IA 52801
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Montpelier, IA Local Guide

Cheapest Available Montpelier Apartments for Rent and Nearby

 

The cheapest available apartment rental in Montpelier, IA is a 2 Beds unit found at Welch Hotel Senior Apartments in the Oak Ridge neighborhood priced from $452. Ecumenical New Horizons in the North Side neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $576. Here is today’s list of the most affordable Montpelier apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Welch Hotel Senior ApartmentsTwo Bedroom2BR,1BA$452
Ecumenical New Horizons2 Bed Apartment2BR,1BA$576
Candlelight CourtOne Bedroom1BR,1BA$625
RIVERWALK LOFTS1 Bed 1 Bath1BR,1BA$650
Breckenridge Apartments2 Bedroom2BR,1BA$695

Best Value Apartments for Rent in Montpelier, IA and Nearby

As of November 10, 2025 the best value apartment in the Montpelier area is the $1.00 price per square foot 2bd/2ba Model at Davenport Bank Apartments in the in the Vander Veer Park neighborhood starting from $1,400. The second greatest value Montpelier apartment is the 2 Bed Apartment Model at Ecumenical New Horizons starting at $576 with a $0.46 price per square foot in the North Side neighborhood. Here is today’s list of the best values for Montpelier apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Davenport Bank Apartments2bd/2ba2BR,2BA$1.00
Ecumenical New Horizons2 Bed Apartment2BR,1BA$0.46
The Row at 35throw-2thG2BR,2BA$0.96
Vue at 7th2 Bedroom 1 Bathroom2BR,1BA$1.00
River Ridge 2301-2325 University Drive2 bed2BR,1BA$1.00
Candlelight CourtTwo Bedroom2BR,1BA$0.88
Walcott Manor Apartments2 BR/ 1 BA2BR,1BA$0.98
Sherwood Forest Apartments1BR/1BA1BR,1BA$1.05
The Hendrix1 Bedroom 1 Bathroom1BR,1BA$1.18
RIVERWALK LOFTS1 Bed 1 Bath1BR,1BA$0.99

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Frequently Asked Questions about Cheap Montpelier Apartments

What is the Cheapest Studio apartment in Montpelier?

Currently the most affordable Cheap Studio Apartment in Montpelier is at Welch Hotel Senior Apartments listed at $650.

How much is rent for a Cheap One Bedroom Montpelier Apartment?

The lowest price for a Cheap One Bedroom Montpelier Apartment is $625 at Candlelight Court.

What is the lowest price for a Cheap Two Bedroom Montpelier Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Montpelier is starting from $452 at Welch Hotel Senior Apartments.

What is the most affordable Montpelier Three Bedroom Apartment?

The best deal on a cheap Montpelier Three Bedroom Apartment rental is at Eagles Crest Apartments and starts from $1,050.

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.