Cheap Apartments for Rent in Montpelier, IA from $400 (39 Rentals)

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

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.

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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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Spencer Towers
1 Bedroom Apartments

Spencer Towers

111 20th StRock Island, IL 61201
  • Utilities Included

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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LaFayette Square
2 to 4 Bedroom Apartments

LaFayette Square

625 W 4th StDavenport, IA 52801
  • Utilities Included

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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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. Candlelight Court in the Vander Veer Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. 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
Candlelight CourtOne Bedroom1BR,1BA$600
Century Woods Apartments1 BR 1 Bath1BR,1BA$615
Harrison LoftsStudio - 40%Studio,1BA$627
RIVERWALK LOFTS1 Bed 1 Bath1BR,1BA$650
Breckenridge Apartments2 Bedroom2BR,1BA$695
Eagles Crest Apartments1 bed 1 bath with patio1BR,1BA$700
1616-1634 W 42nd St1 Bed, 1 bath1BR,1BA$735
Apartments on MainStudioStudio,1BA$750
Walcott Manor Apartments2 BR/ 1 BA2BR,1BA$780

Best Value Apartments for Rent in Montpelier, IA and Nearby

As of December 29, 2025 the best value apartment in the Montpelier area is the $0.74 price per square foot 1 BR/ 1 BA Model at Bucktown Lofts in the in the Vander Veer Park neighborhood starting from $998. The second greatest value Montpelier apartment is the row-2thG Model at The Row at 35th starting at $1,150 with a $0.96 price per square foot in the Vander Veer Park 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.
Bucktown Lofts1 BR/ 1 BA1BR,1BA$0.74
The Row at 35throw-2thG2BR,2BA$0.96
Davenport Bank Apartments1bd/1ba1BR,1BA$1.04
Gordon-Van Tine Commons1 Bedroom1BR,1BA$0.98
Cobblestone Apartments1BR/1BA1BR,1BA$1.03
Candlelight CourtOne Bedroom1BR,1BA$0.75
Walcott Manor Apartments2 BR/ 1 BA2BR,1BA$0.98
Sherwood Forest Apartments1BR/1BA1BR,1BA$1.05
Century Woods Apartments1 BR 1 Bath1BR,1BA$0.82
RIVERWALK LOFTS1 Bed 1 Bath1BR,1BA$0.99

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

Explore Montpelier, IA Rentals by Map

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See the most popular apartments and homes in Montpelier, IA

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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 Harrison Lofts listed at $627.

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

The lowest price for a Cheap One Bedroom Montpelier Apartment is $600 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 Century Woods Apartments and starts from $815.

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!