Cheap Apartments for Rent near Montpelier, IA from $400 (58 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Spencer Towers
1 Bedroom Apartments

Spencer Towers

111 20th StRock Island, IL 61201
  • Utilities Included
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3240 Heatherton Dr
1 to 2 Bedroom Apartments

3240 Heatherton Dr

3240 Heatherton DrDavenport, IA 52804
  • Utilities Included

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.

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Burtlen House
1 to 2 Bedroom Apartments

Burtlen House

2925 Dubuque StDavenport, IA 52803
  • Utilities Included
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2323-3030 31st Ave
2 Bedroom Apartments

2323-3030 31st Ave

2323-3030 31st AveRock Island, IL 61201
  • Utilities Included

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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Montpelier, IA Local Guide

Cheapest Available Montpelier Apartments for Rent and Nearby

 

The cheapest available apartment rental in Montpelier, IA is a 1 Bed unit found at Ecumencial New Horizons in the North Side neighborhood priced from $488. Duplexes LLC in the North Side neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $597. Here is today’s list of the most affordable Montpelier apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ecumencial New Horizons1002 Ash #6 (Apartment)1BR,1BA$488
Duplexes LLC3 Bedroom Duplex3BR,1BA$597
RIVERWALK LOFTS1 Bed 1 Bath1BR,1BA$650
Candlelight CourtStudioStudio,1BA$650
Jebens Court Apartments1 bed1BR,1BA$650
Welch Hotel Senior ApartmentsStudioStudio,1BA$650
Woodland Apartments0BR/1.0BAStudio,1BA$695
3240 Heatherton Dr1 Bedroom1BR,1BA$700
1616-1634 W 42nd St1 Bed, 1 bath1BR,1BA$735
Eagles Crest Apartments1 bed 1 bath1BR,1BA$750

Best Value Apartments for Rent in Montpelier, IA and Nearby

As of August 20, 2026 the best value apartment in the Montpelier area is the $0.92 price per square foot row-2thG Model at The Row at 35th in the in the Vander Veer Park neighborhood starting from $1,100. The second greatest value Montpelier apartment is the 1bd/1ba Model at Davenport Bank Apartments starting at $1,250 with a $1.04 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.
The Row at 35throw-2thG2BR,2BA$0.92
Davenport Bank Apartments1bd/1ba1BR,1BA$1.04
Bucktown Lofts1 BR/ 1 BA1BR,1BA$0.84
Duplexes LLC3 Bedroom Duplex3BR,1BA$0.63
3240 Heatherton Dr1 Bedroom1BR,1BA$0.88
Walcott Manor Apartments2 BR/ 1 BA2BR,1BA$1.03
1616-1634 W 42nd St1 Bed, 1 bath1BR,1BA$1.06
Jebens Court Apartments1 bed1BR,1BA$0.96
RIVERWALK LOFTS1 Bed 1 Bath1BR,1BA$0.99
Candlelight CourtStudioStudio ,1BA$1.00

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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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.

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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 Candlelight Court 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 $488 at Ecumencial New Horizons.

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 $631 at Ecumencial New Horizons.

What is the most affordable Montpelier Three Bedroom Apartment?

The best deal on a cheap Montpelier Three Bedroom Apartment rental is at Duplexes LLC and starts from $597.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.