
Cheap Homes for Rent in Montpelier, IA from $500 (15 Rentals)
Search the lowest-cost Homes available for rent right now in Montpelier.


2201 W 2nd St

608 W 3rd St

1218 Cedar St

310 Western Ave
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.

1701 25th St

3637 Johnson Ave

627 N Division St

212 E 2nd St

2218 Emerald Dr
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.

1234 E 4th St

2325 McKinley Ave

201 S Howell St

2133 N Division St

1505 Washington St
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.
Montpelier, IA Local Guide

How much does it cost to rent a home in Montpelier?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Montpelier 2 Bedroom Homes for Rent | $1,033 | $795 | $1,350 |
| Montpelier 3 Bedroom Homes for Rent | $1,335 | $875 | $1,950 |
| Montpelier 4 Bedroom Homes for Rent | $1,750 | $1,150 | $2,600 |
Browse Top Homes for Rent in Montpelier
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Montpelier, IA Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Welch Hotel Senior Apartments | Two Bedroom | 2BR,1BA | $452 |
| Candlelight Court | One Bedroom | 1BR,1BA | $600 |
| Century Woods Apartments | 1 BR 1 Bath | 1BR,1BA | $615 |
| Harrison Lofts | Studio - 40% | Studio,1BA | $627 |
| RIVERWALK LOFTS | 1 Bed 1 Bath | 1BR,1BA | $650 |
Best Value Apartments for Rent in Montpelier, IA and Nearby
As of December 26, 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 $1,075 with a $0.90 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Bucktown Lofts | 1 BR/ 1 BA | 1BR,1BA | $0.74 |
| The Row at 35th | row-2thG | 2BR,2BA | $0.90 |
| Davenport Bank Apartments | 1bd/1ba | 1BR,1BA | $1.04 |
| Gordon-Van Tine Commons | 1 Bedroom | 1BR,1BA | $0.98 |
| Cobblestone Apartments | 1BR/1BA | 1BR,1BA | $1.03 |
| Candlelight Court | One Bedroom | 1BR,1BA | $0.75 |
| Walcott Manor Apartments | 2 BR/ 1 BA | 2BR,1BA | $0.98 |
| Sherwood Forest Apartments | 1BR/1BA | 1BR,1BA | $1.05 |
| Century Woods Apartments | 1 BR 1 Bath | 1BR,1BA | $0.82 |
| RIVERWALK LOFTS | 1 Bed 1 Bath | 1BR,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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Montpelier
What type of rentals are currently available in Montpelier?
There are currently 48 Apartments for Rent in Montpelier, IA with pricing that ranges from $452 to $2,400. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Montpelier ranging from $500 to $2,600.
What is the current price range for Rental Homes in Montpelier?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Montpelier ranges from $500 to $2,600 with an average monthly rent of $1,106.
How much are larger Three and Four Bedroom Rentals in Montpelier?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Montpelier range from $815 to $2,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $875 to $1,950. Four Bedroom Single-Family rentals are also available starting from $1,150 and Four Bedroom Apartments start at $850.
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

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.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!