
Cheap Homes for Rent in Montpelier, IA from $500 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Montpelier.


2434 McMillan Ct

608 W 3rd St

310 Western Ave

1101 Gaines St

2609 Diehn Ave

1234 E 4th St

2501 26th Ave Ct

809 E 11th St

1642 W George Washington Blvd

618 Cedar St

600 Pine St
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 | $1,142 | $795 | $1,533 |
Montpelier 3 Bedroom Homes for Rent | $1,338 | $875 | $2,100 |
Montpelier 4 Bedroom Homes for Rent | $1,617 | $1,250 | $3,100 |
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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 Ecumenical New Horizons in the North Side neighborhood priced from $576. Candlelight Court in the Vander Veer Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $625. Here is today’s list of the most affordable Montpelier apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Ecumenical New Horizons | 2 Bed Apartment | 2BR,1BA | $576 |
Candlelight Court | One Bedroom | 1BR,1BA | $625 |
RIVERWALK LOFTS | 1 Bed 1 Bath | 1BR,1BA | $650 |
Woodland Apartments | 0BR/1.0BA | Studio,1BA | $695 |
Breckenridge Apartments | 2 Bedroom | 2BR,1BA | $695 |
Best Value Apartments for Rent in Montpelier, IA and Nearby
As of September 18, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Davenport Bank Apartments | 2bd/2ba | 2BR,2BA | $1.00 |
Ecumenical New Horizons | 2 Bed Apartment | 2BR,1BA | $0.46 |
Colorado Senior Lofts 55+ | Two Bedroom | 2BR,1BA | $0.86 |
Candlelight Court | Two Bedroom | 2BR,1BA | $0.88 |
2323-3030 31st Ave | Two Bed/One Bath | 2BR,1BA | $1.00 |
Crescent Lofts | Market 1 bed 1.5 bath | 1BR,1.5BA | $1.19 |
Walcott Manor Apartments | 2 BR/ 1 BA | 2BR,1BA | $0.98 |
Sherwood Forest Apartments | 1BR/1BA | 1BR,1BA | $1.05 |
The Hendrix | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.18 |
RIVERWALK LOFTS | 1 Bed 1 Bath | 1BR,1BA | $0.99 |
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Frequently Asked Questions about Montpelier
What type of rentals are currently available in Montpelier?
There are currently 45 Apartments for Rent in Montpelier, IA with pricing that ranges from $488 to $2,400. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Montpelier ranging from $500 to $3,100.
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 $3,100 with an average monthly rent of $1,066.
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 $631 to $2,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $875 to $2,100. Four Bedroom Single-Family rentals are also available starting from $1,250 and Four Bedroom Apartments start at $690.
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.

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.

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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.