
Cheap Homes for Rent in Montpelier, IA from $700 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Montpelier.


310 Western Ave

1701 25th St

114 S Mississippi St

3637 Johnson Ave

3803 Pearl Ave

1234 E 4th St

207 W 4th St

2501 26th Ave Ct

212 E 2nd St

201 S Howell St

4341 11th St

2826 W 47th 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 | $1,110 | $800 | $1,550 |
| Montpelier 3 Bedroom Homes for Rent | $1,312 | $875 | $1,950 |
| Montpelier 4 Bedroom Homes for Rent | $1,655 | $1,150 | $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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Welch Hotel Senior Apartments | Two Bedroom | 2BR,1BA | $452 |
| 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 |
| Breckenridge Apartments | 2 Bedroom | 2BR,1BA | $695 |
Best Value Apartments for Rent in Montpelier, IA and Nearby
As of November 11, 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 |
| The Row at 35th | row-2thG | 2BR,2BA | $0.96 |
| Vue at 7th | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.00 |
| River Ridge 2301-2325 University Drive | 2 bed | 2BR,1BA | $1.00 |
| Candlelight Court | Two Bedroom | 2BR,1BA | $0.88 |
| 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 47 Apartments for Rent in Montpelier, IA with pricing that ranges from $452 to $2,400. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Montpelier ranging from $700 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 $700 to $3,100 with an average monthly rent of $1,163.
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 $1,950. Four Bedroom Single-Family rentals are also available starting from $1,150 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.

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!

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.