
Cheap Homes for Rent in Montpelier, IA from $600 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Montpelier.


1218 Cedar St

604 W 3rd St

114 S Mississippi St

2218 Emerald Dr
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.

421 W 11th St

1234 E 4th St

1321 S Nevada Ave

3240 Heatherton Dr

627 N Division St
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.
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 | $984 | $695 | $1,200 |
| Montpelier 3 Bedroom Homes for Rent | $1,233 | $875 | $1,600 |
| Montpelier 4 Bedroom Homes for Rent | $1,350 | $1,300 | $1,400 |
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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 1 Bed unit found at Candlelight Court in the Vander Veer Park neighborhood priced from $600. Century Woods Apartments in the Saukie neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $615. Here is today’s list of the most affordable Montpelier apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Candlelight Court | One Bedroom | 1BR,1BA | $600 |
| Century Woods Apartments | 1 BR 1 Bath | 1BR,1BA | $615 |
| Harrison Lofts | Studio - 40% | Studio,1BA | $644 |
Best Value Apartments for Rent in Montpelier, IA and Nearby
As of February 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Row at 35th | row-2thG | 2BR,2BA | $0.92 |
| Davenport Bank Apartments | 1bd/1ba | 1BR,1BA | $1.04 |
| Cobblestone Apartments | 2BR/2BA | 2BR,2BA | $0.93 |
| River Ridge 2301-2325 University Drive | 2 bed | 2BR,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 |
| 1616-1634 W 42nd St | 1 Bed, 1 bath | 1BR,1BA | $1.06 |
| 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.
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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 $600 to $2,400. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Montpelier ranging from $695 to $1,600.
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 $695 to $1,600 with an average monthly rent of $1,087.
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 $1,600. Four Bedroom Single-Family rentals are also available starting from $1,300 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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.