
Cheap Apartments for Rent near Montpelier, ID from $300 (47 Rentals)
Search the lowest-cost Apartments available for rent right now in Montpelier.


The Elms Apartments

Rosewood

Center Street

629 Main

The Fremont

Scenic View Apartment Homes

Twin Creek Apartments

Railyard Apartments
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.

Bridger Pointe

Kirkwood Meadows

Matheson Apartments

Total Monthly Price
L59

North Pointe Apartments

88 S 2nd E

Altura Apartments

The Orchard on Oneida

Renewal on Third
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.

Wasatch Pointe Apartments

Seasons on Mill Creek

Total Monthly Price
Canyon Cove Apartments

Legacy Village Apartments

Chubbuck Whitaker

Falls at Riverwoods Apartments and Townhomes

Deer Creek Village

421 N Hooper Ave

53 S Main St
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.

1760 N 400 E

Fargo Apartments

Main Street Flats

675 E 600 N

723 W. Lewis Street

838 West Center Street

University

207 S Hayes Ave

1160 S 4th Ave
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.

Pocatello Heights

Arbor Court Apartments

The Grove Apartments

103 Center St

Providence Pointe

2662 N 370 E

104 Penhurst Pl

1765 N 200 E

351 S 1st St E
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.

551 E Hooper Ave

168 Coventry Pl
Montpelier, ID Local Guide

How much does it cost to rent an apartment in Montpelier?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Montpelier Studio Apartments | $1,026 | $325 | $2,267 |
| Montpelier 1 Bedroom Apartments | $1,355 | $500 | $2,695 |
| Montpelier 2 Bedroom Apartments | $1,537 | $856 | $2,835 |
| Montpelier 3 Bedroom Apartments | $1,773 | $399 | $2,700 |
| Montpelier 4 Bedroom Apartments | $528 | $420 | $695 |
Browse Top Apartments in Montpelier
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Montpelier, ID Local Guide
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Cheapest Available Montpelier Apartments for Rent and Nearby
 The cheapest available apartment rental in Montpelier, ID is a 1 Bed unit found at The Elms Apartments priced from $500. Center Street has the second lowest priced unit, which is a Studio apartment currently listed from $695. Here is today’s list of the most affordable Montpelier apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Elms Apartments | Private Room | 1BR,1BA | $500 |
| Center Street | 0BR/1.0BA | Studio,1BA | $695 |
| University | 1BR/1.0BA | 1BR,1BA | $795 |
| 838 West Center Street | 1BR/1.0BA | 1BR,1BA | $795 |
| 629 Main | 1BR/1.0BA | 1BR,1BA | $795 |
| Scenic View Apartment Homes | 2 Beds, 1 Baths | 2BR,1BA | $895 |
| Twin Creek Apartments | 1 Bedroom | 1BR,1BA | $925 |
| Railyard Apartments | 2-BD | 2BR,1BA | $940 |
| Bridger Pointe | The Birch | 1BR,1BA | $1,099 |
| Kirkwood Meadows | 1 Bed 1 Bath | 1BR,1BA | $1,099 |
Best Value Apartments for Rent in Montpelier, ID and Nearby
As of August 08, 2026 the best value apartment in the Montpelier area is the $0.90 price per square foot 3 Beds, 2.5 baths Model at Jasper Loop in the starting from $1,875. The second greatest value Montpelier apartment is the Magnolia 2X2 Model at Homestead Collection Apartments starting at $1,335 with a $1.11 price per square foot in the Blackhawk 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. |
|---|---|---|---|
| Jasper Loop | 3 Beds, 2.5 baths | 3BR,2.5BA | $0.90 |
| Homestead Collection Apartments | Magnolia 2X2 | 2BR,2BA | $1.11 |
| Canyon Cove Apartments | 2 Bedroom | 2BR,2BA | $1.18 |
| The Orchard on Oneida | 239-3 rooms | 3BR,2BA | $1.18 |
| Wasatch Pointe Apartments | Wasatch 2 Bed 2 Bath | 2BR,2BA | $1.30 |
| Railyard Apartments | 2-BD | 2BR,1BA | $1.21 |
| Scenic View Apartment Homes | 2 Beds, 1 Baths | 2BR,1BA | $1.28 |
| 629 Main | 1BR/1.0BA | 1BR,1BA | $1.33 |
| University | 1BR/1.0BA | 1BR,1BA | $1.33 |
| Center Street | 0BR/1.0BA | Studio ,1BA | $1.39 |
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 ArticleReal 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.
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.
Best Local Schools in Montpelier, ID
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Montpelier, ID Rentals by Map
See the most popular apartments and homes in Montpelier, ID
Frequently Asked Questions about Cheap Montpelier Apartments
How much is rent for a Cheap One Bedroom Montpelier Apartment?
The lowest price for a Cheap One Bedroom Montpelier Apartment is $500 at The Elms Apartments.
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 $895 at Scenic View Apartment Homes.
What is the most affordable Montpelier Three Bedroom Apartment?
The best deal on a cheap Montpelier Three Bedroom Apartment rental is at The Orchard on Oneida and starts from $1,295.
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

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.

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.

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.