
Cheap Apartments for Rent in Montpelier, ID from $500 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in Montpelier.


538 N. Main Street

Rosewood

Fargo Apartments

Scenic View Apartment Homes

Center Street
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.

629 Main

The Fremont

Twin Creek Apartments

L59

421 N Hooper Ave

632 E 600 N
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.

420 S 6th Ave

677 E 600 N

723 W. Lewis Street

456 N 600 E

341 E 2700 N

838 West Center Street
Cash 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.

675 E 600 N

207 S Hayes

1160 South 4th Avenue

654 1/2 E 800 N

Pocatello Heights

Arbor Court Apartments
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.

146 W 1000 N

320 Ashland Dr
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 | $839 | $625 | $2,306 |
| Montpelier 1 Bedroom Apartments | $1,314 | $695 | $2,843 |
| Montpelier 2 Bedroom Apartments | $1,520 | $900 | $2,849 |
| Montpelier 3 Bedroom Apartments | $1,646 | $500 | $2,500 |
| Montpelier 4 Bedroom Apartments | $556 | $500 | $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 Studio unit found at Rosewood priced from $645. Fargo Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $680. Here is today’s list of the most affordable Montpelier apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Rosewood | 0BR/1.0BA | Studio,1BA | $645 |
| Fargo Apartments | Studio small | Studio,1BA | $680 |
| Scenic View Apartment Homes | 1 BED 1 BATH | 1BR,1BA | $695 |
| Center Street | 0BR/1.0BA | Studio,1BA | $695 |
| 207 S Hayes | 2BR/1.0BA | 2BR,1BA | $795 |
| 629 Main | 1BR/1.0BA | 1BR,1BA | $795 |
| Twin Creek Apartments | 1 Bedroom | 1BR,1BA | $950 |
| Kirkwood Meadows | 2 Bed 1 Bath | 2BR,1BA | $1,025 |
| Bridger Pointe | The Birch | 1BR,1BA | $1,090 |
| Wasatch Pointe Apartments | Uinta 1 Bed 1 Bath | 1BR,1BA | $1,109 |
Best Value Apartments for Rent in Montpelier, ID and Nearby
As of May 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 Denali Model at The Factory starting at $695 with a $0.43 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 |
| The Factory | Denali | 4BR,3BA | $0.43 |
| 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 |
| Brooklane Apartments | Annex | 6BR,6BA | $0.90 |
| Kirkwood Meadows | 2 Bed 1 Bath | 2BR,1BA | $1.19 |
| 207 S Hayes | 2BR/1.0BA | 2BR,1BA | $1.14 |
| 629 Main | 1BR/1.0BA | 1BR,1BA | $1.33 |
| Rosewood | 0BR/1.0BA | Studio ,1BA | $1.29 |
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.
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
What is the Cheapest Studio apartment in Montpelier?
Currently the most affordable Cheap Studio Apartment in Montpelier is at Rosewood listed at $645.
How much is rent for a Cheap One Bedroom Montpelier Apartment?
The lowest price for a Cheap One Bedroom Montpelier Apartment is $695 at Scenic View Apartment Homes.
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 $795 at 207 S Hayes.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.