Cheap Homes for Rent in Montpelier, ID from $500 (8 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes available for rent right now in Montpelier.

property at 644 E 600 N

644 E 600 N

LoganUT84321
property at 164 S Main St

164 S Main St

Soda SpringsID83276

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.

property at 421 N Hooper Ave

421 N Hooper Ave

Soda SpringsID83276

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.

Montpelier, ID Local Guide

Cheapest Available Montpelier Apartments for Rent and Nearby

 

The cheapest available apartment rental in Montpelier, ID is a Studio unit found at University priced from $575. 538 N. Main Street has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here is today’s list of the most affordable Montpelier apartments for rent:

Apartment ListingModel NameBed/BathPriced From
University0BR/1.0BAStudio,1BA$575
538 N. Main Street0BR/1.0BAStudio,1BA$625
Providence Pointe2 Bedroom2BR,2BA$653

Best Value Apartments for Rent in Montpelier, ID and Nearby

As of October 12, 2025 the best value apartment in the Montpelier area is the $1.16 price per square foot 3 Bedroom 2.5 Bathroom Model at Smithfield Station Townhomes in the starting from $1,759. The second greatest value Montpelier apartment is the 3 Bedroom Model at Canyon Cove Apartments starting at $1,500 with a $1.15 price per square foot . Here is today’s list of the best values for Montpelier apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Smithfield Station Townhomes3 Bedroom 2.5 Bathroom3BR,2.5BA$1.16
Canyon Cove Apartments3 Bedroom3BR,2BA$1.15
The Factory (new)Manhattan3BR,3BA$0.40
Homestead Collection ApartmentsMagnolia 2X22BR,2BA$1.11
Maple Valley2 Bed 2 Bath2BR,2BA$1.20
Cambridge Court Apartments2 Bed2BR,1.5BA$1.16
Providence Pointe2 Bedroom2BR,2BA$0.73
Arbor Court ApartmentsArbor Court Two Bedroom2BR,1BA$1.12
629 Main1BR/1.0BA1BR,1BA$1.24
University0BR/1.0BAStudio ,1BA$1.15

Quick 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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Montpelier, ID Rentals by Map

View Map
Montpelier, ID Apartments Map
View Map
Montpelier, ID Rental Homes Map

Frequently Asked Questions about Montpelier

What type of rentals are currently available in Montpelier?

There are currently 49 Apartments for Rent in Montpelier, ID with pricing that ranges from $500 to $2,700. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Montpelier ranging from $500 to $5,500.

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 $5,500 with an average monthly rent of $1,840.

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 $500 to $2,700, while Three Bedroom Homes, Condos, and Townhomes for rent range from $700 to $5,500. Four Bedroom Single-Family rentals are also available starting from $1,650 and Four Bedroom Apartments start at $695.

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.