Cheap Apartments for Rent near Montpelier, IN from $340 (39 Rentals)

How Many Bedrooms?Done
Price OptionsDone
Price Range
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article
close
View Me
Beckford Place
Studio to 2 Bedroom Apartments

Beckford Place

1315 N Beckford PlMarion, IN 46952

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.

Read Article
close
View Me
The Orchard
Studio to 3 Bedroom Apartments

The Orchard

720 W Centennial AveMuncie, IN 47303
close
View Me
424 Lofts
1 to 2 Bedroom Apartments

424 Lofts

424 S Monroe StMuncie, IN 47305
Corporate Housing
  • Utilities Included

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.

Read Article
close
View Me
Park Forest
2 Bedroom Apartments

Park Forest

1005 N Park Forest DrMarion, IN 46952
close
View Me
Fox Brook Apartments
1 to 3 Bedroom Apartments

Fox Brook Apartments

4000 N Walnut StMuncie, IN 47303
  • Utilities Included
Showing Results 1-39, Page 1 of 1

Montpelier, IN Local Guide

Cheapest Available Montpelier Apartments for Rent and Nearby

 

The cheapest available apartment rental in Montpelier, IN is a 4 Beds unit found at The Haven in the Westacres neighborhood priced from $565. Muncie Varsity House in the Westacres neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $569. Here is today’s list of the most affordable Montpelier apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Haven4x44BR, 4BA$565
Muncie Varsity House3 Bed, 3 Bath Plus3BR, 3BA$569
Somerset ApartmentsOne Bedroom1BR, 1BA$722
Arrasmith ApartmentsArrasmith, in Downtown Muncie Live a Little More!1BR, 1BA$810
PINE GROVE APARTMENTS2 BED 1 BATH2BR, 1BA$827
Forest Oaks Apartments1 Bed 1 Bath (Down)1BR, 1BA$850
Eaton ResidenceMove in Ready Premium Style 2-Bedroom Apartment...2BR, 1BA$910
LaFontaine Center Affordable Senior HousingStudioStudio, 1BA$990
Fox Brook Apartments2x12BR, 1BA$992
White River LoftsACT NOW While Supplies Last REDUCED RATE 1 BED ...1BR, 1BA$999

Best Value Apartments for Rent in Montpelier, IN and Nearby

As of September 19, 2026 the best value apartment in the Montpelier area is the $0.39 price per square foot 4BD/2BA Furnished Premium Model at University Village in the Westacres neighborhood starting from $514. The second greatest value Montpelier apartment is the 3 BED 2 BATH Model at PINE GROVE APARTMENTS in the Wells County neighborhood starting at $953 with a $0.89 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.
University Village4BD/2BA Furnished Premium4BR, 2BA$0.39
PINE GROVE APARTMENTS3 BED 2 BATH3BR, 2BA$0.89
Cardinal Creek Crossing Apartments2BD/1BA2BR, 1BA$0.99
Silvertree CommunitiesLinden Place3BR, 2BA$0.41
The Latitude Apartments2x2 Upgrade2BR, 2BA$1.17
Fox Brook Apartments2x12BR, 1BA$1.13
Muncie Varsity House2 Bed, 2 Bath Renovated2BR, 2BA$0.67
Eaton ResidenceMove in Ready Premium Style 2-Bedroom Apartment...2BR, 1BA$1.18
*Newly Renovated* Premium Style 2-4 BD Apartment Home2 Beds, 1 bath2BR, 1BA$0.94
Somerset ApartmentsOne Bedroom1BR, 1BA$1.05

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 Article
Decorative image

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article

Real 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 Article
Decorative image

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, IN Rentals by Map

Decorative image of map

See the most popular apartments and homes in Montpelier, IN

View Map
Montpelier, IN Apartments Map
View Map
Montpelier, IN Rental Homes Map

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 LaFontaine Center Affordable Senior Housing listed at $990.

How much is rent for a Cheap One Bedroom Montpelier Apartment?

The lowest price for a Cheap One Bedroom Montpelier Apartment is $722 at Somerset 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 $569 at Muncie Varsity House.

What is the most affordable Montpelier Three Bedroom Apartment?

The best deal on a cheap Montpelier Three Bedroom Apartment rental is at Muncie Varsity House and starts from $569.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for How Commercial-to-Residential Property Conversions Help the Housing Crisis article

How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.