Cheap Apartments for Rent in Montpelier, IN from $300 (36 Rentals)

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

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.

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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.

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The Orchard
Studio to 3 Bedroom Apartments

The Orchard

720 W Centennial AveMuncie, IN 47303

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.

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Fox Brook Apartments
1 to 3 Bedroom Apartments

Fox Brook Apartments

4000 N Walnut StMuncie, IN 47303
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Showing Results 1-36, 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 University Village in the Westacres neighborhood priced from $514. Flats at West End in the School neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $550. Here is today’s list of the most affordable Montpelier apartments for rent:

Apartment ListingModel NameBed/BathPriced From
University Village4BD/2BA Furnished Premium4BR,2BA$514
Flats at West End0BR/1.0BAStudio,1BA$550
The Haven4x44BR,4BA$565
ApplegateStudio Open - 288 sqftStudio,1BA$590
Muncie Varsity House3 Bed, 3 Bath Classic Renovated3BR,3BA$599
Somerset ApartmentsTwo Bedroom2BR,1BA$812
PINE GROVE APARTMENTS2 BED 1 BATH2BR,1BA$827
Eaton Residence*Newly Renovated* Premium Style 2-Bedroom Apart...2BR,1BA$850
Forest Oaks Apartments1 Bed 1 Bath (Down)1BR,1BA$850
Walnut Manor ApartmentsWM 1x11BR,1BA$855

Best Value Apartments for Rent in Montpelier, IN and Nearby

As of May 06, 2026 the best value apartment in the Montpelier area is the $1.12 price per square foot 3 Bed Basic Model at 402 S Washington St in the starting from $1,750. The second greatest value Montpelier apartment is the 4BD/2BA Furnished Premium Model at University Village starting at $514 with a $0.39 price per square foot in the Westacres neighborhood. 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.
402 S Washington St3 Bed Basic3BR,2BA$1.12
University Village4BD/2BA Furnished Premium4BR,2BA$0.39
Delaware AcresRA 16723BR,2BA$1.00
PINE GROVE APARTMENTS3 BED 2 BATH3BR,2BA$0.89
Silvertree CommunitiesEverbrook Townhomes2BR,1.5BA$0.70
The Latitude Apartments2x2 Classic2BR,2BA$1.09
Muncie Varsity House2 Bed, 2 Bath Renovated2BR,2BA$0.90
Eaton Residence*Newly Renovated* Premium Style 2-Bedroom Apart...2BR,1BA$1.11
UB LoftsOne Bedroom1BR,1BA$1.21
Forest Oaks Apartments1 Bed 1 Bath (Down)1BR,1BA$1.27

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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The 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.

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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.

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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.

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

Explore Montpelier, IN Rentals by Map

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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 Flats at West End listed at $550.

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

The lowest price for a Cheap One Bedroom Montpelier Apartment is $675 at Flats at West End.

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 $720 at The Haven.

What is the most affordable Montpelier Three Bedroom Apartment?

The best deal on a cheap Montpelier Three Bedroom Apartment rental is at The Haven and starts from $575.

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

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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.

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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.

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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.

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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.