Cheap Apartments for Rent in Montpelier, IN from $300 (13 Rentals)

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

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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-13, 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 2 Beds unit found at Historic Gallatin Square priced from $357. The Haven in the Westacres neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $510. Here is today’s list of the most affordable Montpelier apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Historic Gallatin SquareTwo Bedroom2BR,1BA$357
The Haven4x44BR,4BA$510
Yugo Muncie Varsity House3 Bed, 3 Bath Classic Renovated3BR,3BA$549
BECKFORD PLACE APARTMENTSApartment 1bd1BR,1BA$675
UB LoftsStudioStudio,1BA$680

Best Value Apartments for Rent in Montpelier, IN and Nearby

As of May 31, 2025 the best value apartment in the Montpelier area is the $0.73 price per square foot 3 bedroom Model at Granton Place Apartments in the starting from $975. The second greatest value Montpelier apartment is the Two Bedroom Model at Somerset Apartments starting at $840 with a $0.68 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.
Granton Place Apartments3 bedroom3BR,1.5BA$0.73
Somerset ApartmentsTwo Bedroom2BR,1.5BA$0.68
The Latitude2 Bed 2 Bath Apartment - Premium2BR,2BA$1.09
Yugo Muncie Varsity House2 Bed, 2 Bath Renovated2BR,2BA$0.88
OAK TERRACE APARTMENTSApartment 2bd flat2BR,1BA$1.07
424 Lofts1 bedroom1BR,1BA$1.00
Turnberry Square Apartments2 bed/2 bath2BR,2BA$1.19
Forest Oaks Apartments1 Bed 1 Bath (Down)1BR,1BA$1.27
Normandy Apartments1 Bedroom and 1 Bath1BR,1BA$1.21
Historic Gallatin SquareOne Bedroom1BR,1BA$0.71

Quick Rent Budget Calculator

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

Explore Montpelier, IN Rentals by Map

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See the most popular apartments and homes in Montpelier, IN

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Getting Around Montpelier, IN

Walk Score®

16 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

33 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 UB Lofts listed at $680.

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

The lowest price for a Cheap One Bedroom Montpelier Apartment is $357 at Historic Gallatin Square.

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 $357 at Historic Gallatin Square.

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 $545.

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.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.