Cheap Apartments for Rent near Montpelier, IN from $400 (31 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
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

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
424 Lofts
1 to 2 Bedroom Apartments

424 Lofts

424 S Monroe StMuncie, IN 47305
Corporate Housing
  • Utilities Included
Showing Results 1-31, 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 3 Beds unit found at Muncie Varsity House in the Westacres neighborhood priced from $569. Somerset Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $722. Here is today’s list of the most affordable Montpelier apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Muncie Varsity House3 Bed, 3 Bath Plus3BR,3BA$569
Somerset ApartmentsOne Bedroom1BR,1BA$722
UB LoftsStudioStudio,1BA$750
Eaton Residence*Newly Renovated* Premium Style 2-Bedroom Apart...2BR,1BA$850
Forest Oaks Apartments1 Bed 1 Bath (Down)1BR,1BA$850
Normandy ApartmentsPrivate 1 Bed Student Housing! #MainCharacterEn...1BR,1BA$910
PINE GROVE APARTMENTS3 BED 2 BATH3BR,2BA$953
Turnberry Square Apartments2x2A2BR,2BA$955
Charles CommonsCharles Commons — Quiet Living, Close to Everyt...1BR,1BA$960
LaFontaine Center Affordable Senior HousingStudioStudio,1BA$990

Best Value Apartments for Rent in Montpelier, IN and Nearby

As of August 05, 2026 the best value apartment in the Montpelier area is the $1.02 price per square foot 3x2 Upgrade Model at The Latitude Apartments in the in the North Muncie neighborhood starting from $1,199. The second greatest value Montpelier apartment is the WM 3x2 R Model at Walnut Manor Apartments starting at $1,345 with a $1.22 price per square foot in the North Muncie 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.
The Latitude Apartments3x2 Upgrade3BR,2BA$1.02
Walnut Manor ApartmentsWM 3x2 R3BR,2BA$1.22
PINE GROVE APARTMENTS3 BED 2 BATH3BR,2BA$0.89
Cardinal Creek Crossing Apartments2BD/1BA2BR,1BA$0.99
Silvertree CommunitiesLinden Place3BR,2BA$0.81
Fox Brook Apartments2x1 R2BR,1BA$1.21
Muncie Varsity House2 Bed, 2 Bath Renovated2BR,2BA$0.67
Eaton Residence*Newly Renovated* Premium Style 2-Bedroom Apart...2BR,1BA$1.11
*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

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 UB Lofts listed at $750.

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 First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.