815 W Main St
PortlandIN47371
Cheap Homes for Rent in Montpelier, IN from $400 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Montpelier.
320 1/2 E North St
PortlandIN47371
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.
173 E Wilson Dr
MarionIN46953
202 N Meridian St
PortlandIN47371
1211 W Spencer Ave
MarionIN46952
411 Wheeling Ave
MuncieIN47303
704-706 S Boots St
MarionIN46953
3620 N Miami Ave
MuncieIN47303
1710 S Walnut St
Hartford CityIN47348
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.
745 N Mulberry St
MuncieIN47305
Showing Results 1-10, Page 1 of 1
Montpelier, IN Local Guide
Statue of Miami Chief Francis Godfroy, located in downtown Montpelier, Indiana. by TwoScarsUp is licensed under CCO 1.0
How much does it cost to rent a home in Montpelier?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Montpelier 2 Bedroom Homes for Rent | $902 | $700 | $1,200 |
| Montpelier 3 Bedroom Homes for Rent | $1,278 | $550 | $1,750 |
| Montpelier 4 Bedroom Homes for Rent | $1,399 | $1,195 | $1,650 |
Browse Top Homes for Rent in Montpelier
Explore Montpelier
Montpelier, IN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $530. Yugo 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Haven | 4x4 | 4BR,4BA | $530 |
| Yugo Muncie Varsity House | 3 Bed, 3 Bath Classic Renovated | 3BR,3BA | $569 |
| BECKFORD PLACE APARTMENTS | Apartment 1bd | 1BR,1BA | $675 |
Best Value Apartments for Rent in Montpelier, IN and Nearby
As of September 11, 2025 the best value apartment in the Montpelier area is the $0.62 price per square foot 2BD/2BA Furnished Premium Model at University Village in the in the Westacres neighborhood starting from $809. The second greatest value Montpelier apartment is the 2 Bedroom Model at Thomas Jefferson Park starting at $850 with a $0.77 price per square foot . Here is today’s list of the best values for Montpelier apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| University Village | 2BD/2BA Furnished Premium | 2BR,2BA | $0.62 |
| Thomas Jefferson Park | 2 Bedroom | 2BR,1.5BA | $0.77 |
| Granton Place Apartments | 2 bedroom Flats | 2BR,1BA | $0.86 |
| Delaware Acres | Pulse 6016 | 2BR,2BA | $1.18 |
| OAK TERRACE APARTMENTS | 2 bedroom townhome | 2BR,1BA | $0.96 |
| The Latitude Apartments | 2 Bedroom Classic | 2BR,2BA | $1.04 |
| PARK FOREST APARTMENTS | 2BR/1.0BA | 2BR,1BA | $1.03 |
| Yugo Muncie Varsity House | 2 Bed, 2 Bath Renovated | 2BR,2BA | $0.89 |
| Silvertree Communities | Silvertree 2bd | 2BR,1BA | $0.72 |
| Somerset Apartments | One Bedroom | 1BR,1BA | $0.98 |
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.
Let everyone know!
Do you know the Montpelier area?
If you’re an expert on all things Montpelier, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Montpelier, IN Rentals by Map
See the most popular apartments and homes in Montpelier, IN
Frequently Asked Questions about Montpelier
What type of rentals are currently available in Montpelier?
There are currently 44 Apartments for Rent in Montpelier, IN with pricing that ranges from $350 to $1,595. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Montpelier ranging from $450 to $1,750.
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 $450 to $1,750 with an average monthly rent of $1,065.
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 $350 to $1,335, while Three Bedroom Homes, Condos, and Townhomes for rent range from $550 to $1,750. Four Bedroom Single-Family rentals are also available starting from $1,195 and Four Bedroom Apartments start at $350.
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.
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.
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.
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.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.