
Cheap Apartments for Rent in Montpelier, OH from $592 (38 Rentals)
Search the lowest-cost Apartments available for rent right now in Montpelier.


Fountain Creek Senior Villas

Drake Terrace III

Whitman Crossing

Greenwood Village

York Hills Apartments

Carriage Park Apartments

Winthrop Terrace - Defiance

Winthrop Terrace - Bryan
Rent According to Income: A Look at Income-Restricted Rentals
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Addison Apartments

Chelsea Village Apartments

Deerfield Village

Woodbury Estates Apartments

Nelson Estates Apartments

Stratford Place Apartments - Senior Living

Crosswait Estates Apartments

West Commons

The Lofts at Milnes Plaza
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.

Atz Place

608 W Dennis St

Riverview Terrace Apartments

255 S Wayne St

Glen Arbors

Paigelynn Place

Riverview Estates

PineView Apartments

713 N Main St
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.

Swan Creek Crossing (Senior 55+)

3854 Timberhill Dr

Arlington Place

Virginia Manor Apartments

70 Westwood St

Northcrest Apartments

49 S Howell St

Price Apartments

Griswold Estates Apartments
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.

345 Walnut St

172 Sand Creek Hwy
Montpelier, OH Local Guide

How much does it cost to rent an apartment in Montpelier?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Montpelier Studio Apartments | $1,210 | $795 | $1,474 |
| Montpelier 1 Bedroom Apartments | $1,288 | $696 | $2,252 |
| Montpelier 2 Bedroom Apartments | $1,445 | $592 | $2,410 |
| Montpelier 3 Bedroom Apartments | $1,680 | $776 | $2,378 |
Browse Top Apartments in Montpelier
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Montpelier, OH Local Guide
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Cheapest Available Montpelier Apartments for Rent and Nearby
 The cheapest available apartment rental in Montpelier, OH is a 2 Beds unit found at Fountain Creek Senior Villas priced from $592. Whitman Crossing in the Lenawee County neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $726. Here is today’s list of the most affordable Montpelier apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Fountain Creek Senior Villas | 2 Beds, 1 bath | 2BR, 1BA | $592 |
| Whitman Crossing | 2 Bedroom Unit | 2BR, 1BA | $726 |
| Drake Terrace III | 2 Bedroom | 2BR, 1BA | $741 |
| Glen Arbors | 2x1 | 2BR, 1BA | $765 |
| York Hills Apartments | One Bed | One Bath | First Month's Rent FREE! | 1BR, 1BA | $775 |
| Paigelynn Place | 3 Bedroom | 3BR, 1BA | $790 |
| Carriage Park Apartments | Carriage Park Apartments | Studio | One Bath | Studio, 1BA | $795 |
| Addison Apartments | 2/1 | 2BR, 1BA | $875 |
| Deerfield Village | One Bedroom | 1BR, 1BA | $945 |
| Woodbury Estates Apartments | Two Bedroom | 2BR, 1BA | $959 |
Best Value Apartments for Rent in Montpelier, OH and Nearby
As of September 22, 2026 the best value apartment in the Montpelier area is the $0.72 price per square foot 3 Bedroom Model at Paigelynn Place in the Fulton County neighborhood starting from $790. The second greatest value Montpelier apartment is the Two Bedroom Model at Woodbury Estates Apartments in the Lenawee County neighborhood starting at $959 with a $0.96 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. |
|---|---|---|---|
| Paigelynn Place | 3 Bedroom | 3BR, 1.5BA | $0.72 |
| Woodbury Estates Apartments | Two Bedroom | 2BR, 1BA | $0.96 |
| Nelson Estates Apartments | 2Bed_1Bath | 2BR, 1BA | $1.04 |
| Crosswait Estates Apartments | Two Bedroom | 2BR, 1BA | $1.13 |
| Fountain Creek Senior Villas | 2 Beds, 1 bath | 2BR, 1BA | $0.64 |
| Whitman Crossing | 1 Bedroom Unit | 1BR, 1BA | $1.02 |
| Glen Arbors | 2x1 | 2BR, 1BA | $0.94 |
| Addison Apartments | 2/1 | 2BR, 1BA | $1.09 |
| Drake Terrace III | 2 Bedroom | 2BR, 1BA | $0.99 |
| York Hills Apartments | One Bed | One Bath | First Month's Rent FREE! | 1BR, 1BA | $1.24 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
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Read ArticleReal 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 ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Montpelier, OH Rentals by Map
See the most popular apartments and homes in Montpelier, OH
Frequently Asked Questions about Cheap Montpelier Apartments
How much is rent for a Cheap One Bedroom Montpelier Apartment?
The lowest price for a Cheap One Bedroom Montpelier Apartment is $775 at York Hills 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 $592 at Fountain Creek Senior Villas.
What is the most affordable Montpelier Three Bedroom Apartment?
The best deal on a cheap Montpelier Three Bedroom Apartment rental is at Paigelynn Place and starts from $790.
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

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.

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.

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.

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.