
Cheap Homes for Rent in Montpelier, OH from $700 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Montpelier.


221 S Ivy Ln

316 Empire St, Unit 316b

340 N Wayne St

302 S Walsh St
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.

306 S Guilford St

172 Sand Creek Hwy

304 S Guilford St

441 Freeman St

174 Sand Creek Hwy
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.

14780 Lickley Rd
Montpelier, OH Local Guide

How much does it cost to rent a home in Montpelier?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Montpelier 2 Bedroom Homes for Rent | $1,815 | $950 | $2,530 |
| Montpelier 3 Bedroom Homes for Rent | $1,894 | $250 | $3,500 |
| Montpelier 4 Bedroom Homes for Rent | $2,666 | $1,700 | $4,000 |
Browse Top Homes for Rent in Montpelier
Explore Montpelier
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 1 Bed unit found at Whitman Crossing in the Lenawee County neighborhood priced from $619. Partridge Place has the second lowest priced unit, which is a 2 Beds apartment currently listed from $709. Here is today’s list of the most affordable Montpelier apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Whitman Crossing | 1 Bedroom Unit | 1BR,1BA | $619 |
| Partridge Place | 2 Bedroom Unit | 2BR,1BA | $709 |
| Drake Terrace III | 2 Bedroom | 2BR,1BA | $741 |
| York Hills Apartments | York Hills Apartments - One Bedroom ** FIRST MO... | 1BR,1BA | $750 |
| GLEN ARBORS | 2 Bed 1 Bath | 2BR,1BA | $765 |
Best Value Apartments for Rent in Montpelier, OH and Nearby
As of July 09, 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 in the Fulton County neighborhood starting from $790. The second greatest value Montpelier apartment is the Two Bedroom One Bathroom Model at Griswold Estates Apartments starting at $1,134 with a $1.08 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 |
| Griswold Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.08 |
| Partridge Place | 3 Bedroom Unit | 3BR,1.5BA | $0.74 |
| Nelson Estates Apartments | 2Bed_1Bath | 2BR,1BA | $1.12 |
| Crosswait Estates Apartments | Two Bedroom | 2BR,1BA | $0.96 |
| Whitman Crossing | 1 Bedroom Unit | 1BR,1BA | $0.67 |
| GLEN ARBORS | 2 Bed 1 Bath | 2BR,1BA | $0.87 |
| Addison Apartments | 2/1 | 2BR,1BA | $1.09 |
| Drake Terrace III | 2 Bedroom | 2BR,1BA | $0.99 |
| York Hills Apartments | York Hills Apartments - One Bedroom ** FIRST MO... | 1BR,1BA | $1.20 |
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 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 Montpelier
What type of rentals are currently available in Montpelier?
There are currently 49 Apartments for Rent in Montpelier, OH with pricing that ranges from $619 to $2,828. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Montpelier ranging from $250 to $4,000.
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 $250 to $4,000 with an average monthly rent of $1,795.
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

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.

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.