
Cheap Apartments for Rent in Montpelier, VA from $700 (48 Rentals)
Search the lowest-cost Apartments available for rent right now in Montpelier.


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Oakbrook Apartments

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Kings Grant Apartments 55+

Oaks at Gayton

MAA West End

Ashland Towne Square

Breckenridge

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Springfield Apartments

Hunters Ridge
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.

MAA Glen Allen

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Metropolis Apartments

Innslake Place

Wellesley Terrace At Short Pump

Wilde Lake Apartments

The Crossings at Short Pump

Reflections of West Creek

MAA West Creek

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The Madison Apartments
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.

MAA Hunton Park

Ashland Crossing

Trails at Short Pump Apartments

Abberly Twin Hickory Apartment Homes

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Marshall Springs at Gayton West

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Triton Glen

Misty Pines Apartments

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Addison at Wyndham

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The Carriage Homes at Wyndham
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Innsbrook Square

Flats at West Broad Village

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3500 West View

3 Notch'd Flats

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Avia Luxury Apartments

1921 Wigglesworth Rd

1921 Wigglesworth Rd

2316 Horsley Dr

Ashland Woods
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.

4320 Bon Secours Pkwy

5633 Lake Sharon Dr

4666 Twin Hickory Lake Dr

5904 Chapel Lawn Terrace

11347 Abbots Cross Ln

1529 Olde Sage Ct

65 Hopeful Church Ln

104 Geese Landing

11606 Vicars Ridge Ln
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.

9515 Mesquite Rd

4407 Glasgow Rd

10107 Hearthrock Ct

13031 Fairway Ln
Montpelier, VA Local Guide

How much does it cost to rent an apartment in Montpelier?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Montpelier Studio Apartments | $1,467 | $1,195 | $1,618 |
| Montpelier 1 Bedroom Apartments | $1,712 | $1,170 | $3,393 |
| Montpelier 2 Bedroom Apartments | $2,165 | $1,200 | $5,067 |
| Montpelier 3 Bedroom Apartments | $2,497 | $1,710 | $3,930 |
Browse Top Apartments in Montpelier
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Montpelier, VA Local Guide
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Cheapest Available Montpelier Apartments for Rent and Nearby
 The cheapest available apartment rental in Montpelier, VA is a 1 Bed unit found at Champions Club in the Turnberry neighborhood priced from $1,289. Ashland Woods in the Hanover County neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,292. Here is today’s list of the most affordable Montpelier apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Champions Club | The Greenbriar | 1BR,1BA | $1,289 |
| Ashland Woods | 2 Bedroom 1.5 Bath Townhouse | 2BR,1BA | $1,292 |
| Oakbrook Apartments | 1x1 | 1BR,1BA | $1,330 |
| Breckenridge | Breckenridge | 1BR,1BA | $1,350 |
| Springfield Apartments | Willow | 1BR,1BA | $1,384 |
| Hunters Ridge | Ridge | 2BR,1BA | $1,400 |
| Oaks at Gayton | The York | 1BR,1BA | $1,400 |
| MAA Glen Allen | 11A | 1BR,1BA | $1,403 |
| Metropolis Apartments | S1 | Studio,1BA | $1,404 |
| Wellesley Terrace At Short Pump | Austin | 1BR,1BA | $1,415 |
Best Value Apartments for Rent in Montpelier, VA and Nearby
As of July 02, 2026 the best value apartment in the Montpelier area is the $1.49 price per square foot Hilltop Model at Hunters Ridge in the in the Chippenham Village neighborhood starting from $1,700. The second greatest value Montpelier apartment is the Wythe Model at Marshall Springs at Gayton West starting at $1,867 with a $1.81 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. |
|---|---|---|---|
| Hunters Ridge | Hilltop | 3BR,1.5BA | $1.49 |
| Marshall Springs at Gayton West | Wythe | 2BR,2BA | $1.81 |
| Reflections of West Creek | 2BR | 2BR,2BA | $1.72 |
| Ashland Woods | 2 Bedroom 1.5 Bath Townhouse | 2BR,1.5BA | $1.44 |
| Ashland Towne Square | 2 Bed 1.5 Bath | 2BR,1.5BA | $1.92 |
| MAA Hunton Park | Calverton | 1BR,1BA | $1.85 |
| Wilde Lake Apartments | Admiral | 1BR,1BA | $1.86 |
| Springfield Apartments | Willow | 1BR,1BA | $1.84 |
| Oaks at Gayton | The York | 1BR,1BA | $1.94 |
| Champions Club | The Greenbriar | 1BR,1BA | $1.92 |
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.
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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, VA Rentals by Map
See the most popular apartments and homes in Montpelier, VA
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 $1,289 at Champions Club.
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 $1,292 at Ashland Woods.
What is the most affordable Montpelier Three Bedroom Apartment?
The best deal on a cheap Montpelier Three Bedroom Apartment rental is at Ashland Woods and starts from $1,457.
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.