
Cheap Apartments for Rent near Montpelier, VA from $900 (50 Rentals)
Search the lowest-cost Apartments available for rent right now in Montpelier.


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Champions Club

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Oakbrook Apartments

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Metropolis Apartments

Oaks at Gayton

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Kings Grant Apartments 55+

Wellesley Terrace At Short Pump

MAA West End

Misty Pines Apartments

The Crossings at Short Pump
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.

Hunters Ridge

Reflections of West Creek

Innslake Place

Ashland Towne Square

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Wilde Lake Apartments

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Springfield Apartments

Breckenridge

MAA Glen Allen

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Addison at Wyndham

Trails at Short Pump Apartments
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.

Ashland Crossing

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Marshall Springs at Gayton West

MAA Hunton Park

Abberly Twin Hickory Apartment Homes

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The Madison Apartments

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Triton Glen

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Innsbrook Square

MAA West Creek

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The Carriage Homes at Wyndham

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Avia Luxury Apartments
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.

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Flats at West Broad Village

3 Notch'd Flats

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3500 West View

1411 Holly Grove Dr

Ashland Woods

304 S Center St

5633 Lake Sharon Dr

4215 Saunders Tavern Trl

4419 Fort Mchenry Pkwy

12003 Shore View Dr
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.

8915 Castle Point Dr

11359 Abbots Cross Ln

4315 Broad Hill Dr

4666 Twin Hickory Lake Dr

13031 Fairway Ln

11420 Avery Green Ct

15358 Binns Rd

11465 Abbots Cross Ln

4407 Glasgow Rd

10107 Hearthrock Ct
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.
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 | $1,473 | $1,195 | $1,604 |
| Montpelier 1 Bedroom Apartments | $1,675 | $900 | $3,657 |
| Montpelier 2 Bedroom Apartments | $2,133 | $1,480 | $5,198 |
| Montpelier 3 Bedroom Apartments | $2,578 | $1,790 | $4,346 |
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 Bedroom For Rent in Quiet Neighborhood in the Hanover County neighborhood priced from $900. Oakbrook Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,195. Here is today’s list of the most affordable Montpelier apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bedroom For Rent in Quiet Neighborhood | Bedroom for Rent | 1BR,1BA | $900 |
| Oakbrook Apartments | Studio | Studio,1BA | $1,195 |
| Ashland Woods | 2 Bedroom 1.5 Bath Townhouse | 2BR,1BA | $1,292 |
| Metropolis Apartments | S2 | Studio,1BA | $1,294 |
| Wellesley Terrace At Short Pump | Bentley | 1BR,1BA | $1,315 |
| Misty Pines Apartments | 1B 1B | 1BR,1BA | $1,375 |
| The Crossings at Short Pump | Tuckahoe | 1BR,1BA | $1,375 |
| Hunters Ridge | Ridge | 2BR,1BA | $1,380 |
| Reflections of West Creek | 1BR | 1BR,1BA | $1,399 |
| Oaks at Gayton | The York | 1BR,1BA | $1,400 |
Best Value Apartments for Rent in Montpelier, VA and Nearby
As of August 16, 2026 the best value apartment in the Montpelier area is the $1.82 price per square foot Washington Model at Marshall Springs at Gayton West in the starting from $2,356. The second greatest value Montpelier apartment is the Hilltop Model at Hunters Ridge starting at $1,690 with a $1.49 price per square foot in the Chippenham Village neighborhood. 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. |
|---|---|---|---|
| Marshall Springs at Gayton West | Washington | 3BR,2BA | $1.82 |
| Hunters Ridge | Hilltop | 3BR,1.5BA | $1.49 |
| MAA West Creek | Lafeyette | 2BR,2BA | $1.83 |
| MAA Hunton Park | Devon | 1BR,1BA | $1.55 |
| Ashland Woods | 2 Bedroom 1.5 Bath Townhouse | 2BR,1.5BA | $1.44 |
| Reflections of West Creek | 1BR | 1BR,1BA | $1.75 |
| Abberly Twin Hickory Apartment Homes | Orchard | 1BR,1BA | $2.04 |
| Wilde Lake Apartments | Admiral | 1BR,1BA | $1.87 |
| Oaks at Gayton | The York | 1BR,1BA | $1.94 |
| The Crossings at Short Pump | Tuckahoe | 1BR,1BA | $1.95 |
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, VA Rentals by Map
See the most popular apartments and homes in Montpelier, VA
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 Oakbrook Apartments listed at $1,195.
How much is rent for a Cheap One Bedroom Montpelier Apartment?
The lowest price for a Cheap One Bedroom Montpelier Apartment is $900 at Bedroom For Rent in Quiet Neighborhood.
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

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.

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.

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.