Cheap Apartments for Rent in Montreal, MO from $500 (38 Rentals)

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Search the lowest-cost Apartments available for rent right now in Montreal.

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.

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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.

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Wyota Commons
Studio Apartments

Wyota Commons

1221 Millcreek RdLebanon, MO 65536
  • Utilities Included
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Montauk Studios
Studio Apartments

Montauk Studios

209 S Highway 63Licking, MO 65542
  • Utilities Included
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Osage Commons
Studio to 1 Bedroom Apartments

Osage Commons

14175 Highway ZSt. Robert, MO 65584
  • Utilities Included

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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405 N Olive St
1 Bedroom Apartments

405 N Olive St

405 N Olive StRolla, MO 65401
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The Willows
Studio to 3 Bedroom Apartments

The Willows

413 Doxey StStrafford, MO 65757
  • Utilities Included

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.

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Showing Results 1-38, Page 1 of 1

Montreal, MO Local Guide

Cheapest Available Montreal Apartments for Rent and Nearby

 

The cheapest available apartment rental in Montreal, MO is a 1 Bed unit found at Schrimpf Management priced from $550. Wyota Commons West has the second lowest priced unit, which is a Studio apartment currently listed from $550. Here is today’s list of the most affordable Montreal apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Schrimpf Management1 Bedroom Apartments1BR,1BA$550
Wyota Commons WestStudiosStudio,1BA$550
217 Twin Ridge RdA Layout1BR,1BA$625
The Lodges at RollaRent By The Room Spring/Fall 20261BR,1BA$650
The Greens at SpringfieldClassic1BR,1BA$755
Southern Hills Town Houses and ApartmentsTwo Bedroom, Two Bath Townhome with Living Room...2BR,2BA$900
deVille I Properties LLC2 bedroom 2 bathroom2BR,2BA$910
Rolla Senior ApartmentsOne-Bedroom1BR,1BA$958
Fulbright Heights1 Bed A Ground Floor1BR,1BA$1,025
Preserve at Sycamore CreekBagnell1BR,1BA$1,215

Best Value Apartments for Rent in Montreal, MO and Nearby

As of June 13, 2026 the best value apartment in the Montreal area is the $0.97 price per square foot 3x2 Model at Summit Park in the starting from $1,595. The second greatest value Montreal apartment is the 2 Bedroom Townhome Model at deVille I Properties LLC starting at $1,210 with a $0.82 price per square foot . Here is today’s list of the best values for Montreal apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Summit Park3x23BR,2BA$0.97
deVille I Properties LLC2 Bedroom Townhome2BR,1.5BA$0.82
The Lodges at RollaRent By The Room Spring/Fall 20261BR,1BA$0.46
Southern Hills Town Houses and ApartmentsTwo Bedroom, Two Bath Townhome with Living Room...2BR,2BA$0.69
Liberty Park ApartmentsThree Bedroom Two Bath3BR,2BA$1.10
Schrimpf Management1 Bedroom Apartments1BR,1BA$0.58
Preserve at Sycamore CreekBagnell1BR,1BA$1.70
The Greens at SpringfieldClassic Deluxe IV (Phase II)1BR,1BA$1.53
217 Twin Ridge RdA Layout1BR,1BA$1.25
Wyota Commons WestStudiosStudio ,1BA$1.22

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.

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Real 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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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Montreal, MO Rentals by Map

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Frequently Asked Questions about Cheap Montreal Apartments

How much is rent for a Cheap One Bedroom Montreal Apartment?

The lowest price for a Cheap One Bedroom Montreal Apartment is $550 at Schrimpf Management.

What is the lowest price for a Cheap Two Bedroom Montreal Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Montreal is starting from $595 at Schrimpf Management.

What is the most affordable Montreal Three Bedroom Apartment?

The best deal on a cheap Montreal Three Bedroom Apartment rental is at Schrimpf Management and starts from $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

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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.

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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.