Cheap Apartments for Rent in Montrose, CO from $400 (34 Rentals)

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

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Sunshine Peak
1 to 3 Bedroom Apartments

Sunshine Peak

748 Cedar Creek AveMontrose, CO 81401
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Cimarron Village
1 Bedroom Apartments

Cimarron Village

1811 Pavilion DrMontrose, CO 81401
Senior Living
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Woodgate Trails
1 to 2 Bedroom Apartments

Woodgate Trails

1700 Odelle RdMontrose, CO 81401
Senior Living
  • Utilities Included
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Northbrook Villas
2 to 3 Bedroom Apartments

Northbrook Villas

14747 Marine RdMontrose, CO 81403
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Rendezvous Apartments
1 to 2 Bedroom Apartments

Rendezvous Apartments

2366 Robins WayMontrose, CO 81401
Senior Living
  • Utilities Included

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.

property at 11524 Lakeview Dr

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

3 Bedroom, 2 Bath Home for Rent

Available Now

11524 Lakeview Dr

MontroseCO81403
property at 333 North Ave

$890

Total Monthly Price

Total Monthly Price

Base Rent
$890

Total Monthly Price
$890

1 Bedroom, 1 Bath Home for Rent

Available Now

333 North Ave

Grand JunctionCO81501
property at 760 Colorado Ave

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

1 Bedroom, 1 Bath Home for Rent

Available Now

760 Colorado Ave

Grand JunctionCO81501
property at 496-32 1/8 32 1/8 Rd

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,135
Required Monthly Fees
$15

Total Monthly Price
$1,150

2 Bedroom, 1 Bath Home for Rent

Available Now

496-32 1/8 32 1/8 Rd

CliftonCO81520
property at 496-32 1/8 32 1/8 Rd

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,135
Required Monthly Fees
$15

Total Monthly Price
$1,150

2 Bedroom, 1 Bath Home for Rent

Available Now

496-32 1/8 32 1/8 Rd

CliftonCO81520
property at 862 Iowa Ave

$1,275

Total Monthly Price

Total Monthly Price

Base Rent
$1,275

Total Monthly Price
$1,275

2 Bedroom, 1 Bath Home for Rent

Available Now

862 Iowa Ave

PalisadeCO81526

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.

property at 1102 Belford Ave

$1,280

Total Monthly Price

Total Monthly Price

Base Rent
$1,265
Required Monthly Fees
$15

Total Monthly Price
$1,280

2 Bedroom, 1 Bath Home for Rent

Available Now

1102 Belford Ave

Grand JunctionCO81501
property at 1102 Belford Ave

$1,280

Total Monthly Price

Total Monthly Price

Base Rent
$1,265
Required Monthly Fees
$15

Total Monthly Price
$1,280

2 Bedroom, 1 Bath Home for Rent

Available Now

1102 Belford Ave

Grand JunctionCO81501
property at 101-107 W Bridge St

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

2 Bedroom, 1 Bath Home for Rent

Available Now

101-107 W Bridge St

HotchkissCO81419
property at 426 N 9th St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

2 Bedroom, 1 Bath Home for Rent

Available Now

426 N 9th St

Grand JunctionCO81501
property at 424 N 9th St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

2 Bedroom, 1 Bath Home for Rent

Available Now

424 N 9th St

Grand JunctionCO81501
property at 869 Iowa Ave

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

2 Bedroom, 2 Bath Home for Rent

Available Now

869 Iowa Ave

PalisadeCO81526
property at 1311 N 16th St

$1,394

Total Monthly Price

Total Monthly Price

Base Rent
$1,350
Required Monthly Fees
$44

Total Monthly Price
$1,394

2 Bedroom, 1 Bath Home for Rent

Available Sep 10

1311 N 16th St

Grand JunctionCO81501

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.

property at 1311 N 16th St

$1,394

Total Monthly Price

Total Monthly Price

Base Rent
$1,350
Required Monthly Fees
$44

Total Monthly Price
$1,394

2 Bedroom, 1 Bath Home for Rent

Available Sep 10

1311 N 16th St

Grand JunctionCO81501
property at 322 Chipeta Ave

$1,444

Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Required Monthly Fees
$44

Total Monthly Price
$1,444

2 Bedroom, 1 Bath Home for Rent

Available Aug 26

322 Chipeta Ave

Grand JunctionCO81501
property at 322 Chipeta Ave

$1,444

Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Required Monthly Fees
$44

Total Monthly Price
$1,444

2 Bedroom, 1 Bath Home for Rent

Available Aug 26

322 Chipeta Ave

Grand JunctionCO81501
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The Railyard at Rimrock
Rent Specials
$1,460 - $2,345
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,345 - $2,230
Required Monthly Fees
$115

Total Monthly Price
$1,460 - $2,345
Studio to 3 Bedroom Apartments Available Now

The Railyard at Rimrock

800 Railyard LoopGrand Junction, CO 81505
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property at 3245 Downey Ct

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Condo for Rent

Available Now

3245 Downey Ct

CliftonCO81520
property at 3068 D Rd

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Condo for Rent

Available Now

3068 D Rd

Grand JunctionCO81504

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.

property at 1741 Ouray Ave

$1,239

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,200
Required Monthly Fees
$39

Total Monthly Price
$1,239

2 Bedroom, 1 Bath Townhome for Rent

Available Aug 10

1741 Ouray Ave

Grand JunctionCO81501
property at 1741 Ouray Ave

$1,239

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,200
Required Monthly Fees
$39

Total Monthly Price
$1,239

2 Bedroom, 1 Bath Townhome for Rent

Available Aug 10

1741 Ouray Ave

Grand JunctionCO81501
property at 930 Iowa Ave

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

3 Bedroom Rentals

Available Now

930 Iowa Ave

PalisadeCO81526
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Summit View Flats
1 to 2 Bedroom Apartments

Summit View Flats

306 Chipeta AveGrand Junction, CO 81501
property at 494 Coronado Way

$1,439

Total Monthly Price

Total Monthly Price

Base Rent
$1,395
Required Monthly Fees
$44

Total Monthly Price
$1,439

3 Bedroom, 2 Bath Condo for Rent

Available Now

494 Coronado Way

CliftonCO81520
property at 494 Coronado Way

$1,439

Total Monthly Price

Total Monthly Price

Base Rent
$1,395
Required Monthly Fees
$44

Total Monthly Price
$1,439

3 Bedroom, 2 Bath Condo for Rent

Available Now

494 Coronado Way

CliftonCO81520
property at 493 Coronado Way

$1,439

Total Monthly Price

Total Monthly Price

Base Rent
$1,395
Required Monthly Fees
$44

Total Monthly Price
$1,439

3 Bedroom, 2 Bath Condo for Rent

Available Now

493 Coronado Way

CliftonCO81520
property at 493 Coronado Way

$1,439

Total Monthly Price

Total Monthly Price

Base Rent
$1,395
Required Monthly Fees
$44

Total Monthly Price
$1,439

3 Bedroom, 2 Bath Condo for Rent

Available Now

493 Coronado Way

CliftonCO81520

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.

property at 963 Iowa Ave

$1,480

Total Monthly Price

Total Monthly Price

Base Rent
$1,480

Total Monthly Price
$1,480

3 Bedroom, 1 Bath Condo for Rent

Available Aug 1

963 Iowa Ave

PalisadeCO81526

Montrose, CO Local Guide

Cheapest Available Montrose Apartments for Rent and Nearby

 

The cheapest available apartment rental in Montrose, CO is a 1 Bed unit found at Aster Place priced from $856. SLICK ROCK APARTMENTS in the Appleton neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,425. Here is today’s list of the most affordable Montrose apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Aster PlaceOne Bedroom - 40% AMI1BR,1BA$856
SLICK ROCK APARTMENTS2BR/1.0BA2BR,1BA$1,425
Peppermill Lofts2x1 900 SF2BR,1BA$1,609
Copper Village ApartmentsThe Bookcliff1BR,1BA$1,650
The Landing on HorizonThe Napa1BR,1BA$1,683
The Slate on 25Napa1BR,1BA$1,683
The JunctionMonument- 1 BR/1BA1BR,1BA$1,690
Rya Suites2A2BR,2BA$1,949
The Railyard at RimrockThe Riverside - two bedroom two bath2BR,2BA$1,970
BasecampTwo Bedroom2BR,2BA$2,090

Best Value Apartments for Rent in Montrose, CO and Nearby

As of July 27, 2026 the best value apartment in the Montrose area is the $1.64 price per square foot End Unit Model at Pomona Park Townhomes in the in the Appleton neighborhood starting from $2,557. The second greatest value Montrose apartment is the 2A Model at Rya Suites starting at $1,949 with a $1.55 price per square foot in the Appleton neighborhood. Here is today’s list of the best values for Montrose apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Pomona Park TownhomesEnd Unit3BR,2.5BA$1.64
Rya Suites2A2BR,2BA$1.55
The Railyard at RimrockThe Riverside - two bedroom two bath2BR,2BA$1.78
BasecampTwo Bedroom2BR,2BA$2.10
Peppermill Lofts2x1 8952BR,1BA$1.80
SLICK ROCK APARTMENTS2BR/1.0BA2BR,1BA$1.70
Aster PlaceOne Bedroom - 40% AMI1BR,1BA$1.07
Copper Village ApartmentsThe Bookcliff1BR,1BA$2.11
The Landing on HorizonThe Napa1BR,1BA$2.24
The Slate on 25Napa1BR,1BA$2.24

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.

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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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Quick 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.

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

Explore Montrose, CO Rentals by Map

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Frequently Asked Questions about Cheap Montrose Apartments

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

The lowest price for a Cheap One Bedroom Montrose Apartment is $856 at Aster Place.

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

Today's best deal for a Cheap Two Bedroom Apartment in Montrose is starting from $1,027 at Aster Place.

What is the most affordable Montrose Three Bedroom Apartment?

The best deal on a cheap Montrose Three Bedroom Apartment rental is at Aster Place and starts from $1,187.

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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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.

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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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.