
Cheap Apartments for Rent in Montrose, CO from $400 (34 Rentals)
Search the lowest-cost Apartments available for rent right now in Montrose.


Sunshine Peak

Montrose Apartments

Pinon Way Apartments

Cimarron Village

Woodgate Trails

Northbrook Villas

Rendezvous Apartments
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.

11524 Lakeview Dr

1023 Teller Ave

Aster Place

333 North Ave

760 Colorado Ave

496-32 1/8 32 1/8 Rd

496-32 1/8 32 1/8 Rd

862 Iowa Ave
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.

1102 Belford Ave

1102 Belford Ave

101-107 W Bridge St

426 N 9th St

424 N 9th St

869 Iowa Ave

The Junction

1311 N 16th St
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.

1311 N 16th St

SLICK ROCK APARTMENTS

322 Chipeta Ave

322 Chipeta Ave

Total Monthly Price
The Railyard at Rimrock

1074 Cedar Way

3245 Downey Ct

3068 D Rd
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.

1741 Ouray Ave

1741 Ouray Ave

930 Iowa Ave

Summit View Flats

494 Coronado Way

494 Coronado Way

493 Coronado Way

493 Coronado Way
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.

963 Iowa Ave
Montrose, CO Local Guide

How much does it cost to rent an apartment in Montrose?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Montrose Studio Apartments | $1,980 | $1,385 | $3,483 |
| Montrose 1 Bedroom Apartments | $3,987 | $856 | $10,000+ |
| Montrose 2 Bedroom Apartments | $6,833 | $800 | $10,000+ |
| Montrose 3 Bedroom Apartments | $4,955 | $1,187 | $10,000+ |
| Montrose 4 Bedroom Apartments | $9,148 | $1,950 | $10,000+ |
Browse Top Apartments in Montrose
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Montrose, CO Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Aster Place | One Bedroom - 40% AMI | 1BR,1BA | $856 |
| SLICK ROCK APARTMENTS | 2BR/1.0BA | 2BR,1BA | $1,425 |
| Peppermill Lofts | 2x1 900 SF | 2BR,1BA | $1,609 |
| Copper Village Apartments | The Bookcliff | 1BR,1BA | $1,650 |
| The Landing on Horizon | The Napa | 1BR,1BA | $1,683 |
| The Slate on 25 | Napa | 1BR,1BA | $1,683 |
| The Junction | Monument- 1 BR/1BA | 1BR,1BA | $1,690 |
| Rya Suites | 2A | 2BR,2BA | $1,949 |
| The Railyard at Rimrock | The Riverside - two bedroom two bath | 2BR,2BA | $1,970 |
| Basecamp | Two Bedroom | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Pomona Park Townhomes | End Unit | 3BR,2.5BA | $1.64 |
| Rya Suites | 2A | 2BR,2BA | $1.55 |
| The Railyard at Rimrock | The Riverside - two bedroom two bath | 2BR,2BA | $1.78 |
| Basecamp | Two Bedroom | 2BR,2BA | $2.10 |
| Peppermill Lofts | 2x1 895 | 2BR,1BA | $1.80 |
| SLICK ROCK APARTMENTS | 2BR/1.0BA | 2BR,1BA | $1.70 |
| Aster Place | One Bedroom - 40% AMI | 1BR,1BA | $1.07 |
| Copper Village Apartments | The Bookcliff | 1BR,1BA | $2.11 |
| The Landing on Horizon | The Napa | 1BR,1BA | $2.24 |
| The Slate on 25 | Napa | 1BR,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.
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.
Best Local Schools in Montrose, CO
Cottonwood Elementary School
Montrose High School
Centennial Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Montrose, CO Rentals by Map
See the most popular apartments and homes in Montrose, CO
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

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.

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.