Cheap Apartments for Rent in Montrose, IL from $300 (24 Rentals)

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

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Highland
1 to 3 Bedroom Apartments

Highland

1526 Edgar DrCharleston, IL 61920
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Historic Walnut Square
1 to 3 Bedroom Apartments

Historic Walnut Square

200 S 6th StTerre Haute, IN 47807
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Sugar Creek Crossing
1 to 2 Bedroom Apartments

Sugar Creek Crossing

211 Joanie LnRobinson, IL 62454
Senior Living
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Newton Senior Housing
1 to 2 Bedroom Apartments

Newton Senior Housing

201 Eaton StNewton, IL 62448
Senior Living
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Showing Results 1-24, Page 1 of 1

Montrose, IL Local Guide

Cheapest Available Montrose Apartments for Rent and Nearby

 

The cheapest available apartment rental in Montrose, IL is a 2 Beds unit found at Capitol Pointe priced from $400. RESERVE AT LAKEVIEW has the second lowest priced unit, which is a 1 Bed apartment currently listed from $421. Here is today’s list of the most affordable Montrose apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Capitol Pointe2 Beds, 1 bath2BR,1BA$400
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$421
Rider Place1 Bedroom1BR,1BA$500
The Millennium Apartments3 Bedroom3BR,1BA$505
Melrose and Brooklyn Heights Apartments2 Bed 1 Bath2BR,1BA$585

Best Value Apartments for Rent in Montrose, IL and Nearby

As of November 15, 2025 the best value apartment in the Montrose area is the $0.91 price per square foot 4x2 Model at Arbors at Honey Creek in the in the Downtown Terre Haute neighborhood starting from $1,322. The second greatest value Montrose apartment is the 3 Bedroom Model at The Millennium Apartments starting at $505 with a $0.41 price per square foot . 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.
Arbors at Honey Creek4x24BR,2BA$0.91
The Millennium Apartments3 Bedroom3BR,1BA$0.41
Royal HeightsRoyal Heights 2 Bed w/ Study & 1.5 Bath3BR,1.5BA$0.95
509 Charleston Ave2 Bed 1 Bath2BR,1BA$0.91
ANTHONY SQUARE SENIOR LIVING2 Bed 1 Bath2BR,1BA$0.94
Capitol Pointe2 Beds, 1 bath2BR,1BA$0.52
Arthur Ave Apartments1x11BR,1BA$0.97
Springhill Apartments1 Bedroom1BR,1BA$1.18
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$0.69
Rider Place1 Bedroom1BR,1BA$0.92

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Getting Around Montrose, IL

Walk Score®

5 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

26 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $421 at RESERVE AT LAKEVIEW.

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 $400 at Capitol Pointe.

What is the most affordable Montrose Three Bedroom Apartment?

The best deal on a cheap Montrose Three Bedroom Apartment rental is at Capitol Pointe and starts from $490.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.