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$351 - $1,0001 to 3 Bedroom Apartments Available Now
Historic Walnut Square
200 S 6th StTerre Haute, IN 47807
Cheap Apartments for Rent in Montrose, IL from $300 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in Montrose.
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$421 - $1,1701 to 2 Bedroom Apartments Available Now
RESERVE AT LAKEVIEW
1035 S Main StDecatur, IL 62521
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$505 - $1,5153 Bedroom Apartments Available Now
The Millennium Apartments
1305 4th StCharleston, IL 61920
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$528 - $1,3221 to 4 Bedroom Apartments Available Now
Arbors at Honey Creek
200 W Wheeler AveTerre Haute, IN 47802
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$534 - $1,6523 Bedroom Apartments Available Now
Sullivan Downtown Townhomes
833 E Davis StSullivan, IN 47882
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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$550Studio Apartments Contact Us For Availability
Springhill Apartments
1516 E Springhill DrTerre Haute, IN 47802
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$5501 Bedroom Apartments Contact Us For Availability
6th St Apartments
1132-1142 6th StCharleston, IL 61920
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$585 - $1,1702 Bedroom Apartments Available Aug 15
Melrose and Brooklyn Heights Apartments
950 4th StCharleston, IL 61920
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$660 - $1,006Studio to 2 Bedroom Apartments Available Sep 14
Timber Cove
1707 S Country Club RdDecatur, IL 62521
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Rent Specials
$675 - $1,0101 to 2 Bedroom Apartments Available Now
Highland Terrace
4301 S 6th StTerre Haute, IN 47802
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$699 - $1,350Studio to 4 Bedroom Apartments Available Now
Willow Crossings
1200 Elmwood DrTerre Haute, IN 47802
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The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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1228 E Dawn Dr
Terre HauteIN47802
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
500 S 5th St
Terre HauteIN47807
830 E Rogers Ave
DecaturIL62521
14 N Central Ave
CaseyIL62420
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Montrose, IL Local Guide
Tall grass in the clouds by Tom Shockey is licensed under CC BY 2.0
How much does it cost to rent an apartment in Montrose?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Montrose Studio Apartments | $702 | $550 | $870 |
| Montrose 1 Bedroom Apartments | $882 | $351 | $1,210 |
| Montrose 2 Bedroom Apartments | $1,069 | $569 | $1,920 |
| Montrose 3 Bedroom Apartments | $1,292 | $534 | $2,181 |
| Montrose 4 Bedroom Apartments | $1,362 | $514 | $2,510 |
Browse Top Apartments in Montrose
See all Apartments in MontroseExplore Montrose
Montrose, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
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Cheapest Available Montrose Apartments for Rent and Nearby
The cheapest available apartment rental in Montrose, IL is a 2 Beds unit found at Historic Walnut Square in the Downtown Terre Haute neighborhood priced from $417. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Historic Walnut Square | Two Bedroom | 2BR,1BA | $417 |
| RESERVE AT LAKEVIEW | One Bedroom One Bathroom | 1BR,1BA | $421 |
| Rider Place | 1 Bedroom | 1BR,1BA | $500 |
| The Millennium Apartments | 3 Bedroom | 3BR,1BA | $505 |
| Sullivan Downtown Townhomes | 3 Bed 2.5 Bath Duplex | 3BR,2BA | $534 |
Best Value Apartments for Rent in Montrose, IL and Nearby
As of July 28, 2025 the best value apartment in the Montrose area is the $1.16 price per square foot Single Family Home Model at Sullivan Downtown Townhomes in the starting from $1,598. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sullivan Downtown Townhomes | Single Family Home | 3BR,2.5BA | $1.16 |
| The Millennium Apartments | 3 Bedroom | 3BR,1BA | $0.41 |
| Arbors at Honey Creek | 2x2 | 2BR,2BA | $0.57 |
| Panther Heights | 2 Bed 2 Bath | 2BR,2BA | $1.20 |
| Park Place | 1639, 3 bed | 3BR,1BA | $1.15 |
| ANTHONY SQUARE SENIOR LIVING | 2 Bed 1 Bath | 2BR,1BA | $1.00 |
| The Annex of Terre Haute | 2 bed 2 Bath A | 2BR,2BA | $0.71 |
| Historic Walnut Square | Two Bedroom | 2BR,1BA | $0.51 |
| RESERVE AT LAKEVIEW | One Bedroom One Bathroom | 1BR,1BA | $0.69 |
| Rider Place | 1 Bedroom | 1BR,1BA | $0.92 |
Quick Rent Budget Calculator
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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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See the most popular apartments and homes in Montrose, IL
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 $417 at Historic Walnut Square.
What is the most affordable Montrose Three Bedroom Apartment?
The best deal on a cheap Montrose Three Bedroom Apartment rental is at Historic Walnut Square and starts from $479.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.