Cheap Apartments for Rent near Montrose, MN from $675 (47 Rentals)

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

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Solace on Lake Minnetonka
Rent Specials
$1,061 - $1,436
Total Monthly Price

Total Monthly Price

Base Rent
$1,050 - $1,425
Required Monthly Fees
$11

Total Monthly Price
$1,061 - $1,436
1 to 2 Bedroom Apartments Available Now

Solace on Lake Minnetonka

4601 Shoreline DrSpring Park, MN 55384
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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.

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The Bluffs
$1,120 - $1,523
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,105 - $1,508
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

The Bluffs

700 7th St EMonticello, MN 55362
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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.

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The Uptown Apartments
Rent Specials
$1,442 - $2,388
Total Monthly Price

Total Monthly Price

Base Rent
$1,434 - $2,380
Required Monthly Fees
$8

Total Monthly Price
$1,442 - $2,388
1 to 2 Bedroom Apartments Available Sep 8

The Uptown Apartments

233 S Olive StWaconia, MN 55387
Senior Living
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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.

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Monticello Crossings
$1,551 - $2,776
Total Monthly Price

Total Monthly Price

Base Rent
$1,540 - $2,765
Required Monthly Fees
$11

Total Monthly Price
$1,551 - $2,776
Studio to 3 Bedroom Apartments Available Aug 27

Monticello Crossings

2205 Meadow Oak AveMonticello, MN 55362
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The Otto
$1,583 - $2,393
Total Monthly Price

Total Monthly Price

Base Rent
$1,575 - $2,385
Required Monthly Fees
$8

Total Monthly Price
$1,583 - $2,393
1 to 2 Bedroom Apartments Available Now

The Otto

601 Industrial Blvd WWaconia, MN 55387
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The Dylan Apartments
$1,597 - $2,413
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,582 - $2,398
Required Monthly Fees
$15

Total Monthly Price
$1,597 - $2,413
1 to 3 Bedroom Apartments Available Now

The Dylan Apartments

11910 Town Center drSaint Michael, MN 55376
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Juniper
Rent Specials
$1,618 - $3,890
Total Monthly Price

Total Monthly Price

Base Rent
$1,595 - $3,867
Required Monthly Fees
$23

Total Monthly Price
$1,618 - $3,890
1 to 3 Bedroom Apartments Available Now

Juniper

4701 Kings Point RoadMinnetrista, MN 55331
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Linden Wood Apartments
1 to 2 Bedroom Apartments

Linden Wood Apartments

215 Linden Ave WWinsted, MN 55395
Senior Living
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Bryant Wood Apartments
1 to 2 Bedroom Apartments

Bryant Wood Apartments

5225 Bryantwood DrMaple Plain, MN 55359
  • Utilities Included

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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9080 County Road 50
Studio to 2 Bedroom Apartments

9080 County Road 50

9080 County Road 50Rockford, MN 55373
  • Utilities Included
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Deer Run Apartments
2 to 3 Bedroom Apartments

Deer Run Apartments

650 Shoreline DrHoward Lake, MN 55349
  • Utilities Included
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Vista Ridge
1 to 3 Bedroom Apartments

Vista Ridge

861 Vista BlvdWaconia, MN 55387
  • Utilities Included
property at 604 White St SW

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available Now

604 White St SW

WatertownMN55388
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3rd Ave Apartments
1 Bedroom Apartments

3rd Ave Apartments

1009 3rd Ave NEBuffalo, MN 55313
  • Utilities Included
property at 8551 Elm St

$1,475

Total Monthly Price

Total Monthly Price

Base Rent
$1,475

Total Monthly Price
$1,475

3 Bedroom, 1.5 Bath Townhome for Rent

Available Sep 10

8551 Elm St

RockfordMN55373
property at 530 6th St NW

$1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,650

Total Monthly Price
$1,650

4 Bedroom, 2 Bath Home for Rent

Available Now

530 6th St NW

Maple LakeMN55358
property at 116 Rockford Ave E

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750

Total Monthly Price
$1,750

2 Bedroom, 1 Bath Townhome for Rent

Available Now

116 Rockford Ave E

DelanoMN55328

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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32 E Lake St
2 Bedroom Apartments

32 E Lake St

32 E Lake StWaconia, MN 55387
  • Utilities Included
property at 4040 N Shore Dr

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

1 Bedroom, 1 Bath Home for Rent

Available Nov 1

4040 N Shore Dr

MoundMN55364

Montrose, MN Local Guide

Cheapest Available Montrose Apartments for Rent and Nearby

 

The cheapest available apartment rental in Montrose, MN is a 2 Beds unit found at Howard Lake Apartments in the Wright Far Western Suburbs neighborhood priced from $795. Solace on Lake Minnetonka in the Outlying Hennepin Far Western Suburbs neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,061. Here is today’s list of the most affordable Montrose apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Howard Lake Apartments2 Bed2BR,1BA$795
Solace on Lake MinnetonkaHarrison1BR,1BA$1,061
Riverwalk Apartments1 bedroom 1 bath1BR,1BA$1,100
Evergreen Square Apartments1 bedroom 1 bath1BR,1BA$1,100
Lakecrest Village1 Bedroom 1 Bathroom1BR,1BA$1,199
Langdon Lake Apartments2 BR/1 BA2BR,1BA$1,200
Dockside Apartments & Boat Slips - Lake MinnetonkaThe Marina1BR,1BA$1,220
The Bluffs2 Bedroom2BR,1BA$1,314
Deephaven Apartments1 Bedroom 1 Bathroom1BR,1BA$1,330
The Willows of Annandale1 Bedroom 1 Bathroom1BR,1BA$1,340

Best Value Apartments for Rent in Montrose, MN and Nearby

As of August 22, 2026 the best value apartment in the Montrose area is the $1.66 price per square foot 3 BR/2 BA fmr Model at Bedford Apartments in the in the Meadow Pond neighborhood starting from $1,815. The second greatest value Montrose apartment is the 2 Bedroom 2 Bathroom Model at Pintail Ponds Apartment Homes starting at $1,600 with a $1.52 price per square foot in the Clemens Munsinger Gardens 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.
Bedford Apartments3 BR/2 BA fmr3BR,2BA$1.66
Pintail Ponds Apartment Homes2 Bedroom 2 Bathroom2BR,2BA$1.52
Minnetonka Edgewater Apartments and Boat SlipsThe Steamboat2BR,1BA$1.69
The Bluffs2 Bedroom2BR,1BA$1.38
Riverwalk Apartments2 bedroom remodel2BR,1BA$1.44
Langdon Lake Apartments1 BR/1 BA1BR,1BA$1.36
Deephaven Apartments1 Bedroom 1 Bathroom1BR,1BA$1.58
Howard Lake Apartments2 Bed2BR,1BA$0.95
Evergreen Square Apartments1 bedroom 1 bath1BR,1BA$1.38
Lakecrest Village1 Bedroom 1 Bathroom1BR,1BA$1.64

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!

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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 $1,061 at Solace on Lake Minnetonka.

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 $795 at Howard Lake Apartments.

What is the most affordable Montrose Three Bedroom Apartment?

The best deal on a cheap Montrose Three Bedroom Apartment rental is at Bedford Apartments and starts from $1,650.

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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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.