
Cheap Apartments for Rent near Montrose, MN from $675 (47 Rentals)
Search the lowest-cost Apartments available for rent right now in Montrose.


Hidden Cove Apartments

Pintail Ponds Apartment Homes

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Solace on Lake Minnetonka

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Lone Oak Apartments

Westwind Apartments

Evergreen Square Apartments

Riverwalk Apartments

Bayview 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.

Shoreline Place

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The Bluffs

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Maple Tree Villa Apartments

Minnetonka Edgewater Apartments and Boat Slips

The Willows of Annandale

Lakecrest Village

Langdon Lake Apartments

Total Monthly Price
Dockside Apartments & Boat Slips - Lake Minnetonka

Bedford Apartments
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.

Prairie Village

Village at Town Center - St. Michael

Cottages of Annandale - 55+ Community

Deephaven Apartments

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The Preserve at Pintail Ponds

Savanna Vista

Harbor District Apartments

Winsted Fields Apartments

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The Uptown Apartments
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.

The Crossings at Willems Way

Kingston Crossings

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Monticello Crossings

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The Otto

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The Dylan Apartments

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Juniper

Country Club Villas

Linden Wood Apartments

Bryant Wood Apartments
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.

9080 County Road 50

Deer Run Apartments

Lake Point South Apartments

Vista Ridge

604 White St SW

3rd Ave Apartments

8551 Elm St

530 6th St NW

116 Rockford Ave E
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.

32 E Lake St

4040 N Shore Dr
Montrose, MN Local Guide

How much does it cost to rent an apartment in Montrose?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Montrose Studio Apartments | $1,270 | $1,050 | $1,551 |
| Montrose 1 Bedroom Apartments | $1,552 | $675 | $2,563 |
| Montrose 2 Bedroom Apartments | $1,877 | $795 | $3,273 |
| Montrose 3 Bedroom Apartments | $2,097 | $1,230 | $3,890 |
Browse Top Apartments in Montrose
See all Apartments in MontroseExplore Montrose
Montrose, MN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Howard Lake Apartments | 2 Bed | 2BR,1BA | $795 |
| Solace on Lake Minnetonka | Harrison | 1BR,1BA | $1,061 |
| Riverwalk Apartments | 1 bedroom 1 bath | 1BR,1BA | $1,100 |
| Evergreen Square Apartments | 1 bedroom 1 bath | 1BR,1BA | $1,100 |
| Lakecrest Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,199 |
| Langdon Lake Apartments | 2 BR/1 BA | 2BR,1BA | $1,200 |
| Dockside Apartments & Boat Slips - Lake Minnetonka | The Marina | 1BR,1BA | $1,220 |
| The Bluffs | 2 Bedroom | 2BR,1BA | $1,314 |
| Deephaven Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,330 |
| The Willows of Annandale | 1 Bedroom 1 Bathroom | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Bedford Apartments | 3 BR/2 BA fmr | 3BR,2BA | $1.66 |
| Pintail Ponds Apartment Homes | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.52 |
| Minnetonka Edgewater Apartments and Boat Slips | The Steamboat | 2BR,1BA | $1.69 |
| The Bluffs | 2 Bedroom | 2BR,1BA | $1.38 |
| Riverwalk Apartments | 2 bedroom remodel | 2BR,1BA | $1.44 |
| Langdon Lake Apartments | 1 BR/1 BA | 1BR,1BA | $1.36 |
| Deephaven Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.58 |
| Howard Lake Apartments | 2 Bed | 2BR,1BA | $0.95 |
| Evergreen Square Apartments | 1 bedroom 1 bath | 1BR,1BA | $1.38 |
| Lakecrest Village | 1 Bedroom 1 Bathroom | 1BR,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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Montrose, MN Rentals by Map
See the most popular apartments and homes in Montrose, MN
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

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.

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.

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.

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.