
Cheap Apartments for Rent in Montrose, SD from $300 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in Montrose.


Jefferson Reserve Apartments

41st Street Commons

Hillcrest Heights Apartments

623 S Prairie Ave

407 N Covell Ave

203 S Covell Ave

1301 John Deere Cir
Montrose, SD Local Guide

How much does it cost to rent an apartment in Montrose?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Montrose Studio Apartments | $905 | $810 | $1,195 |
| Montrose 1 Bedroom Apartments | $928 | $745 | $2,162 |
| Montrose 2 Bedroom Apartments | $1,271 | $820 | $2,677 |
| Montrose 3 Bedroom Apartments | $1,615 | $399 | $2,742 |
| Montrose 4 Bedroom Apartments | $1,096 | $1,096 | $1,096 |
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Montrose, SD Local Guide
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Cheapest Available Montrose Apartments for Rent and Nearby
 The cheapest available apartment rental in Montrose, SD is a 1 Bed unit found at Forty One Flats priced from $510. Jefferson Reserve Apartments in the Northwest Sioux Falls neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $745. Here is today’s list of the most affordable Montrose apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Forty One Flats | 1 Bedroom 1 Bathroom | 1BR,1BA | $510 |
| Jefferson Reserve Apartments | 1 Bedroom 1 Bathroom Apartment | 1BR,1BA | $745 |
| Hillcrest Heights Apartments | 1 Bedroom 1 Bathroom Apartment | 1BR,1BA | $797 |
| Aspen Commons | Studio | Studio,1BA | $810 |
| Sunset Villas Apartments | 2 Bed 1 Bath Apartment | 2BR,1BA | $820 |
Best Value Apartments for Rent in Montrose, SD and Nearby
As of November 13, 2025 the best value apartment in the Montrose area is the $0.95 price per square foot 3 Bedroom 2.5 Bathroom Townhome Model at Pinnacle Townhomes in the in the Northwest Sioux Falls neighborhood starting from $1,755. The second greatest value Montrose apartment is the 3 Bedroom Model at Lake Area Townhomes starting at $1,580 with a $1.02 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. |
|---|---|---|---|
| Pinnacle Townhomes | 3 Bedroom 2.5 Bathroom Townhome | 3BR,2.5BA | $0.95 |
| Lake Area Townhomes | 3 Bedroom | 3BR,2.5BA | $1.02 |
| Fifth Street Apartments & Townhouses | Upper Apartment | 3BR,2BA | $1.20 |
| Falls Park Apartments | Rushmore | 3BR,2BA | $0.88 |
| Stoney Creek Townhomes | 3 Bedroom 1.5 Bathroom | 3BR,1.5BA | $1.06 |
| West Briar | 2 Bedroom 1 Bath | 2BR,1BA | $0.87 |
| Thelin Center | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.19 |
| Marion Crossing Apartments | 1 Bed 1 Bath Apartment | 1BR,1BA | $1.14 |
| Hillcrest Heights Apartments | 1 Bedroom 1 Bathroom Apartment | 1BR,1BA | $1.21 |
| Forty One Flats | 1 Bedroom 1 Bathroom | 1BR,1BA | $0.85 |
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Getting Around Montrose, SD
Walk Score®
3 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
33 / 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
What is the Cheapest Studio apartment in Montrose?
Currently the most affordable Cheap Studio Apartment in Montrose is at Aspen Commons listed at $810.
How much is rent for a Cheap One Bedroom Montrose Apartment?
The lowest price for a Cheap One Bedroom Montrose Apartment is $510 at Forty One Flats.
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 $612 at Forty One Flats.
What is the most affordable Montrose Three Bedroom Apartment?
The best deal on a cheap Montrose Three Bedroom Apartment rental is at Falls Park Apartments and starts from $1,018.
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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

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.


