Cheap Apartments for Rent in Montrose, SD from $300 (11 Rentals)

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Forty One Flats
1 to 4 Bedroom Apartments

Forty One Flats

8701 W 41st StSioux Falls, SD 57106

Montrose, SD Local Guide

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 ListingModel NameBed/BathPriced From
Forty One Flats1 Bedroom 1 Bathroom1BR,1BA$510
Jefferson Reserve Apartments1 Bedroom 1 Bathroom Apartment1BR,1BA$745
Hillcrest Heights Apartments1 Bedroom 1 Bathroom Apartment1BR,1BA$797
Aspen CommonsStudioStudio,1BA$810
Sunset Villas Apartments2 Bed 1 Bath Apartment2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Pinnacle Townhomes3 Bedroom 2.5 Bathroom Townhome3BR,2.5BA$0.95
Lake Area Townhomes3 Bedroom3BR,2.5BA$1.02
Fifth Street Apartments & TownhousesUpper Apartment3BR,2BA$1.20
Falls Park ApartmentsRushmore3BR,2BA$0.88
Stoney Creek Townhomes3 Bedroom 1.5 Bathroom3BR,1.5BA$1.06
West Briar2 Bedroom 1 Bath2BR,1BA$0.87
Thelin Center2 Bedroom 2 Bathroom2BR,2BA$1.19
Marion Crossing Apartments1 Bed 1 Bath Apartment1BR,1BA$1.14
Hillcrest Heights Apartments1 Bedroom 1 Bathroom Apartment1BR,1BA$1.21
Forty One Flats1 Bedroom 1 Bathroom1BR,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

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.

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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.