Cheap Apartments for Rent near Montrose, SD from $645 (38 Rentals)

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

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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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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Forty One Flats
1 to 4 Bedroom Apartments

Forty One Flats

8701 W 41st StSioux Falls, SD 57106
property at 440 S Western Ave
$750 - $775
1 Bedroom Rentals
Available Now
Cost Per Sq.Ft.

440 S Western Ave

Sioux FallsSD57104
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Maple Park
2 Bedroom Apartments

Maple Park

2601 N Maple LnSioux Falls, SD 57107
Corporate Housing

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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Montrose, SD Local Guide

Cheapest Available Montrose Apartments for Rent and Nearby

 

The cheapest available apartment rental in Montrose, SD is a 2 Beds unit found at Forty One Flats priced from $612. Egan Avenue Residence has the second lowest priced unit, which is a 1 Bed apartment currently listed from $645. Here is today’s list of the most affordable Montrose apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Forty One Flats2 Bedroom 1 Bathroom2BR,2BA$612
Egan Avenue ResidenceBedroom C1BR,1BA$645
Crooks Reserve1 Bedroom 1 Bathroom Apartment1BR,1BA$770
Aspen CommonsStudioStudio,1BA$800
Sunset Villas Apartments1 Bed 1 Bath Apartment1BR,1BA$840
Lake Area Townhomes1 Bedroom1BR,1BA$855
Hillcrest Heights Apartments1 Bedroom 1 Bathroom Apartment1BR,1BA$875
University Hills VillageK# Unit - Studio/1 BA - Non-SmokingStudio,1BA$875
Silos at Ellis CrossingApartment Style- 1 Bedroom 1 Bathroom1BR,1BA$900
Northridge Estates/Perfect LocationOne Bedroom/No pets1BR,1BA$900

Best Value Apartments for Rent in Montrose, SD and Nearby

As of September 08, 2026 the best value apartment in the Montrose area is the $1.19 price per square foot 3 Bedroom 2.5 Bathroom Townhome Model at Pinnacle Townhomes in the in the Northwest Sioux Falls neighborhood starting from $2,195. The second greatest value Montrose apartment is the Rent Special - 2 Bedroom, 2 Bath Townhomes Model at Maple Pass Apartments & Townhomes starting at $1,595 with a $1.25 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$1.19
Maple Pass Apartments & TownhomesRent Special - 2 Bedroom, 2 Bath Townhomes2BR,2BA$1.25
Lake Area Townhomes1 Bedroom1BR,1BA$0.72
Marion Crossing Apartments2 Bed 1 Bath Apartment2BR,1BA$1.02
Jefferson Reserve Apartments3 Bed 2 Bath Apartment3BR,2BA$1.15
Stoney Creek Townhomes3 Bedroom 1.5 Bathroom3BR,1.5BA$1.05
Thelin Center2 Bedroom 2 Bathroom2BR,2BA$1.22
Forty One Flats2 Bedroom 1 Bathroom2BR,2BA$0.77
Parkview Apartments and Townhomes2 bedroom apartment2BR,1BA$1.21
Northridge Estates/Perfect LocationOne Bedroom/No pets1BR,1BA$1.22

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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

What is the Cheapest Studio apartment in Montrose?

Currently the most affordable Cheap Studio Apartment in Montrose is at Crooks Reserve listed at $780.

How much is rent for a Cheap One Bedroom Montrose Apartment?

The lowest price for a Cheap One Bedroom Montrose Apartment is $645 at Egan Avenue Residence.

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 Stoney Creek Townhomes and starts from $1,145.

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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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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.

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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.