Cheap Apartments for Rent in Montrose, SD from $300 (24 Rentals)

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

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Forty One Flats
1 to 4 Bedroom Apartments

Forty One Flats

8701 W 41st StSioux Falls, SD 57106

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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 1 Bed unit found at 41st Street Commons priced from $770. Lake Area Townhomes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $820. Here is today’s list of the most affordable Montrose apartments for rent:

Apartment ListingModel NameBed/BathPriced From
41st Street CommonsFlat Style 1 Bed/1Bath1BR,1BA$770
Lake Area Townhomes1 Bedroom1BR,1BA$820
University Hills VillageStudio - 559 sqftStudio,1BA$825
West Oaks EstatesEfficiency UnitStudio,1BA$849
Yukon at BensonStudioStudio,1BA$875

Best Value Apartments for Rent in Montrose, SD and Nearby

As of September 11, 2025 the best value apartment in the Montrose area is the $0.96 price per square foot 3 Bedroom 2.5 Bathroom Townhome Model at Pinnacle Townhomes in the in the Northwest Sioux Falls neighborhood starting from $1,775. The second greatest value Montrose apartment is the 3 Bedroom Model at Lake Area Townhomes starting at $1,500 with a $0.97 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$0.96
Lake Area Townhomes3 Bedroom3BR,2.5BA$0.97
Maple Pass Apartments & Townhomes3 Bed 2 Bath Townhome3BR,2BA$1.14
Fifth Street Apartments & TownhousesUpper Apartment3BR,2BA$1.20
Falls Park ApartmentsRushmore3BR,2BA$0.87
West Briar2 Bedroom 1 Bath2BR,1BA$1.01
Sunset Villas Apartments2 Bed 2 Bath Apartment2BR,2BA$1.14
Stoney Creek Townhomes2 Bedroom 1 Bathroom2BR,1BA$1.07
Thelin Center1 Bedroom 1 Bathroom1BR,1BA$1.16
Marion Crossing Apartments1 Bed 1 Bath Apartment1BR,1BA$1.20

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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 University Hills Village listed at $825.

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

The lowest price for a Cheap One Bedroom Montrose Apartment is $770 at 41st Street Commons.

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 $899 at West Oaks Estates.

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 $999.

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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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.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.