
Cheap Homes for Rent near Montrose, SD from $700 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Montrose.


1301 John Deere Cir

630 E 4th St

133 S Elmwood Ave
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.

713-715 W 16th St

2600 N Career Ave

1308 W 14th St

3712 S Terry Ave
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.
Montrose, SD Local Guide

How much does it cost to rent a home in Montrose?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Montrose 2 Bedroom Homes for Rent | $1,667 | $1,095 | $3,850 |
| Montrose 3 Bedroom Homes for Rent | $1,939 | $1,395 | $3,950 |
| Montrose 4 Bedroom Homes for Rent | $2,537 | $1,895 | $3,595 |
| Montrose 5 Bedroom Homes for Rent | $2,638 | $1,695 | $3,995 |
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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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Forty One Flats | 2 Bedroom 1 Bathroom | 2BR,2BA | $612 |
| Egan Avenue Residence | Bedroom C | 1BR,1BA | $645 |
| Crooks Reserve | 1 Bedroom 1 Bathroom Apartment | 1BR,1BA | $815 |
Best Value Apartments for Rent in Montrose, SD and Nearby
As of July 22, 2026 the best value apartment in the Montrose area is the $1.07 price per square foot 3 Bedroom 2.5 Bathroom Townhome Model at Pinnacle Townhomes in the in the Northwest Sioux Falls neighborhood starting from $1,965. The second greatest value Montrose apartment is the 3 Bedroom Model at Lake Area Townhomes starting at $1,535 with a $0.99 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 | $1.07 |
| Lake Area Townhomes | 3 Bedroom | 3BR,2.5BA | $0.99 |
| Marion Crossing Apartments | 2 Bed 1 Bath Apartment | 2BR,1BA | $0.99 |
| Stoney Creek Townhomes | 3 Bedroom 1.5 Bathroom | 3BR,1.5BA | $1.05 |
| West Oaks Estate | 2 bd, 2 ba Lower Level Unit | 2BR,2BA | $1.06 |
| Hillcrest Heights Apartments | 1 Bedroom 1 Bathroom + Den Apartment | 1BR,1BA | $1.24 |
| Forty One Flats | 2 Bedroom 1 Bathroom | 2BR,2BA | $0.77 |
| Parkview Apartments and Townhomes | 2 bedroom apartment | 2BR,1BA | $1.20 |
| Northridge Estates/Perfect Location | One Bedroom/No pets | 1BR,1BA | $1.25 |
| Maple Pass Apartments & Townhomes | Rent Special - 1 Bedroom 1 Bath Apts | 1BR,1BA | $1.30 |
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.
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Montrose
What type of rentals are currently available in Montrose?
There are currently 44 Apartments for Rent in Montrose, SD with pricing that ranges from $645 to $2,215. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Montrose ranging from $775 to $3,995.
What is the current price range for Rental Homes in Montrose?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Montrose ranges from $775 to $3,995 with an average monthly rent of $1,790.
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.

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.