
Cheap Homes for Rent in Montgomery, IN from $500 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Montgomery.


332 N French St

530 S Seminary St

130 W Pinewood Dr

1754 Spencer Pike Rd

612 S Stormont St

1171 E St Clair St
Montgomery, IN Local Guide

How much does it cost to rent a home in Montgomery?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Montgomery 2 Bedroom Homes for Rent | $2,046 | $528 | $6,500 |
Montgomery 3 Bedroom Homes for Rent | $1,809 | $859 | $2,400 |
Montgomery 4 Bedroom Homes for Rent | $2,400 | $2,200 | $2,500 |
Montgomery 5 Bedroom Homes for Rent | $2,650 | $2,300 | $3,000 |
Browse Top Homes for Rent in Montgomery
Explore Montgomery
Montgomery, IN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Montgomery Apartments for Rent and Nearby
 The cheapest available apartment rental in Montgomery, IN is a Studio unit found at Southern Meadows priced from $625. Ironton at Shoals has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Montgomery apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Southern Meadows | Studio | Studio,1BA | $625 |
Ironton at Shoals | 1 Beds, 1 Baths | 1BR,1BA | $700 |
Sunflower II | 1 Bed, 1 bath | 1BR,1BA | $790 |
Best Value Apartments for Rent in Montgomery, IN and Nearby
As of April 14, 2025 the best value apartment in the Montgomery area is the $1.07 price per square foot Prime Living at Its Finest: Luxurious Stand-Alo... Model at Circle Point Villas in the starting from $1,650. The second greatest value Montgomery apartment is the Sycamore With Office Model at Forest Ridge starting at $1,799 with a $1.29 price per square foot . Here is today’s list of the best values for Montgomery apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Circle Point Villas | Prime Living at Its Finest: Luxurious Stand-Alo... | 3BR,2BA | $1.07 |
Forest Ridge | Sycamore With Office | 3BR,2BA | $1.29 |
The League Bloomington | 10 North 2x2 XL | 2BR,2BA | $1.24 |
Vail Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.03 |
Baldwin Heights | 1 Bedroom | 1BR,1BA | $1.17 |
Woodland Springs | 2 Bedroom | 2BR,1BA | $1.06 |
Summit Pointe | The Evergreen | 1BR,1BA | $1.25 |
Ironton at Shoals | 1 Beds, 1 Baths | 1BR,1BA | $1.08 |
Wabash Riverfront Flats | 2 bed 1 Bath | 2BR,1BA | $0.95 |
Southern Meadows | 1 Bed Apt | 1BR,1BA | $1.27 |
Quick Rent Budget Calculator
How much rent can you afford?
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.
Frequently Asked Questions about Montgomery
What type of rentals are currently available in Montgomery?
There are currently 44 Apartments for Rent in Montgomery, IN with pricing that ranges from $600 to $2,995. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Montgomery ranging from $528 to $6,500.
What is the current price range for Rental Homes in Montgomery?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Montgomery ranges from $528 to $6,500 with an average monthly rent of $2,226.
How much are larger Three and Four Bedroom Rentals in Montgomery?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Montgomery range from $950 to $2,995, while Three Bedroom Homes, Condos, and Townhomes for rent range from $859 to $2,400. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $790.
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.