Cheap Apartments for Rent in Montpelier, IA from $400 (30 Rentals)

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

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Spencer Towers
1 Bedroom Apartments

Spencer Towers

111 20th StRock Island, IL 61201
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1616-1634 W 42nd St
1 to 2 Bedroom Apartments

1616-1634 W 42nd St

1616-1634 W 42nd StDavenport, IA 52806
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AHI2925
2 Bedroom Apartments

AHI2925

2925 Dubuque StDavenport, IA 52803
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Montpelier, IA Local Guide

Cheapest Available Montpelier Apartments for Rent and Nearby

 

The cheapest available apartment rental in Montpelier, IA is a 1 Bed unit found at RIVERWALK LOFTS in the Vander Veer Park neighborhood priced from $620. Candlelight Court in the Vander Veer Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Montpelier apartments for rent:

Apartment ListingModel NameBed/BathPriced From
RIVERWALK LOFTS1 Bed 1 Bath1BR,1BA$620
Candlelight CourtOne Bedroom1BR,1BA$650
Eagles Crest Apartments1 bed 1 bath with patio1BR,1BA$685
Woodland Apartments0BR/1.0BAStudio,1BA$695
Walcott Manor Apartments1 BR/ BA1BR,1BA$695
Cotton Mill Apartments1 Bed, 1 bath1BR,1BA$700
LaFayette SquareThe Vega2BR,1BA$720
Breckenridge Apartments1 Bedroom1BR,1BA$725
Crescent LoftsIncome Restricted1BR,1BA$760
Pershing Hill LoftsStudioStudio,1BA$818

Best Value Apartments for Rent in Montpelier, IA and Nearby

As of March 26, 2025 the best value apartment in the Montpelier area is the $1.26 price per square foot 2 Bedroom Townhome - 2 Car Garage Model at 29th Street Townhomes in the in the Vander Veer Park neighborhood starting from $1,700. The second greatest value Montpelier apartment is the 1bd/1ba Model at Davenport Bank Apartments starting at $900 with a $0.75 price per square foot in the Vander Veer Park neighborhood. Here is today’s list of the best values for Montpelier apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
29th Street Townhomes2 Bedroom Townhome - 2 Car Garage2BR,2.5BA$1.26
Davenport Bank Apartments1bd/1ba1BR,1BA$0.75
Village WoodsThree Bedroom3BR,2BA$1.11
LaFayette SquareThe Fairlane3BR,2BA$1.13
Candlelight CourtTwo Bedroom2BR,1BA$0.85
Walcott Manor Apartments1 BR/ BA1BR,1BA$0.99
Cotton Mill Apartments1 Bed, 1 bath1BR,1BA$1.00
Eagles Crest Apartments1 bed 1 bath with patio1BR,1BA$0.98
Crescent LoftsIncome Restricted1BR,1BA$1.10
RIVERWALK LOFTS1 Bed 1 Bath1BR,1BA$0.95

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Frequently Asked Questions about Cheap Montpelier Apartments

What is the Cheapest Studio apartment in Montpelier?

Currently the most affordable Cheap Studio Apartment in Montpelier is at Woodland Apartments listed at $695.

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

The lowest price for a Cheap One Bedroom Montpelier Apartment is $620 at RIVERWALK LOFTS.

What is the lowest price for a Cheap Two Bedroom Montpelier Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Montpelier is starting from $720 at LaFayette Square.

What is the most affordable Montpelier Three Bedroom Apartment?

The best deal on a cheap Montpelier Three Bedroom Apartment rental is at Woodland Apartments and starts from $1,050.

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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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.

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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.

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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.

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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.