
Cheap Homes for Rent in Montpelier, IA from $600 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Montpelier.


606 W 3rd St

3637 Johnson Ave

2218 Emerald Dr

803 5th Ave

211 W 7th St

1721 W 16th St

1607 W 2nd St

607 5th St

1517 10th St

2501 26th Ave Ct

1915 W Locust St
Montpelier, IA Local Guide

How much does it cost to rent a home in Montpelier?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Montpelier 2 Bedroom Homes for Rent | $986 | $825 | $1,450 |
Montpelier 3 Bedroom Homes for Rent | $1,491 | $850 | $3,100 |
Montpelier 4 Bedroom Homes for Rent | $1,325 | $1,250 | $1,375 |
Montpelier 5 Bedroom Homes for Rent | $1,950 | $1,950 | $1,950 |
Browse Top Homes for Rent in Montpelier
Explore Montpelier
Montpelier, IA Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
RIVERWALK LOFTS | 1 Bed 1 Bath | 1BR,1BA | $620 |
Candlelight Court | One Bedroom | 1BR,1BA | $650 |
Eagles Crest Apartments | 1 bed 1 bath with patio | 1BR,1BA | $685 |
Woodland Apartments | 0BR/1.0BA | Studio,1BA | $695 |
Walcott Manor Apartments | 1 BR/ BA | 1BR,1BA | $695 |
Best Value Apartments for Rent in Montpelier, IA and Nearby
As of March 23, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
29th Street Townhomes | 2 Bedroom Townhome - 2 Car Garage | 2BR,2.5BA | $1.26 |
Davenport Bank Apartments | 1bd/1ba | 1BR,1BA | $0.75 |
Village Woods | Three Bedroom | 3BR,2BA | $1.19 |
LaFayette Square | The Fairlane | 3BR,2BA | $1.13 |
Candlelight Court | Two Bedroom | 2BR,1BA | $0.85 |
Walcott Manor Apartments | 1 BR/ BA | 1BR,1BA | $0.99 |
Cotton Mill Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.00 |
Eagles Crest Apartments | 1 bed 1 bath with patio | 1BR,1BA | $0.98 |
Crescent Lofts | Income Restricted | 1BR,1BA | $1.10 |
RIVERWALK LOFTS | 1 Bed 1 Bath | 1BR,1BA | $0.95 |
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Frequently Asked Questions about Montpelier
What type of rentals are currently available in Montpelier?
There are currently 41 Apartments for Rent in Montpelier, IA with pricing that ranges from $625 to $2,725. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Montpelier ranging from $650 to $3,100.
What is the current price range for Rental Homes in Montpelier?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Montpelier ranges from $650 to $3,100 with an average monthly rent of $1,307.
How much are larger Three and Four Bedroom Rentals in Montpelier?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Montpelier range from $995 to $2,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $3,100. Four Bedroom Single-Family rentals are also available starting from $1,250 and Four Bedroom Apartments start at $1,350.
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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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.