
Cheap Apartments for Rent in Montrose, IL from $300 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in Montrose.


Capitol Pointe

Country View Estates of Charleston
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.

RESERVE AT LAKEVIEW

The Millennium Apartments

Arbors at Honey Creek

Sullivan Downtown Townhomes

Springhill Apartments

6th St Apartments

Coles Crossing Apartments

Melrose and Brooklyn Heights Apartments
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Timber Cove

Highland Terrace
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

601 Monroe Ave

14 N Central Ave

321 A St

24 W Buchanan Ave

1231 E Dawn Dr
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

1306 Arthur Ave

1305 18th St
Montrose, IL Local Guide

How much does it cost to rent an apartment in Montrose?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Montrose Studio Apartments | $678 | $550 | $725 |
Montrose 1 Bedroom Apartments | $840 | $351 | $1,210 |
Montrose 2 Bedroom Apartments | $1,068 | $400 | $1,812 |
Montrose 3 Bedroom Apartments | $1,298 | $490 | $2,103 |
Montrose 4 Bedroom Apartments | $1,916 | $1,322 | $2,510 |
Browse Top Apartments in Montrose
See all Apartments in MontroseExplore Montrose
Montrose, IL Local Guide
- Nearby Cities
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Cheapest Available Montrose Apartments for Rent and Nearby
 The cheapest available apartment rental in Montrose, IL is a 2 Beds unit found at Historic Walnut Square in the Downtown Terre Haute neighborhood priced from $417. RESERVE AT LAKEVIEW has the second lowest priced unit, which is a 1 Bed apartment currently listed from $421. Here is today’s list of the most affordable Montrose apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Historic Walnut Square | Two Bedroom | 2BR,1BA | $417 |
RESERVE AT LAKEVIEW | One Bedroom One Bathroom | 1BR,1BA | $421 |
Rider Place | 1 Bedroom | 1BR,1BA | $500 |
The Millennium Apartments | 3 Bedroom | 3BR,1BA | $505 |
Melrose and Brooklyn Heights Apartments | 2 Bed 1 Bath | 2BR,1BA | $585 |
Arthur Ave Apartments | 1x1 | 1BR,1BA | $610 |
Highland Terrace | 1 Bed 1 Bath | 1BR,1BA | $675 |
Winston Terrace | 1BR/1BA | 1BR,1BA | $725 |
Southern Meadows Senior Living | 1 Bed Apt | 1BR,1BA | $750 |
Elmdale Apartments | 1 bed 1 bath | 1BR,1BA | $800 |
Best Value Apartments for Rent in Montrose, IL and Nearby
As of September 20, 2025 the best value apartment in the Montrose area is the $1.16 price per square foot Single Family Home Model at Sullivan Downtown Townhomes in the starting from $1,598. The second greatest value Montrose apartment is the 2Bed/2Bth Model at Parkstone Villas starting at $1,250 with a $1.00 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. |
---|---|---|---|
Sullivan Downtown Townhomes | Single Family Home | 3BR,2.5BA | $1.16 |
Parkstone Villas | 2Bed/2Bth | 2BR,2BA | $1.00 |
The Millennium Apartments | 3 Bedroom | 3BR,1BA | $0.41 |
Panther Heights | 2 Bed 2 Bath | 2BR,2BA | $1.20 |
Royal Heights | Royal Heights 2 Bed w/ Study & 1.5 Bath | 3BR,1.5BA | $0.95 |
ANTHONY SQUARE SENIOR LIVING | 2 Bed 1 Bath | 2BR,1BA | $1.00 |
Historic Walnut Square | Two Bedroom | 2BR,1BA | $0.51 |
Arthur Ave Apartments | 1x1 | 1BR,1BA | $0.97 |
RESERVE AT LAKEVIEW | One Bedroom One Bathroom | 1BR,1BA | $0.69 |
Rider Place | 1 Bedroom | 1BR,1BA | $0.92 |
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Montrose, IL Rentals by Map
See the most popular apartments and homes in Montrose, IL
Getting Around Montrose, IL
Walk Score®
5 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
26 / 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
How much is rent for a Cheap One Bedroom Montrose Apartment?
The lowest price for a Cheap One Bedroom Montrose Apartment is $421 at RESERVE AT LAKEVIEW.
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 $417 at Historic Walnut Square.
What is the most affordable Montrose Three Bedroom Apartment?
The best deal on a cheap Montrose Three Bedroom Apartment rental is at Historic Walnut Square and starts from $479.
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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

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.

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.