Cheap Apartments for Rent in Montrose, SD from $300 (18 Rentals)

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Cheap Apartments in Montrose.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Forty One Flats
2 Bedroom Apartments

Forty One Flats

8701 W 41st StSioux Falls, SD 57106

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Montrose, SD Local Guide

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. Aspen Commons in the Northwest Sioux Falls neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $795. Here is today’s list of the most affordable Montrose apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Forty One Flats2 Bedroom 2 Bathroom2BR,2BA$612
Aspen CommonsStudioStudio,1BA$795
Maple Park Apartments & Townhomes2 Bedroom 2 Bathroom Apartment2BR,2BA$810
Lake Area Townhomes1 Bedroom1BR,1BA$820
University Hills VillageStudio - 559 sqftStudio,1BA$825

Best Value Apartments for Rent in Montrose, SD and Nearby

As of May 02, 2025 the best value apartment in the Montrose area is the $1.21 price per square foot 3 Bedroom, 2 Bathroom Model at Lobelia & Bison Trail Townhomes in the starting from $1,645. The second greatest value Montrose apartment is the 3 Bedroom 2 Bathroom Model at Thelin Center starting at $1,308 with a $1.04 price per square foot in the Northwest Sioux Falls neighborhood. Here is today’s list of the best values for Montrose apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lobelia & Bison Trail Townhomes3 Bedroom, 2 Bathroom3BR,2BA$1.21
Thelin Center3 Bedroom 2 Bathroom3BR,2BA$1.04
Fifth Street Apartments & TownhousesUpper Apartment3BR,2BA$1.20
Lake Area Townhomes1 Bedroom1BR,1BA$0.69
Falls Park ApartmentsRushmore3BR,2BA$0.80
Maple Park Apartments & Townhomes2 Bedroom 2 Bathroom Townhome2BR,2BA$1.07
Stoney Creek Townhomes3 Bedroom 1.5 Bathroom3BR,1.5BA$1.00
West Briar Estates2 Bedroom 1 Bath2BR,1BA$1.01
Forty One Flats2 Bedroom 2 Bathroom2BR,2BA$0.77
Marion Crossing Apartments1 Bed 1 Bath Apartment1BR,1BA$1.19

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Montrose, SD Rentals by Map

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See the most popular apartments and homes in Montrose, SD

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Getting Around Montrose, SD

Walk Score®

3 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

33 / 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

What is the Cheapest Studio apartment in Montrose?

Currently the most affordable Cheap Studio Apartment in Montrose is at Aspen Commons listed at $795.

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

The lowest price for a Cheap One Bedroom Montrose Apartment is $820 at Lake Area Townhomes.

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 $612 at Forty One Flats.

What is the most affordable Montrose Three Bedroom Apartment?

The best deal on a cheap Montrose Three Bedroom Apartment rental is at Falls Park Apartments and starts from $926.

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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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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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.