Apartments for Rent in Montana under $500
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Only 1 unit left2 bd $235Base rent1001 Coutts Ave, Red Lodge, MT 59068Apply online • Pet friendly -
Studio $4201 bd $465Base rent457 E. Rosebud Street, Forsyth, MT 59327In unit laundry
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Ask for PricingIncome restricted4.5 (3)1535 Liberty Lane, Missoula, MT 59808Parking • In unit laundry • Patio/Balcony
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Ask for PricingIncome restricted4.0 (7)1137 Montana St., Missoula, MT 59801In unit laundry • Dishwasher • Patio/Balcony
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Ask for pricingIncome restricted220 S. Catlin/230 S. Calin/1665 Milwaukee Way, Missoula, MT 59801Pet friendly • Patio/Balcony • Washer/Dryer
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Ask for pricingIncome restricted1071 Roadrunner Dr, Helena, MT 59602Extra Storage
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Ask for pricingIncome restricted4.0 (1)2550 Great Northern Ave, Missoula, MT 59808Dishwasher • Air conditioner • Extra Storage
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Ask for pricingIncome restricted3602 Stephens Ave., Missoula, MT 59801Pet friendly • In unit laundry • Extra Storage
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2 bd $235Base rent1012 Coutts Ave, Red Lodge, MT 59068Pet friendly -
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2 bd $235Base rent1109 Coutts Ave, Red Lodge, MT 59068Pet friendly -
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2 bd $235Base rent1005 Coutts Ave, Red Lodge, MT 59068Pet friendly -
2 bd $235Base rent1009 Coutts Ave, Red Lodge, MT 59068Pet friendly -
2 bd $235Base rent1016 Coutts Ave, Red Lodge, MT 59068Pet friendly
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Frequently asked questions
When were prices and availability in Montana last updated?
Prices and availability in Montana were last updated on 9 Jul 2026.
What are the best apartments in Montana?
The best apartments in Montana are: Copper Run at Reserve, Saddleview Apartment Homes, Yellowstone Landing, Madison Park and Rock Creek.
What type of rental buildings are in Montana?
In Montana, 31% of the residents are renting compared to 69% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 6% of Montana's rentals, 52% are small-scale complexes with under 50 units, and 34% are single-family rentals.
Renting apartments in Montana under $500
Searching for apartments for rent in Montana under $500 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RentCafe can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In Montana, where the average rent is $235 per month, there are 13 units available for less than $500. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.
We’ll help you find the cheapest rental near you
Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $500” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Montana. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Montana going for $235 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.