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Apartments for Rent in Montana under $500


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  • Only 1 unit left
    2 bd $235
    Base rent
    Verified Listing

    1001 Coutts Ave

    1001 Coutts Ave, Red Lodge, MT 59068
    Apply online • Pet friendly
  • Studio $420
    1 bd $465
    Base rent
    Verified Listing

    Antelope Creek

    475 E. Rosebud Street, Forsyth, MT 59327
    Laundry Facilities
  • Studio $420
    1 bd $465
    Base rent
    457 E. Rosebud Street, Forsyth, MT 59327
    Laundry Facilities
  • 1 bd $400+
    Base rent
    Verified Listing

    520 2nd Ave S (HOLDS)

    520 2Nd Ave S (HOLDS), Great Falls, MT 59405
    Pet friendly
  • Ask for pricing
    Income restricted
    Verified Listing

    Aspen Place Apartments

    4.0 (1)
    2550 Great Northern Ave, Missoula, MT 59808
    Dishwasher • Air conditioner • Extra Storage
  • 5-0-state

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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 11 Nov 2026.

What are the best apartments in Montana?
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.

Your search for apartments in Montana under $500 stops here

Finding apartments for rent in Montana for less than $500 has never been so easy! At RentCafe nice cheap apartments are just one click away. There are currently 5 available units in Montana, renting for under $500. On average, $235 can get you 629 Sqft in this area. Be sure to search for the apartment that is best for you. Under “More”, check the amenities that you consider a must-have, and don’t forget to look at the pet policy. Fitness enthusiasts can even check the Fitness Center box. Whether you are looking for studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, you are sure to find one that will make you want to move in right away.

We’ll help you find the best rental near you

Having to compromise on either price or location can turn your “apartments near me under $500” search into a nightmare. At RentCafe we recognize the importance of both. Therefore, we offer a variety of filters that can help you find exactly what you want. Sorting the results by rent, ascending, will make the cheapest units show up first on the list. Try it out! You will find that right now the cheapest apartment under $500 in Montana goes for $235 per month. If some of the results are outside the area of your choice, you can go to the left side of the screen and draw a radius or a polygon around your location. Now you will only see results that are relevant to you.