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Apartments for Rent in Montana under $500

Apartments for Rent in Montana under $500. 6 Rentals Available
6 Rentals Available
Quick filters
  • Only 1 unit left
    2 bd $235
    Base rent
    Verified Listing

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

    457 E. Rosebud Street, Forsyth, MT 59327
    In unit laundry
  • Ask for Pricing
    Income restricted
    Verified Listing

    4.0 (7)
    1137 Montana St., Missoula, MT 59801
    In unit laundry • Dishwasher • Patio/Balcony
  • Ask for Pricing
    Income restricted
    Verified Listing

    4.5 (3)
    1535 Liberty Lane, Missoula, MT 59808
    Parking • In unit laundry • Patio/Balcony
  • Ask for pricing
    Income restricted
    Verified Listing

    1071 Roadrunner Dr, Helena, MT 59602
    Extra Storage
  • Ask for pricing
    Income restricted
    Verified Listing

    4.0 (1)
    2550 Great Northern Ave, Missoula, MT 59808
    Dishwasher • Air conditioner • Extra Storage
6-0-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 31 Jul 2026.

What are the best apartments in Montana?
What type of rental buildings are in Montana?

In Montana 31% of the housing is rented out compared to 69% of homes are owned, according to the most recent Census Bureau estimates. 6% of Montana's apartments are found in large buildings of 50 units or more, 52% are located in smaller apartment complexes with less than 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 6 available units in Montana, renting for under $500. On average, $235 can get you 713 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.