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Apartments for Rent in Montana under $500

25 Rentals Available
Apartments for Rent in Montana under $500. 25 Rentals Available
  • a kitchen with a sink and a stove
    Today

    457 E. Rosebud Street, Forsyth, MT 59327
    STUDIO $400
    1 BED $440
  • a kitchen with a stove and a refrigerator
    Today

    1535 Liberty Lane, Missoula, MT 59808
    STUDIO Ask for Pricing
  • an empty room with a kitchen with a sink
    Today

    1137 Montana St., Missoula, MT 59801
    STUDIO Ask for Pricing
  • a river with a bridge and mountains in the background
    Today

    4489 Store Lane, Stevensville, MT 59870
    STUDIO $45+
  • a large building with two doors in the middle of a field
    Today

    402 S 8Th St - Shop, Bridger, MT 59014
    STUDIO $500
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  • a yard with a house and a sidewalk
    Today

    2226 7Th Ave N (HOLDS), Great Falls, MT 59401
    STUDIO $25
  • a porch with a wooden bench in front of a green house
    Today

    1913 South Rouse Avenue, Bozeman, MT 59715
    1 BED $300+
  • a kitchen with a stove and a refrigerator
    Today

    715 South 28Th Street, Billings, MT 59101
    Income Restricted
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • an empty kitchen with a counter and a sink
    Today

    2550 Great Northern Ave, Missoula, MT 59808
    Income Restricted
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • an empty kitchen with a white stove and wooden cabinets
    Today

    1619 Wilder St, Helena, MT 59601
    Income Restricted
    1 BED $480
  • a kitchen with a stove and a refrigerator
    Today

    220 S. Catlin/230 S. Calin/1665 Milwaukee Way, Missoula, MT 59801
    Income Restricted
    STUDIO Ask for Pricing
    1 BED Ask for Pricing
  • Interactive banner bedroom
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  • a kitchen with a sink and cabinets and a window
    Today

    3602 Stephens Ave., Missoula, MT 59801
    Income Restricted
    STUDIO Ask for Pricing
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Getting around in Montana, MT

3 /100
Car-Dependent
20 /100
Somewhat Bikeable
Walk Score®: 3, Bike Score®: 20

Frequently asked questions

When were prices and availability in Montana last updated?

Prices and availability in Montana were last updated on 23 Feb 2026.

What are the best apartments in Montana?

The best apartments in Montana are: Antelope Creek Apartments, 622-630 9th Ave Duplexes, Icon Apartment Homes at Ferguson Farm, Haymaker and The Edison at Bozeman Gateway.

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, 50% are located in smaller apartment complexes with less than 50 units, and 35% 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 $490 per month, there are 25 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 $300 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.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!