Montrose have spent the vast majority of their recent history in the relative obscurity of the Third Division. At the end of the 1994–95 season, they were promoted to the Second Division after finishing as runners up to Forfar Athletic. However, the team's first attempt at this higher level was not successful, as they finished bottom of the table in 1995-96.
The club have remained at this level ever since, and have achieved little success in the league. Their most notable recent success was a surprising 5–1 win away at Second Division side Forfar Athletic in the First Round of the 2004–05 Scottish Cup.