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Montparnasse is the little brother of Montmartre. Many painters, sculptors, writers, poets, musicians - all types of old-school artists roam around it. There are cheap (or cheap in inverted commas, because this is Paris after all) restaurants, and cheaper than in Montmartre lodging.
The district became popular in the 20s of the XX-th century.

Creativity is welcome and saluted in Montparnasse, every "folly" is considered something wonderful and odd and weird people feel at home.

Peggy Guggenheim was a person who loved much the district. James Joyce and his friend Faulkner visited it with delight.
Dadaism was conceived there, Marcel Duchamp can prove it ;)
In all honesty, we have to say that not only great artists gathered there, but also mediocre and commonplace, who only drink their beers and talked.

The Musée du Montparnasse was founded in 1998 and attracts thousands of tourists. Don't miss Montparnasse next time you're in the (alledged) capital of Love and Wine - PARIS!