
Cheap Apartments for Rent in Lake Monticello, VA from $600 (47 Rentals)
Search the lowest-cost Apartments available for rent right now in Lake Monticello.


Monticello Vista Apartments

Kindlewood

Timberlake Place Apartments

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5th Street Place

Hickory Hope Apartments

Carlton Views

Hearthwood

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University Heights
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Jefferson Commons

Treesdale

Wertland Square

Timberland Park Apartments

Tarleton Square

Wilton Farm Apartments

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Cobalt Ridge

Villas at Southern Ridge

Stonegate
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Locust Grove

Brookdale Apartments

Stone Creek Village Apartments

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The Hudson

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Carriage Hill Apartments

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Jefferson Ridge

One Hundred Avon

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Altoview Apartment Homes

City Walk Apartments
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

The Lofts at Meadowcreek

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Beacon on 5th

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Lakeside Apartments

1002 Linden Ave

Culbreth Court Apartments

Altamont Circle Apartments

Forest Street Apartments

Belmont Heights Apartments

Mallside Forest Apartments
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

The Meriwether

Cardinal Court

The Independence

2484 Lost Hollow Path

1411 Short 18th St

10 Tanglewood Rd

1406 Chesapeake St

2 Kiowa Ln

1201 Druid Ave
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

1075 Weybridge Ct

300 Riverbend Dr
Lake Monticello, VA Local Guide

How much does it cost to rent an apartment in Lake Monticello?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Monticello Studio Apartments | $1,368 | $630 | $1,965 |
| Lake Monticello 1 Bedroom Apartments | $2,083 | $983 | $3,290 |
| Lake Monticello 2 Bedroom Apartments | $2,114 | $760 | $3,225 |
| Lake Monticello 3 Bedroom Apartments | $2,350 | $813 | $3,003 |
| Lake Monticello 4 Bedroom Apartments | $1,697 | $1,285 | $3,738 |
Browse Top Apartments in Lake Monticello
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Lake Monticello, VA Local Guide
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Cheapest Available Lake Monticello Apartments for Rent and Nearby
 The cheapest available apartment rental in Lake Monticello, VA is a 1 Bed unit found at Kindlewood in the Ridge Street neighborhood priced from $744. Grandmarc at the Corner in the 10th and Page neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $895. Here is today’s list of the most affordable Lake Monticello apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Kindlewood | 1BR | 1BR,1BA | $744 |
| Grandmarc at the Corner | 2Dx2S - Double w/ Shared Bath | 2BR,2BA | $895 |
| Timberlake Place Apartments | 1 Bedroom | 1BR,1BA | $983 |
| Hickory Hope Apartments | 1 Bedroom - Phase A | 1BR,1BA | $1,090 |
| Hearthwood | Studio | Studio,1BA | $1,236 |
| The Coves at Monticello | The Grove | 2BR,2BA | $1,245 |
| Treesdale | The Ivy | 2BR,2BA | $1,290 |
| Wertland Square | A4X2 Renovated | 4BR,2BA | $1,315 |
| Wilton Farm Apartments | Model 2A | 2BR,1BA | $1,440 |
| Tarleton Square | Charlottesville Towers 407 | 2BR,1BA | $1,460 |
Best Value Apartments for Rent in Lake Monticello, VA and Nearby
As of July 07, 2026 the best value apartment in the Lake Monticello area is the $0.95 price per square foot 4X4 - Renovated Model at Grandmarc at the Corner in the in the 10th and Page neighborhood starting from $1,399. The second greatest value Lake Monticello apartment is the The Knoll Model at The Coves at Monticello starting at $1,859 with a $1.47 price per square foot . Here is today’s list of the best values for Lake Monticello apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Grandmarc at the Corner | 4X4 - Renovated | 4BR,4BA | $0.95 |
| The Coves at Monticello | The Knoll | 3BR,2BA | $1.47 |
| Treesdale | The Ivy | 2BR,2BA | $1.19 |
| Brookdale Apartments | 2br/bd | 2BR,2BA | $1.58 |
| Camden Courtyard | #1 | 1BR,1BA | $0.91 |
| Villas at Southern Ridge | The Ivy | 2BR,2BA | $1.63 |
| Eagles Landing Apartments | 2x2 | 2BR,2BA | $1.12 |
| Wilton Farm Apartments | Model 2A | 2BR,1BA | $1.63 |
| Timberlake Place Apartments | 1 Bedroom | 1BR,1BA | $1.40 |
| Kindlewood | 1BR | 1BR,1BA | $1.13 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lake Monticello, VA Rentals by Map
See the most popular apartments and homes in Lake Monticello, VA
Frequently Asked Questions about Cheap Lake Monticello Apartments
What is the Cheapest Studio apartment in Lake Monticello?
Currently the most affordable Cheap Studio Apartment in Lake Monticello is at Hearthwood listed at $1,236.
How much is rent for a Cheap One Bedroom Lake Monticello Apartment?
The lowest price for a Cheap One Bedroom Lake Monticello Apartment is $744 at Kindlewood.
What is the lowest price for a Cheap Two Bedroom Lake Monticello Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lake Monticello is starting from $882 at Kindlewood.
What is the most affordable Lake Monticello Three Bedroom Apartment?
The best deal on a cheap Lake Monticello Three Bedroom Apartment rental is at Treesdale and starts from $1,477.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.