
Cheap Apartments for Rent in Lake Monticello, VA from $630 (57 Rentals)
Search the lowest-cost Apartments available for rent right now in Lake Monticello.


Monticello Vista Apartments

Kindlewood

Timberland Park

Timberlake Place Apartments

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Cherry Suites

Carlton Views

Hearthwood

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University Heights

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Jefferson Commons
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Treesdale

Locust Grove

Wertland Square

Tarleton Square

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Cobalt Ridge

Hickory Hope Apartments

Wilton Farm Apartments

Villas at Southern Ridge

Stonegate

Brookdale Apartments
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.

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The Hudson

Stone Creek Village Apartments

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Jefferson Ridge

One Hundred Avon

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Beacon on 5th

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Carriage Hill Apartments

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5th Street Place

The Lofts at Meadowcreek

City Walk Apartments

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Altoview Apartment Homes
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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5 Row Apartments

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Rio Point

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Lakeside Apartments

Riverside Village Apartments

The Woodlands of Charlottesville

Attain on 5th

525 Ridge Street

Venable Court Apartments

Culbreth Court Apartments

Altamont Circle Apartments
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.

Forest Street Apartments

Belmont Heights Apartments

Mallside Forest Apartments

The Meriwether

Cardinal Court

The Independence

2484 Lost Hollow Path

1406 Chesapeake St

1411 Short 18th St

1201 Druid Ave
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.
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 | $1,278 | $630 | $1,898 |
| Lake Monticello 1 Bedroom Apartments | $1,925 | $983 | $2,900 |
| Lake Monticello 2 Bedroom Apartments | $2,065 | $760 | $2,930 |
| Lake Monticello 3 Bedroom Apartments | $2,284 | $813 | $2,995 |
| Lake Monticello 4 Bedroom Apartments | $1,750 | $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. Timberland Park in the Johnson Village neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $899. 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 |
| Timberland Park | 2 Bedroom | 2BR,2BA | $899 |
| Crestline Charlottesville | Beacon 2 - 2x2 | 2BR,2BA | $920 |
| Timberlake Place Apartments | 1 Bedroom | 1BR,1BA | $983 |
| Cherry Suites | Private Suite | 1BR,1BA | $1,109 |
| Carlton Views | Phase II - 2 Bedroom 2 Bath II | 2BR,2BA | $1,136 |
| Hearthwood | Studio | Studio,1BA | $1,236 |
| The Coves at Monticello | The Grove | 2BR,2BA | $1,245 |
| Jefferson Commons | A4X2 Renovated | 4BR,2BA | $1,285 |
| Treesdale | The Ivy | 2BR,2BA | $1,290 |
Best Value Apartments for Rent in Lake Monticello, VA and Nearby
As of August 21, 2026 the best value apartment in the Lake Monticello area is the $0.96 price per square foot A4X2 Renovated Model at Wertland Square in the in the 10th and Page neighborhood starting from $1,315. The second greatest value Lake Monticello apartment is the The Ivy Model at Treesdale starting at $1,290 with a $1.19 price per square foot in the The Meadows neighborhood. 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. |
|---|---|---|---|
| Wertland Square | A4X2 Renovated | 4BR,2BA | $0.96 |
| Treesdale | The Ivy | 2BR,2BA | $1.19 |
| The Coves at Monticello | The Grove | 2BR,2BA | $1.17 |
| Crestline Charlottesville | Concord -3x3 | 3BR,3BA | $1.30 |
| Timberland Park | 3 Bedroom | 3BR,2BA | $1.51 |
| Brookdale Apartments | 2br/bd | 2BR,2BA | $1.58 |
| Villas at Southern Ridge | The Ivy | 2BR,2BA | $1.63 |
| 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
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 The Coves at Monticello and starts from $1,424.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.