Cheap Apartments for Rent in Lake Monticello, VA from $600 (12 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Lake Monticello.

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 Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Lake Monticello, VA Local Guide

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. Timberlake Place Apartments in the North Downtown neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $983. Here is today’s list of the most affordable Lake Monticello apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Kindlewood1BR1BR,1BA$744
Timberlake Place Apartments1 Bedroom1BR,1BA$983
HearthwoodStudioStudio,1BA$1,246
Carlton ViewsPhase III - 1 Bedroom 1 Bath A261BR,1BA$1,287
Mallside Forest Apartments1B1BR,1BA$1,364

Best Value Apartments for Rent in Lake Monticello, VA and Nearby

As of June 12, 2025 the best value apartment in the Lake Monticello area is the $1.69 price per square foot C4TH - Keswick Model at Beacon on 5th in the in the Ridge Street neighborhood starting from $2,754. The second greatest value Lake Monticello apartment is the Roosevelt Model at Carriage Hill Apartments starting at $2,730 with a $1.68 price per square foot in the Martha Jefferson neighborhood. Here is today’s list of the best values for Lake Monticello apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Beacon on 5thC4TH - Keswick3BR,3.5BA$1.69
Carriage Hill ApartmentsRoosevelt3BR,2BA$1.68
Stonegate at the Crossroads ApartmentsFieldstone3BR,2BA$1.59
Brookdale ApartmentsAzalea3BR,2BA$1.35
The Coves at MonticelloThe Grove2BR,2BA$1.52
Attain on 5thCarter *Newly Renovated2BR,2BA$1.90
Cobalt RidgeMonticello2BR,1BA$1.92
Wilton Farm ApartmentsModel 2A2BR,1BA$1.61
Timberlake Place Apartments1 Bedroom1BR,1BA$1.40
Kindlewood1BR1BR,1BA$1.13

Quick 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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lake Monticello, VA Rentals by Map

View MapLake Monticello, VA Apartments MapView MapLake Monticello, VA Rental Homes Map

Getting Around Lake Monticello, VA

Walk Score®

20 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

19 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 $1,246.

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 Wilton Farm Apartments and starts from $1,530.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.