Cheap Homes for Rent in Lake Monticello, VA from $1,500 (8 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

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

property at 300 Riverbend Dr

300 Riverbend Dr

CharlottesvilleVA22911
property at 930 Monticello Rd

930 Monticello Rd

CharlottesvilleVA22902

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.

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.

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 Hickory Hope Apartments in the Starr Hill neighborhood priced from $708. Kindlewood in the Ridge Street neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $744. Here is today’s list of the most affordable Lake Monticello apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hickory Hope Apartments1 Bedroom1BR,1BA$708
Kindlewood1BR1BR,1BA$744
Grandmarc at the Corner2Dx2S - Double w/ Shared Bath2BR,2BA$835

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

As of September 04, 2025 the best value apartment in the Lake Monticello area is the $1.64 price per square foot 2671 Thomas Jefferson Pky Model at 2671 Thomas Jefferson Pky, Unit Home In Palmyra in the starting from $3,600. The second greatest value Lake Monticello apartment is the 2 Bed/2 Bath - B (2nd floor) - Fully Upgraded Model at Jefferson Ridge starting at $2,095 with a $1.52 price per square foot in the JPA 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.
2671 Thomas Jefferson Pky, Unit Home In Palmyra2671 Thomas Jefferson Pky4BR,3BA$1.64
Jefferson Ridge2 Bed/2 Bath - B (2nd floor) - Fully Upgraded2BR,2BA$1.52
Hickory Hope Apartments3 Bedroom3BR,1.5BA$1.34
Brookdale ApartmentsAzalea3BR,2BA$1.49
Carriage Hill ApartmentsMadison2BR,2BA$1.88
The Coves at MonticelloThe Grove2BR,2BA$1.52
Mallside Forest Apartments2B2BR,1.5BA$1.75
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 Map
Lake Monticello, VA Apartments Map
View Map
Lake Monticello, VA Rental Homes Map

Frequently Asked Questions about Lake Monticello

What type of rentals are currently available in Lake Monticello?

There are currently 51 Apartments for Rent in Lake Monticello, VA with pricing that ranges from $630 to $5,360. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Monticello ranging from $1,500 to $6,000.

What is the current price range for Rental Homes in Lake Monticello?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Monticello ranges from $1,500 to $6,000 with an average monthly rent of $2,722.

How much are larger Three and Four Bedroom Rentals in Lake Monticello?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake Monticello range from $813 to $3,320, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,100 to $2,950. Four Bedroom Single-Family rentals are also available starting from $2,495 and Four Bedroom Apartments start at $1,289.

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 Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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.