
Cheap Homes for Rent in Lake Monticello, VA from $1,200 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Lake Monticello.


100 Carlton Rd

1104 Altavista 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.

1000 Monticello Rd

930 Monticello Rd

358 S Pantops Dr
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.

7871 W River Rd
Lake Monticello, VA Local Guide

How much does it cost to rent a home in Lake Monticello?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Monticello 2 Bedroom Homes for Rent | $1,927 | $1,595 | $2,595 |
| Lake Monticello 3 Bedroom Homes for Rent | $2,659 | $2,095 | $4,200 |
| Lake Monticello 4 Bedroom Homes for Rent | $2,715 | $2,300 | $2,995 |
| Lake Monticello 5 Bedroom Homes for Rent | $8,000 | $8,000 | $8,000 |
Browse Top Homes for Rent in Lake Monticello
Explore Lake Monticello
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. Crestline Charlottesville in the Ridge Street neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $849. 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 |
| Crestline Charlottesville | Berkeley 2 - 2x2 | 2BR,2BA | $849 |
| Grandmarc at the Corner | 2Dx2S - Double w/ Shared Bath | 2BR,2BA | $880 |
Best Value Apartments for Rent in Lake Monticello, VA and Nearby
As of January 23, 2026 the best value apartment in the Lake Monticello area is the $1.74 price per square foot Roosevelt Model at Carriage Hill Apartments in the in the Martha Jefferson neighborhood starting from $2,835. The second greatest value Lake Monticello apartment is the 3 Bedroom Town Model at The Woodlands of Charlottesville starting at $2,350 with a $1.73 price per square foot in the Starr Hill 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. |
|---|---|---|---|
| Carriage Hill Apartments | Roosevelt | 3BR,2BA | $1.74 |
| The Woodlands of Charlottesville | 3 Bedroom Town | 3BR,3BA | $1.73 |
| Tenth Street Warehouses | Studio | Studio ,1BA | $1.67 |
| Treesdale | The Ivy | 2BR,2BA | $0.93 |
| The Coves at Monticello | The Grove | 2BR,2BA | $1.17 |
| Brookdale Apartments | 2br/bd | 2BR,2BA | $1.58 |
| Wilton Farm Apartments | Model 2A | 2BR,1BA | $1.63 |
| Forest Street Apartments | 2 BR, 1 BA | 2BR,1BA | $1.64 |
| 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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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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 Lake Monticello
What type of rentals are currently available in Lake Monticello?
There are currently 57 Apartments for Rent in Lake Monticello, VA with pricing that ranges from $630 to $4,620. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Monticello ranging from $1,200 to $8,000.
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 $1,200 to $8,000 with an average monthly rent of $3,351.
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 $2,095 to $4,200. Four Bedroom Single-Family rentals are also available starting from $2,300 and Four Bedroom Apartments start at $1,285.
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

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.