
Cheap Homes for Rent in Lake Monticello, VA from $1,200 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Lake Monticello.


163 Wagner Pl

45 Hardware Hls Cir

2484 Lost Hollow Path
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.

1411 Short 18th St

26 Begum Rd

10 Tanglewood Rd

1406 Chesapeake St
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.

15 Englewood Dr
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 | $2,186 | $1,675 | $2,595 |
| Lake Monticello 3 Bedroom Homes for Rent | $2,248 | $1,400 | $3,400 |
| Lake Monticello 4 Bedroom Homes for Rent | $2,741 | $2,000 | $3,550 |
| Lake Monticello 5 Bedroom Homes for Rent | $5,400 | $3,850 | $6,950 |
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. 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 |
Best Value Apartments for Rent in Lake Monticello, VA and Nearby
As of June 26, 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 A4X2 Renovated Model at Wertland Square starting at $1,315 with a $0.96 price per square foot in the 10th and Page 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. |
|---|---|---|---|
| Grandmarc at the Corner | 4X4 - Renovated | 4BR,4BA | $0.95 |
| Wertland Square | A4X2 Renovated | 4BR,2BA | $0.96 |
| The Coves at Monticello | The Knoll | 3BR,2BA | $1.38 |
| Treesdale | The Ivy | 2BR,2BA | $1.19 |
| Brookdale Apartments | 2br/bd | 2BR,2BA | $1.58 |
| 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 Lake Monticello
What type of rentals are currently available in Lake Monticello?
There are currently 61 Apartments for Rent in Lake Monticello, VA with pricing that ranges from $630 to $3,738. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Monticello ranging from $1,250 to $6,950.
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 $1,250 to $6,950 with an average monthly rent of $2,853.
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 $3,003, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $3,400. Four Bedroom Single-Family rentals are also available starting from $2,000 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

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.