Cheap Homes for Rent near Mono, ON from $1,500 (31 Rentals)

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

property at 25 Elizabeth St

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600

2 Bedroom, 1 Bath Home for Rent

Available Sep 30

25 Elizabeth St

GuelphONN1E 2X1
property at 9 Sherwood Cres

$1,695

Total Monthly Price

Total Monthly Price

Base Rent
$1,695
Total Monthly Price
$1,695

2 Bedroom, 1 Bath Home for Rent

Available Now

9 Sherwood Cres

BramptonONL6X 2C9

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.

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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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property at 6949 Darcel Av

$1,875

Total Monthly Price

Total Monthly Price

Base Rent
$1,875
Total Monthly Price
$1,875

1 Bedroom, 1.5 Bath Home for Rent

Available Now

6949 Darcel Av

MississaugaONL4T 2W7

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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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.

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property at 362 Victoria Rd N

$2,100

Total Monthly Price

Total Monthly Price

Base Rent
$2,100
Total Monthly Price
$2,100

2 Bedroom, 1 Bath Home for Rent

Available Now

362 Victoria Rd N

GuelphONN1E 5J7
Showing Results 1-31, Page 1 of 1

Mono, ON Local Guide

Cheapest Available Mono Apartments for Rent and Nearby

 

The cheapest available apartment rental in Mono, ON is a Studio unit found at 45-51 E Surrey St in the Guelph East neighborhood priced from $795. 80 Orenda Ct in the Brampton East neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,439. Here is today’s list of the most affordable Mono apartments for rent:

Apartment ListingModel NameBed/BathPriced From
45-51 E Surrey StStudioStudio,$795
80 Orenda Ct1 Bed, 1 Bath1BR,1BA$1,439
2, 4, & 6 Silver Maple1 Bedroom (4 Silver Maple)1BR,1BA$1,539
123 / 125 RailroadStudioStudio,1BA$1,550
The Village View ApartmentsOne Bedroom1BR,1BA$1,550
1 Lowndes Av1 Bedroom1BR,1BA$1,550
1745 Bloor Holdings Inc.BACHELORStudio,1BA$1,600
UnitiTallchiefStudio,1BA$1,650
Silvercreek Parkway1 Bedroom Promotional Price for First 8 Months*1BR,1BA$1,675
Embassy ApartmentsOne Bedroom1BR,1BA$1,745

Best Value Apartments for Rent in Mono, ON and Nearby

As of August 09, 2026 the best value apartment in the Mono area is the $1.44 price per square foot 2 BDRM W/O Garage Model at Veterans Terrace in the in the Simcoe Region neighborhood starting from $2,300. The second greatest value Mono apartment is the 3 Bed 1 Bath E Model at Tamarack Woods Townhouses starting at $2,395 with a $1.71 price per square foot in the Simcoe Region neighborhood. Here is today’s list of the best values for Mono apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Veterans Terrace2 BDRM W/O Garage2BR,1.5BA$1.44
Tamarack Woods Townhouses3 Bed 1 Bath E3BR,1BA$1.71
Oakview Heights2 Bedroom - Renovated2BR,1BA$1.94
38 Dixington Crescent1 Beds + Den, 1 Baths1BR,1BA$2.05
Juniper Apartments2 Bedroom2BR,1BA$2.18
Trafalgar Square2 Bedroom2BR,1BA$2.04
Two Ten Apartments2 Bedroom(s) and 1 Bathroom(s)2BR,1BA$2.32
283 Bristol StOne Bedroom1BR,1BA$2.20
2, 4, & 6 Silver Maple1 Bedroom (6 Silver Maple)1BR,1BA$2.05
45-51 E Surrey St2 Bedrooms2BR,1BA$2.07

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.

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Real 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.

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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.

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

Explore Mono, ON Rentals by Map

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See the most popular apartments and homes in Mono, ON

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Frequently Asked Questions about Mono

What type of rentals are currently available in Mono?

There are currently 102 Apartments for Rent in Mono, ON with pricing that ranges from $795 to $15,461. There are also 81 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mono ranging from $1,500 to $4,700.

What is the current price range for Rental Homes in Mono?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Mono ranges from $1,500 to $4,700 with an average monthly rent of $2,527.

How much are larger Three and Four Bedroom Rentals in Mono?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Mono range from $2,160 to $3,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,295 to $4,700. Four Bedroom Single-Family rentals are also available starting from $2,775 and Four Bedroom Apartments start at $2,495.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.