
Cheap Homes for Rent in Monon, IN from $700 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Monon.


403 Henry St
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.

3743 N 250 W

808 Stanley 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.

5813 Huston Rd
Monon, IN Local Guide

How much does it cost to rent a home in Monon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monon 2 Bedroom Homes for Rent | $1,058 | $775 | $1,450 |
| Monon 3 Bedroom Homes for Rent | $1,858 | $1,100 | $2,300 |
| Monon 4 Bedroom Homes for Rent | $2,358 | $1,785 | $2,800 |
| Monon 5 Bedroom Homes for Rent | $2,797 | $2,600 | $2,995 |
Browse Top Homes for Rent in Monon
Explore Monon
Monon, IN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Monon Apartments for Rent and Nearby
 The cheapest available apartment rental in Monon, IN is a Studio unit found at Stonecrest Apartments in the Downtown Lafayette neighborhood priced from $625. Windsor West Apartments Homes in the Discovery Park neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $650. Here is today’s list of the most affordable Monon apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Stonecrest Apartments | Studio | Studio,1BA | $625 |
| Windsor West Apartments Homes | 2 Bedroom 1 Bath | 2BR,1BA | $650 |
| Launch | 3B | 3BR,3BA | $659 |
Best Value Apartments for Rent in Monon, IN and Nearby
As of June 10, 2026 the best value apartment in the Monon area is the $0.34 price per square foot 3 Bedroom x 3.5 Bathroom Townhouse Model at Lark West Lafayette Townhomes in the starting from $649. The second greatest value Monon apartment is the Dakota-PREM Model at Lodge on the Trail starting at $665 with a $0.55 price per square foot in the Discovery Park neighborhood. Here is today’s list of the best values for Monon apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lark West Lafayette Townhomes | 3 Bedroom x 3.5 Bathroom Townhouse | 3BR,3.5BA | $0.34 |
| Lodge on the Trail | Dakota-PREM | 3BR,3BA | $0.55 |
| The Cottages on Lindberg | 2 BEDROOM 2.5 BATH | 2BR,2.5BA | $0.77 |
| Fairway Apartments | EARLY MOVE IN AVAILABLE- Turnberry | Text to To... | 2BR,2BA | $0.78 |
| Wabash Lofts | 2x2 | 2BR,2BA | $0.88 |
| Madison Cottage of Rensselaer | 1x1 | 1BR,1BA | $1.14 |
| Victory on Salisbury | 3BR/1BA | 3BR,1BA | $1.16 |
| Windsor West Apartments Homes | 2 Bedroom 1 Bath | 2BR,1BA | $0.90 |
| Woods Edge | The Boilermaker | 1BR,1BA | $1.07 |
| 271 | 2BR/1.0BA | 2BR,1BA | $1.07 |
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.
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.
Pet Friendly LifestyleMonon, IN
Ranked #21
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Monon, IN
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Monon, IN Rentals by Map
See the most popular apartments and homes in Monon, IN
Frequently Asked Questions about Monon
What type of rentals are currently available in Monon?
There are currently 81 Apartments for Rent in Monon, IN with pricing that ranges from $498 to $3,454. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monon ranging from $775 to $2,995.
What is the current price range for Rental Homes in Monon?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Monon ranges from $775 to $2,995 with an average monthly rent of $1,814.
How much are larger Three and Four Bedroom Rentals in Monon?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Monon range from $625 to $2,655, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $2,300. Four Bedroom Single-Family rentals are also available starting from $1,785 and Four Bedroom Apartments start at $575.
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

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.