
Cheap Apartments for Rent in Monroe City, IN from $300 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in Monroe City.


Fielding Court

Fairway Plaza

Southern Meadows Senior Living

Valoré at Hidden Hills

TERRA TRACE

The Timbers Apartments

Elmdale Apartments
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.

Park Place Apartments - 55+ Community

North Park

Woodbridge Place

Kimber Green Apartments

Pavilion Lakes Apartments

Sugar Mill Creek

Wabash Riverfront Flats

Liv at Locust Creek
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.

Indian Trail Apartments

Sugar Creek Crossing

SPRING VALLEY FLATS

1900 N Willow Rd

108 E Main St

1520 Main St

10065 Main St

107 S 3rd St
Cash 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.

Ironton at Shoals

Princeton Court

332 N French St

5054 IN-56

Eastland Apartments

207 Lincoln Dr

1021 E Main St

1409 Vine St
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.

102 N Seminary St

West Baden Lofts

101 E Alabama St

1044 N Eskew Rd

1103 Broadway St

1111 Stanley Ave

10992 500

301 Crist St
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.

402 E Broadway St

564 S Court St
Monroe City, IN Local Guide

How much does it cost to rent an apartment in Monroe City?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monroe City Studio Apartments | $1,087 | $425 | $1,600 |
| Monroe City 1 Bedroom Apartments | $1,011 | $630 | $1,850 |
| Monroe City 2 Bedroom Apartments | $1,365 | $690 | $4,449 |
| Monroe City 3 Bedroom Apartments | $1,660 | $1,315 | $3,463 |
| Monroe City 4 Bedroom Apartments | $1,849 | $1,849 | $1,849 |
Browse Top Apartments in Monroe City
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Monroe City, IN Local Guide
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Cheapest Available Monroe City Apartments for Rent and Nearby
 The cheapest available apartment rental in Monroe City, IN is a 1 Bed unit found at SPRING VALLEY FLATS in the Oakhill neighborhood priced from $599. Southern Meadows Senior Living has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Monroe City apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| SPRING VALLEY FLATS | The Redbud | 1BR,1BA | $599 |
| Southern Meadows Senior Living | 1 Bed Apt | 1BR,1BA | $650 |
| Valoré at Hidden Hills | The Dogwood - One Bedroom Apartment Home | 1BR,1BA | $675 |
| Cine Senior Apartments | Two Bedroom | 2BR,1BA | $690 |
| TERRA TRACE | The Dogwood | 1BR,1BA | $749 |
| Ironton at Shoals | 1 Beds, 1 Baths | 1BR,1BA | $750 |
| Elmdale Apartments | 1 bed 1 bath | 1BR,1BA | $800 |
| Kimber Green Apartments | The Maple (Up) | 1BR,1BA | $899 |
| Pavilion Lakes Apartments | The Michigan | 1BR,1BA | $899 |
| Wabash Riverfront Flats | 2BR/1.0BA | 2BR,1BA | $995 |
Best Value Apartments for Rent in Monroe City, IN and Nearby
As of June 13, 2026 the best value apartment in the Monroe City area is the $1.07 price per square foot Prime Living at Its Finest: Luxurious Stand-Alo... Model at Circle Point Villas in the starting from $1,650. The second greatest value Monroe City apartment is the 3BR/2.0BA Model at Apartments@41 starting at $1,600 with a $1.15 price per square foot in the Business 41 neighborhood. Here is today’s list of the best values for Monroe City apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Circle Point Villas | Prime Living at Its Finest: Luxurious Stand-Alo... | 3BR,2BA | $1.07 |
| Apartments@41 | 3BR/2.0BA | 3BR,2BA | $1.15 |
| North Park | Kensington | 2BR,1.5BA | $1.00 |
| The Westcott | 2 Bed, 2 Bath | 2BR,2BA | $1.24 |
| Baldwin Heights | 2 Bedroom | 2BR,1BA | $1.18 |
| Vail Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.10 |
| Kimber Green Apartments | The Maple (Up) | 1BR,1BA | $1.15 |
| Ironton at Shoals | 1 Beds, 1 Baths | 1BR,1BA | $1.15 |
| TERRA TRACE | The Dogwood | 1BR,1BA | $1.18 |
| Southern Meadows Senior Living | 1 Bed Apt | 1BR,1BA | $1.19 |
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 Monroe City, IN Rentals by Map
See the most popular apartments and homes in Monroe City, IN
Frequently Asked Questions about Cheap Monroe City Apartments
How much is rent for a Cheap One Bedroom Monroe City Apartment?
The lowest price for a Cheap One Bedroom Monroe City Apartment is $599 at SPRING VALLEY FLATS.
What is the lowest price for a Cheap Two Bedroom Monroe City Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Monroe City is starting from $690 at Cine Senior Apartments.
What is the most affordable Monroe City Three Bedroom Apartment?
The best deal on a cheap Monroe City Three Bedroom Apartment rental is at Kimber Green Apartments and starts from $1,399.
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.