Cheap Apartments for Rent in Monroe, IA from $400 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in Monroe.

206 N Madison St

Hotel Maytag Apartments
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.

Parkside Luxury Apartments

Scotchview Manor Apartments

SUNDANCE NEWTON APARTMENTS

Centennial Place Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Canterbury Park

Altoona Towers

124 S 2nd St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Monroe, IA Local Guide

How much does it cost to rent an apartment in Monroe?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Monroe Studio Apartments | $928 | $650 | $1,136 |
Monroe 1 Bedroom Apartments | $1,245 | $600 | $2,618 |
Monroe 2 Bedroom Apartments | $1,340 | $695 | $3,247 |
Monroe 3 Bedroom Apartments | $1,449 | $945 | $3,158 |
Monroe 4 Bedroom Apartments | $1,885 | $1,885 | $1,885 |
Browse Top Apartments in Monroe
See all Apartments in MonroeExplore Monroe
Monroe, IA Local Guide
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Cheapest Available Monroe Apartments for Rent and Nearby
 The cheapest available apartment rental in Monroe, IA is a 1 Bed unit found at Hunters Run priced from $608. Woodland Heights has the second lowest priced unit, which is a 1 Bed apartment currently listed from $685. Here is today’s list of the most affordable Monroe apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Hunters Run | A2 | 1BR,1BA | $608 |
Woodland Heights | 1 Bed 1 Bath | 1BR,1BA | $685 |
Hotel Maytag Apartments | 2 bedroom A | 2BR,1BA | $705 |
Parkside Luxury Apartments | S1 Ava | Studio,1BA | $725 |
Scotchview Manor Apartments | 1 BR - 30% Gross Income | 1BR,1BA | $794 |
Best Value Apartments for Rent in Monroe, IA and Nearby
As of June 09, 2025 the best value apartment in the Monroe area is the $1.19 price per square foot C1 - Income Restricted Model at Danamere Village in the in the Danamere Farms neighborhood starting from $1,547. The second greatest value Monroe apartment is the Elizabeth Model at Terrace View by Kading starting at $1,295 with a $1.05 price per square foot . Here is today’s list of the best values for Monroe apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Danamere Village | C1 - Income Restricted | 3BR,2BA | $1.19 |
Terrace View by Kading | Elizabeth | 3BR,2BA | $1.05 |
Altoona Park Apartments | 3BR/2BA | 3BR,2BA | $1.05 |
Hotel Maytag Apartments | 2 bedroom A | 2BR,1BA | $0.75 |
Walnut Creek Apartments | 2 BD Upgraded | 2BR,1BA | $1.12 |
SUNDANCE NEWTON APARTMENTS | 2 Bedroom 2 Bathroom | 2BR,2BA | $0.97 |
Centennial Place Apartments | 2BR/1BA | 2BR,1BA | $1.14 |
Newton Park Apartments | 2BR - 30% Gross Income | 2BR,1BA | $1.20 |
Carlisle Park Apartments | 2BR Upper | 2BR,1BA | $1.19 |
Hunters Run | A2 | 1BR,1BA | $0.87 |
Quick Rent Budget Calculator
How much rent can you afford?
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Monroe, IA Rentals by Map
See the most popular apartments and homes in Monroe, IA
Getting Around Monroe, IA
Walk Score®
26 / 100
Car-Dependent
Most errands require a car
Bike Score®
33 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Monroe Apartments
What is the Cheapest Studio apartment in Monroe?
Currently the most affordable Cheap Studio Apartment in Monroe is at Parkside Luxury Apartments listed at $725.
How much is rent for a Cheap One Bedroom Monroe Apartment?
The lowest price for a Cheap One Bedroom Monroe Apartment is $608 at Hunters Run.
What is the lowest price for a Cheap Two Bedroom Monroe Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Monroe is starting from $695 at Hunters Run.
What is the most affordable Monroe Three Bedroom Apartment?
The best deal on a cheap Monroe Three Bedroom Apartment rental is at Woodland Heights and starts from $945.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.