Cheap Apartments for Rent in Monroe, IA from $400 (22 Rentals)

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Search the lowest-cost Apartments available for rent right now in Monroe.

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Gateway
2 Bedroom Apartments

Gateway

505 W LincolnMonroe, IA 50170
  • Utilities Included

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.

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.

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17 E Howard St
1 Bedroom Apartments

17 E Howard St

17 E Howard StColfax, IA 50054
  • Utilities Included
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110 N Maple St
2 Bedroom Apartments

110 N Maple St

110 N Maple StColfax, IA 50054
  • Utilities Included

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

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 ListingModel NameBed/BathPriced From
Hunters RunA21BR,1BA$608
Woodland Heights1 Bed 1 Bath1BR,1BA$685
Hotel Maytag Apartments2 bedroom A2BR,1BA$705
Parkside Luxury ApartmentsS1 AvaStudio,1BA$725
Scotchview Manor Apartments1 BR - 30% Gross Income1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Danamere VillageC1 - Income Restricted3BR,2BA$1.19
Terrace View by KadingElizabeth3BR,2BA$1.05
Altoona Park Apartments3BR/2BA3BR,2BA$1.05
Hotel Maytag Apartments2 bedroom A2BR,1BA$0.75
Walnut Creek Apartments2 BD Upgraded2BR,1BA$1.12
SUNDANCE NEWTON APARTMENTS2 Bedroom 2 Bathroom2BR,2BA$0.97
Centennial Place Apartments2BR/1BA2BR,1BA$1.14
Newton Park Apartments2BR - 30% Gross Income2BR,1BA$1.20
Carlisle Park Apartments2BR Upper2BR,1BA$1.19
Hunters RunA21BR,1BA$0.87

Quick Rent Budget Calculator

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

Explore Monroe, IA Rentals by Map

View MapMonroe, IA Apartments MapView MapMonroe, IA Rental Homes Map

Getting Around Monroe, IA

Walk Score®

26 / 100

Car-Dependent

Most errands require a car

Bike Score®

33 / 100

Somewhat Bikeable

Minimal bike infrastructure

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.

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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.

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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.

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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.

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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.