Cheap Apartments for Rent in Monroe, IA from $400 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in Monroe.

Hunters Run

Courtyard Apartments

Parkside Luxury Apartments

Altoona Terrace

Woodland Heights
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.

Hotel Maytag Apartments

Adventureland Village

303 S Madison St

Altoona Towers

Carlisle Park 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.

702 S Roche St

2220 E Walnut St

308 E 13th St N
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.
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 | $826 | $650 | $1,049 |
| Monroe 1 Bedroom Apartments | $1,139 | $550 | $2,273 |
| Monroe 2 Bedroom Apartments | $1,178 | $619 | $2,495 |
| Monroe 3 Bedroom Apartments | $1,307 | $945 | $2,675 |
| Monroe 4 Bedroom Apartments | $1,421 | $1,421 | $1,421 |
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 $550. Courtyard Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $619. Here is today’s list of the most affordable Monroe apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hunters Run | A1 | 1BR,1BA | $550 |
| Courtyard Apartments | B1 | 2BR,1BA | $619 |
| Parkside Luxury Apartments | S1 Ava | Studio,1BA | $650 |
| Newton Park Apartments | 1BR - 30% Gross Income | 1BR,1BA | $676 |
| Hotel Maytag Apartments | 1 bedroom A | 1BR,1BA | $725 |
Best Value Apartments for Rent in Monroe, IA and Nearby
As of December 11, 2025 the best value apartment in the Monroe area is the $1.05 price per square foot 3BR/2BA Model at Altoona Park Apartments in the in the Altoona Meadows neighborhood starting from $1,150. The second greatest value Monroe apartment is the Villa Model at Walnut Pointe starting at $1,010 with a $1.00 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. |
|---|---|---|---|
| Altoona Park Apartments | 3BR/2BA | 3BR,2BA | $1.05 |
| Walnut Pointe | Villa | 3BR,1BA | $1.00 |
| SUNDANCE NEWTON APARTMENTS | 3 Bedroom 2 Bathroom | 3BR,2BA | $1.02 |
| Canterbury Park | Two Bedroom-Two Bath | 2BR,2BA | $1.04 |
| Walnut Creek Apartments | 2 BD Legacy | 2BR,1BA | $1.00 |
| Hotel Maytag Apartments | 1 bedroom A | 1BR,1BA | $0.90 |
| Woodland Heights | 2 Bed 1 Bath | 2BR,1BA | $1.04 |
| 409 4th St NE | 2BR 1BA | 2BR,1BA | $1.08 |
| Hunters Run | A1 | 1BR,1BA | $0.80 |
| Courtyard Apartments | B1 | 2BR,1BA | $0.95 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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, 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 $650.
How much is rent for a Cheap One Bedroom Monroe Apartment?
The lowest price for a Cheap One Bedroom Monroe Apartment is $550 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 $619 at Courtyard Apartments.
What is the most affordable Monroe Three Bedroom Apartment?
The best deal on a cheap Monroe Three Bedroom Apartment rental is at SUNDANCE NEWTON APARTMENTS and starts from $945.
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

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.




