Cheap Apartments for Rent in Monroe, IA from $400 (44 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Gateway
1 to 2 Bedroom Apartments

Gateway

505 W LincolnMonroe, IA 50170
  • Utilities Included

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.

Read Article

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.

Read Article
close
View Me
Yellowbanks
$1,050 - $1,490
Total Monthly Price

Total Monthly Price

Base Rent
$1,050 - $1,490
Total Monthly Price
$1,050 - $1,490
2 to 3 Bedroom Apartments Available Now

Yellowbanks

5790 Vision DrPleasant Hill, IA 50327
  • Verified
  • 3D Tour

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.

Read Article
close
View Me
17 E Howard St
1 Bedroom Apartments

17 E Howard St

17 E Howard StColfax, IA 50054
  • Utilities Included
close
View Me
Oakland Pointe
Studio to 3 Bedroom Apartments

Oakland Pointe

615-619 17th Ave NWAltoona, IA 50009
  • Utilities Included
close
View Me
Newton Park Apartments
1 to 2 Bedroom Apartments

Newton Park Apartments

1425 N 11th Ave ENewton, IA 50208
  • Utilities Included
close
View Me
Altoona Towers
Studio to 4 Bedroom Apartments

Altoona Towers

1414-1616 Adventureland DrAltoona, IA 50009
Corporate Housing

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.

Read Article
close
View Me
Spruce Pointe
Studio to 2 Bedroom Apartments

Spruce Pointe

1000 Adventureland DrAltoona, IA 50009
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Read Article
close
View Me
Walnut Pointe
2 to 3 Bedroom Apartments

Walnut Pointe

1702-1798 W 4th St NNewton, IA 50208
Showing Results 1-44, Page 1 of 1

Monroe, IA Local Guide

Cheapest Available Monroe Apartments for Rent and Nearby

 

The cheapest available apartment rental in Monroe, IA is a 2 Beds unit found at 110 N Maple St in the Jasper County neighborhood priced from $700. Hotel Maytag Apartments in the Jasper County neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable Monroe apartments for rent:

Apartment ListingModel NameBed/BathPriced From
110 N Maple St2-bedroom2BR,1BA$700
Hotel Maytag Apartments1 bedroom A1BR,1BA$725
Walnut Creek Apartments2 BD Legacy2BR,1BA$795
Southtown ApartmentsB12BR,1BA$800
SUNDANCE NEWTON APARTMENTS2 Bedroom 2 Bathroom2BR,2BA$805
409 4th St NE2BR 1BA2BR,1BA$810
Woodland Heights3 Bed 2 Bath3BR,2BA$820
Canterbury ParkTwo Bedroom CPI2BR,2BA$845
Venbury Trail1 Bedroom1BR,1BA$900
Scotchview Manor Apartments1 BR - 30% Gross Income1BR,1BA$923

Best Value Apartments for Rent in Monroe, IA and Nearby

As of July 12, 2026 the best value apartment in the Monroe area is the $1.20 price per square foot Cottage - 3 Model at Yellowbanks in the in the Golf View Heights neighborhood starting from $1,490. The second greatest value Monroe apartment is the 3BR/2BA Model at Altoona Park Apartments starting at $1,150 with a $1.05 price per square foot in the Altoona Meadows neighborhood. 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.
YellowbanksCottage - 33BR,2BA$1.20
Altoona Park Apartments3BR/2BA3BR,2BA$1.05
SUNDANCE NEWTON APARTMENTS3 Bedroom 2 Bathroom3BR,2BA$1.02
Southtown ApartmentsB12BR,1BA$0.94
Walnut Creek Apartments2 BD Legacy2BR,1BA$0.94
Hotel Maytag Apartments1 bedroom A1BR,1BA$0.90
110 N Maple St2-bedroom2BR,1BA$0.88
Triple Crown Altoona Cooperative2BR2BR,1BA$1.20
Woodland Heights2 Bed 1 Bath2BR,1BA$1.04
409 4th St NE2BR 1BA2BR,1BA$1.08

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 Article
Decorative image

Real 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 Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

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

Explore Monroe, IA Rentals by Map

Decorative image of map

See the most popular apartments and homes in Monroe, IA

View Map
Monroe, IA Apartments Map
View Map
Monroe, IA Rental Homes Map

Frequently Asked Questions about Cheap Monroe Apartments

How much is rent for a Cheap One Bedroom Monroe Apartment?

The lowest price for a Cheap One Bedroom Monroe Apartment is $725 at Hotel Maytag Apartments.

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 $700 at 110 N Maple St.

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 $820.

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

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.