Cheap Apartments for Rent in Monroe, IN from $400 (57 Rentals)

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

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Garrison Flats
1 Bedroom Apartments

Garrison Flats

733 W Wayne StFort Wayne, IN 46802
  • Utilities Included
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Jefferson Place Villas
1 to 2 Bedroom Apartments

Jefferson Place Villas

720 Countryside DrOssian, IN 46777
  • Utilities Included
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Monroe, IN Local Guide

Cheapest Available Monroe Apartments for Rent and Nearby

 

The cheapest available apartment rental in Monroe, IN is a 1 Bed unit found at The Elex in the Southwest Fort Wayne neighborhood priced from $422. Villa Capri Apartments in the Continential Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $514. Here is today’s list of the most affordable Monroe apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Elex1 Bed, 1 bath1BR,1BA$422
Villa Capri ApartmentsPrato1BR,1BA$514
Emerald Square Apartments & VillasStudio Hickory MillStudio,1BA$525
Waynedale Village ApartmentsStudioStudio,1BA$659
The Meridian (Waterloo Gardens)Premium 1 BED | 1 BATH1BR,1BA$680
River Pointe TownhomesCozy Corner! Your Perfect 1 Bedroom Apartment!!...1BR,1BA$699
Jackson Manor ApartmentsOne Bedroom1BR,1BA$715
Apple Glen2 Bedroom Unit2BR,1BA$744
Black Pine Flats1BR/1BA Classic1BR,1BA$750
Hickory Creek1 Bedroom Flat1BR,1BA$775

Best Value Apartments for Rent in Monroe, IN and Nearby

As of June 26, 2025 the best value apartment in the Monroe area is the $0.93 price per square foot CLA 3BR/2.5BA TH W/Patio Model at Coventry Court Townhomes in the in the Southwest Fort Wayne neighborhood starting from $1,450. The second greatest value Monroe apartment is the Two Bedroom Townhome Model at Fairview Court starting at $1,025 with a $0.93 price per square foot in the Southwest Fort Wayne 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.
Coventry Court TownhomesCLA 3BR/2.5BA TH W/Patio3BR,2.5BA$0.93
Fairview CourtTwo Bedroom Townhome2BR,1.5BA$0.93
Blackhawk ApartmentsWillow-Renovated2BR,1.5BA$1.23
South Bridge ApartmentsTwo Bedroom One Bath Stackable Washer/Dryer2BR,1BA$1.06
Apple Glen2 Bedroom Unit2BR,1BA$0.86
Coral Club Apartments2BD - 1.5B2BR,1.5BA$1.32
Villa Capri ApartmentsPrato1BR,1BA$0.71
The Elex1 Bed, 1 bath1BR,1BA$0.58
Bluffton Park ApartmentsFire Up the Grill… and This Hot Move-In Offer!1BR,1BA$1.24
River Pointe TownhomesCozy Corner! Your Perfect 1 Bedroom Apartment!!...1BR,1BA$1.18

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Monroe, IN

Ranked #96

Among cities in Indiana for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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

Explore Monroe, IN Rentals by Map

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See the most popular apartments and homes in Monroe, IN

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Getting Around Monroe, IN

Walk Score®

8 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

28 / 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 Emerald Square Apartments & Villas listed at $525.

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

The lowest price for a Cheap One Bedroom Monroe Apartment is $422 at The Elex.

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 $513 at The Elex.

What is the most affordable Monroe Three Bedroom Apartment?

The best deal on a cheap Monroe Three Bedroom Apartment rental is at Villa Capri Apartments and starts from $806.

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.