Cheap Apartments for Rent in Monroe, IN from $500 (64 Rentals)

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

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.

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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.

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Garrison Flats
Studio to 1 Bedroom Apartments

Garrison Flats

733 W Wayne StFort Wayne, IN 46802
  • Utilities Included

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.

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Fulton Manor
Studio Apartments

Fulton Manor

922 Fulton StFort Wayne, IN 46802
  • Utilities Included
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Apple Glen
1 to 3 Bedroom Apartments

Apple Glen

1116 Kear RdVan Wert, OH 45891
  • 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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Rockhill Manor
1 Bedroom Apartments

Rockhill Manor

1010 Rockhill StFort Wayne, IN 46802
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Blackhawk Apartments
1 to 3 Bedroom Apartments

Blackhawk Apartments

3010 Simcoe DrFort Wayne, IN 46815
Corporate Housing

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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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.

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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 Villa Capri Apartments in the Continential Park neighborhood priced from $620. Waynedale Village Apartments in the Southwest Fort Wayne neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $659. Here is today’s list of the most affordable Monroe apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Villa Capri ApartmentsPrato1BR,1BA$620
Waynedale Village ApartmentsStudioStudio,1BA$659
Fulton Manor0BR/1.0BAStudio,1BA$665
River Pointe TownhomesCozy Corner! Your Perfect 1 Bedroom Apartment!!...1BR,1BA$699
The Elex - B1 Bedroom | 1 Bath1BR,1BA$704
Adam & Bruce Senior Housing ApartmentsEfficiencyStudio,1BA$742
Black Pine Flats1BR/1BA Classic1BR,1BA$749
The Meridian (Waterloo Gardens)Premium 1 BED | 1 BATH1BR,1BA$755
Jackson Manor ApartmentsOne Bedroom1BR,1BA$765
Apple Glen2 Bedroom Unit2BR,1BA$769

Best Value Apartments for Rent in Monroe, IN and Nearby

As of December 12, 2025 the best value apartment in the Monroe area is the $0.90 price per square foot CLA 3BR/2.5BA Townhome W/Patio Model at Coventry Court Townhomes in the in the Southwest Fort Wayne neighborhood starting from $1,399. The second greatest value Monroe apartment is the 3 BED 2 BATH Model at PINE GROVE APARTMENTS starting at $953 with a $0.89 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.
Coventry Court TownhomesCLA 3BR/2.5BA Townhome W/Patio3BR,2.5BA$0.90
PINE GROVE APARTMENTS3 BED 2 BATH3BR,2BA$0.89
Arbor Lakes ApartmentsWaterway2BR,2BA$1.10
Fairview Court Apartments2 BR/1.5 BA2BR,1.5BA$0.95
Woodhaven OaksTippecanoe2BR,2BA$1.06
South Bridge ApartmentsTwo Bedroom One & One-Half Bath Seville Stackab...2BR,1.5BA$1.07
Apple Glen2 Bedroom Unit2BR,1BA$0.89
Villa Capri ApartmentsPrato1BR,1BA$0.86
The Elex - B1 Bedroom | 1 Bath1BR,1BA$1.02
Willow Creek CrossingThe Pullman1BR,1BA$1.15

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.

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The 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.

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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.

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Pet Friendly Lifestyle
Monroe, IN

Ranked #231

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 Waynedale Village Apartments listed at $659.

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

The lowest price for a Cheap One Bedroom Monroe Apartment is $620 at Villa Capri 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 $739 at Villa Capri Apartments.

What is the most affordable Monroe Three Bedroom Apartment?

The best deal on a cheap Monroe Three Bedroom Apartment rental is at River Pointe Townhomes and starts from $849.

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

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.