Cheap Apartments for Rent in Monroe, IN from $500 (52 Rentals)

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

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.

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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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The Elex
$1,002 - $3,066
Total Monthly Price

Total Monthly Price

Base Rent
$1,002 - $3,066
Total Monthly Price
$1,002 - $3,066
1 to 3 Bedroom Apartments Available Now

The Elex

877 Lavina StFort Wayne, IN 46802
Pet Friendly
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Garrison Flats
Studio to 1 Bedroom Apartments

Garrison Flats

733 W Wayne StFort Wayne, IN 46802
  • Utilities Included
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Fulton Manor
Studio Apartments

Fulton Manor

922 Fulton StFort Wayne, IN 46802
  • Utilities Included
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Woodhaven Oaks
1 to 3 Bedroom Apartments

Woodhaven Oaks

2008 Woodhaven DrFort Wayne, IN 46819
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.

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Rockhill Manor
1 Bedroom Apartments

Rockhill Manor

1010 Rockhill StFort Wayne, IN 46802

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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Black Hawk Apartments
1 to 3 Bedroom Apartments

Black Hawk Apartments

3010 Simcoe DrFort Wayne, IN 46815
Corporate Housing
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Jefferson Place Villas
1 to 2 Bedroom Apartments

Jefferson Place Villas

720 Countryside DrOssian, IN 46777
  • 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.

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Showing Results 1-50, Page 1 of 2

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. The Meridian (Waterloo Gardens) in the Southeast Fort Wayne neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $650. Here is today’s list of the most affordable Monroe apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Villa Capri ApartmentsPrato1BR,1BA$620
The Meridian (Waterloo Gardens)Standard 1 BED | 1 BATH - SM Flat2BR,1BA$650
Adam & Bruce Senior Housing ApartmentsEfficiencyStudio,1BA$742
Woodlynn ApartmentsWoodlynn Apartments2BR,1BA$750
Waynedale Village ApartmentsOne Bed1BR,1BA$759
Jackson Manor ApartmentsOne Bedroom1BR,1BA$765
Black Pine Flats1 bedroom classic 5041BR,1BA$799
Emerald Square Villas2x1 Deluxe2BR,1BA$809
Willow Creek CrossingThe Pullman1BR,1BA$820
PINE GROVE APARTMENTS2 BED 1 BATH2BR,1BA$827

Best Value Apartments for Rent in Monroe, IN and Nearby

As of April 28, 2026 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 2 Bedroom | Renovated Model at The Village at Wayne Trace Homes starting at $1,622 with a $1.22 price per square foot in the Southeast 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 Townhome W/Patio3BR,2.5BA$0.90
The Village at Wayne Trace Homes2 Bedroom | Renovated2BR,2BA$1.22
Foster Park Apartments2 Bed Classic2BR,1.5BA$1.05
PINE GROVE APARTMENTS3 BED 2 BATH3BR,2BA$0.89
Fairview Court Apartments2x1.5 Down Classic2BR,1.5BA$1.03
Emerald Square Villas2x1 Classic PV W/D2BR,1BA$0.83
OAK TERRACE APARTMENTSApartment 2bd flat2BR,1BA$1.07
Woodlynn ApartmentsWoodlynn Apartments2BR,1BA$0.92
Villa Capri ApartmentsPrato1BR,1BA$0.86
Willow Creek CrossingThe Pullman1BR,1BA$1.21

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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

Explore Monroe, IN Rentals by Map

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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 Adam & Bruce Senior Housing Apartments listed at $742.

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 Villa Capri Apartments and starts from $946.

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 Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.