Cheap Apartments for Rent in Monroe, IN from $500 (63 Rentals)

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Cheap Apartments in Monroe.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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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 Meridian (Waterloo Gardens) in the Southeast Fort Wayne neighborhood priced from $550. Villa Capri Apartments in the Continential Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $589. Here is today’s list of the most affordable Monroe apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Meridian (Waterloo Gardens)Standard 1 BED | 1 BATH - SM Flat1BR,1BA$550
Villa Capri ApartmentsPrato1BR,1BA$589
Apple Glen1 Bedroom Unit1BR,1BA$605
Emerald Square Apartments & Villas1 Bedroom A1BR,1BA$675
River Pointe TownhomesCozy Corner! Your Perfect 1 Bedroom Apartment!1BR,1BA$699
Waynedale Village ApartmentsOne Bed1BR,1BA$715
Jackson Manor ApartmentsOne Bedroom1BR,1BA$715
Black Pine Flats1BR/1BA Classic1BR,1BA$725
Hickory Creek1 Bedroom Flat1BR,1BA$750
Adam & Bruce Senior Housing ApartmentsEfficiencyStudio,1BA$759

Best Value Apartments for Rent in Monroe, IN and Nearby

As of May 03, 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 2 Bedroom | Renovated Model at The Village at Wayne Trace Homes starting at $1,502 with a $1.13 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 TH W/Patio3BR,2.5BA$0.93
The Village at Wayne Trace Homes2 Bedroom | Renovated2BR,2BA$1.13
Fairview CourtTwo Bedroom Townhome2BR,1.5BA$0.93
Willow Creek CrossingThe Silverton2BR,1.5BA$1.09
South Bridge ApartmentsTwo Bedroom One Bath Stackable Washer/Dryer2BR,1BA$1.08
OAK TERRACE APARTMENTSApartment 2bd flat2BR,1BA$1.07
Villa Capri ApartmentsPrato1BR,1BA$0.81
Apple Glen1 Bedroom Unit1BR,1BA$0.90
Waynedale Village ApartmentsOne Bed1BR,1BA$1.10
Emerald Square Apartments & Villas1 Bedroom A1BR,1BA$1.04

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Pet Friendly Lifestyle
Monroe, IN

Ranked #131

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 Adam & Bruce Senior Housing Apartments listed at $759.

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

The lowest price for a Cheap One Bedroom Monroe Apartment is $550 at The Meridian (Waterloo Gardens).

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 $703 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 $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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.