
Cheap Apartments for Rent in Monroe, NC from $700 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in Monroe.


Room in House on Maylen Trace

508 Deese St

Monroe Apartments

Monticello Gardens

Nottingham Apartments

Fairley Avenue
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.

Sunset Apartments

Pinewood Trace

Woodbrook Apartment Homes

Piedmont Lofts

Elevate Rocky River

Arka Heights

306 E Hudson St
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.

300 E Hudson St

Village Square Apartments

Monte Carlo Apartments

Willow Glen

Icemorlee Apartments

526 Everette St

Chase on Monroe Apartments
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.

The Oaks at Monroe

1105 N Charlotte Ave

103 S College St

1074 Bull Dog Ln

Room in House on Eastcott Ave

238 S Main St

Exchange at Indian Trail
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.
Monroe, NC Local Guide

How much does it cost to rent an apartment in Monroe?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monroe Studio Apartments | $775 | $700 | $850 |
| Monroe 1 Bedroom Apartments | $1,455 | $895 | $1,931 |
| Monroe 2 Bedroom Apartments | $1,600 | $1,030 | $2,715 |
| Monroe 3 Bedroom Apartments | $1,904 | $1,205 | $2,100 |
| Monroe 4 Bedroom Apartments | $2,210 | $2,150 | $2,250 |
Browse Top Apartments in Monroe
See all Apartments in MonroeExplore Monroe
Monroe, NC Local Guide
- Monroe Neighborhoods
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Cheapest Available Monroe Apartments for Rent
 The cheapest available apartment rental in Monroe, NC is a 1 Bed unit found at Monticello Gardens in the Icemorlee neighborhood priced from $985. Village Square Apartments in the Urban Hills neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,033. Here is today’s list of the most affordable Monroe apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Monticello Gardens | Updated | 1BR,1BA | $985 |
| Village Square Apartments | The Bedrock | Studio,1BA | $1,033 |
| Sunset Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1,100 |
| Nottingham Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1,145 |
| Woodbrook Apartment Homes | Two Bedroom 2 Bath | 2BR,2BA | $1,245 |
| Pinewood Trace | 2 BR/1.5 BA TH | 2BR,1BA | $1,350 |
| Piedmont Lofts | 1 BR / 1BA - B | 1BR,1BA | $1,360 |
| The Oaks at Monroe | 2BR/1.5BA | 2BR,1BA | $1,395 |
| Exchange at Indian Trail | A-2 | 1BR,1BA | $1,439 |
| Arka Heights | A2 - 1BR | 1BR,1BA | $1,499 |
Best Value Apartments for Rent in Monroe, NC
As of May 07, 2026 the best value apartment in the Monroe area is the $1.13 price per square foot Kinston Model at Poplin Meadows in the in the Stoneybrook neighborhood starting from $2,399. The second greatest value Monroe apartment is the Intrigue Model at Wingate Meadows Rental Homes starting at $2,100 with a $1.21 price per square foot in the Urban Hills neighborhood. Here is today’s list of the best values for Monroe apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Poplin Meadows | Kinston | 3BR,2.5BA | $1.13 |
| Wingate Meadows Rental Homes | Intrigue | 3BR,2.5BA | $1.21 |
| Founders Point | Douglas | 3BR,2.5BA | $1.24 |
| Poplin Trace | Caswell | 3BR,2.5BA | $1.36 |
| Redwood Monroe | Meadowood | 2BR,2BA | $1.55 |
| The Oaks at Monroe | 2BR/1.5BA | 2BR,1.5BA | $1.32 |
| Pinewood Trace | 2 BR/1.5 BA TH | 2BR,1.5BA | $1.29 |
| Elevate Rocky River | A1C | 1BR,1BA | $1.88 |
| Nottingham Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.68 |
| Monticello Gardens | Updated | 1BR,1BA | $1.56 |
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 ArticleTop Neighborhoods Near Charlotte Colleges and Universities
Learn About the Best Neighborhoods to Rent Near College Campuses in Charlotte, NC | Find Charlotte Off-Campus Student Housing at ApartmentHomeLiving.com
Read ArticleReal 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 ArticleQuick 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.
Best Local Schools in Monroe, NC
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Monroe, NC Rentals by Map
See the most popular apartments and homes in Monroe, NC
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 $985 at Monticello 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 $1,096 at Village Square Apartments.
What is the most affordable Monroe Three Bedroom Apartment?
The best deal on a cheap Monroe Three Bedroom Apartment rental is at Village Square Apartments and starts from $1,361.
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.
Helpful Local Expert Guides

The 10 Best Affordable Neighborhoods in Charlotte, NC
Written by: Carrie Catalano
I'm Carrie, your ApartmentHomeLiving.com Local Expert for Charlotte, North Carolina. I moved to the Triangle area of North Carolina in the summer of 2024 and have been exploring the state since.

Experts Guide to the Top Neighborhoods in Charlotte, NC for College Renters
Written by: Carrie Catalano
I'm Carrie, your ApartmentHomeLiving.com Local Expert for Charlotte, North Carolina. Charlotte is an exciting place to live for anyone, but particularly for college students.

Your Local Experts Guide to Top Neighborhoods to Rent Near Charlottes Big Four Employers
Written by: Carrie Catalano
I'm Carrie, and I've been calling the Charlotte area home for a few years now.
Articles, How-To's, and Tips

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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.

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.

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.