
Cheap Apartments for Rent in Monroe, SD from $300 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in Monroe.


Regency Place Apartments

Bentwood Manor Apartments

Heritage Place Apartments

Total Monthly Price
41st Street Commons

Marion Park II Apartments

Teak
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.

Edgewood Apartments

Pheasant View Apartments

Roosevelt Estates of Sioux Falls

Westview Heights Apartments, LLC

Total Monthly Price
Maple Pass Apartments and Townhomes in Hartford, SD

West Briar

Stoney Creek Townhomes
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.

Mesa Heights Apartments

Silos at Ellis Crossing

Forty One Flats

623 S Prairie Ave

5401 W 56th St

3506 S Sertoma Ave

9300 W 32nd St
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.
Monroe, SD Local Guide

How much does it cost to rent an apartment in Monroe?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monroe Studio Apartments | $835 | $820 | $850 |
| Monroe 1 Bedroom Apartments | $1,016 | $399 | $2,466 |
| Monroe 2 Bedroom Apartments | $1,281 | $795 | $2,732 |
| Monroe 3 Bedroom Apartments | $1,702 | $899 | $2,684 |
Browse Top Apartments in Monroe
See all Apartments in MonroeExplore Monroe
Monroe, SD Local Guide
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Cheapest Available Monroe Apartments for Rent and Nearby
 The cheapest available apartment rental in Monroe, SD is a 1 Bed unit found at West Oaks Estates priced from $399. Forty One Flats has the second lowest priced unit, which is a 1 Bed apartment currently listed from $510. Here is today’s list of the most affordable Monroe apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| West Oaks Estates | 1 bdr/ 1 bath | 1BR,1BA | $399 |
| Forty One Flats | 1 Bedroom 1 Bathroom | 1BR,1BA | $510 |
| Regency Place Apartments | 1bd1ba With WD No Garage | 1BR,1BA | $750 |
| Bentwood Manor Apartments | The Elm | 1BR,1BA | $755 |
| Marion Park II Apartments | 2BR/1.0BA | 2BR,1BA | $795 |
Best Value Apartments for Rent in Monroe, SD and Nearby
As of February 21, 2026 the best value apartment in the Monroe area is the $1.00 price per square foot 3 Bedroom 1.5 Bath Twinhome Model at Cottage West Twin Homes in the starting from $1,603. The second greatest value Monroe apartment is the 2bd2ba Model at Saddle Creek Townhomes starting at $1,135 with a $1.00 price per square foot . 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. |
|---|---|---|---|
| Cottage West Twin Homes | 3 Bedroom 1.5 Bath Twinhome | 3BR,1.5BA | $1.00 |
| Saddle Creek Townhomes | 2bd2ba | 2BR,2BA | $1.00 |
| Marion Park II Apartments | 2BR/1.0BA | 2BR,1BA | $0.78 |
| West Briar | 2 Bedroom 1 Bath | 2BR,1BA | $0.87 |
| Regency Place Apartments | 2bd2ba 1012sf | 2BR,2BA | $0.96 |
| West Oaks Estates | 1 bdr/ 1 bath | 1BR,1BA | $0.43 |
| Stoney Creek Townhomes | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.01 |
| Mesa Heights Apartments | 2BR/1.0BA | 2BR,1BA | $1.08 |
| Bentwood Manor Apartments | The Elm | 1BR,1BA | $1.02 |
| Forty One Flats | 1 Bedroom 1 Bathroom | 1BR,1BA | $0.85 |
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 ArticleThe 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.
Read ArticleCash 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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Monroe, SD Rentals by Map
See the most popular apartments and homes in Monroe, SD
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 $399 at West Oaks Estates.
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 $785 at Bentwood Manor Apartments.
What is the most affordable Monroe Three Bedroom Apartment?
The best deal on a cheap Monroe Three Bedroom Apartment rental is at Stoney Creek Townhomes and starts from $1,060.
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

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.

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.