
Cheap Apartments for Rent in Monroe, TN from $500 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in Monroe.


Ashton Place Apartments

Stonehenge

Eagle Village

WILLOW PARK APARTMENTS

Fry Estates Apartments
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.

Royce Hill- Income Restrictions Apply

Saxony Apartment Homes

Magnolia Place

Copper Springs by Meadows Properties

Cypress Creek

The Grasslands
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.

Waters Edge Apartment Homes

The Reserve at Lebanon

Crosswinds Condominiums

The Oaks 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.

918 Sparta Dr

914 Sparta Dr

108 Scott Dr
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.

311 S Mark Twain St
Monroe, TN Local Guide

How much does it cost to rent an apartment in Monroe?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monroe Studio Apartments | $1,060 | $925 | $1,175 |
| Monroe 1 Bedroom Apartments | $1,095 | $600 | $1,424 |
| Monroe 2 Bedroom Apartments | $1,289 | $745 | $1,950 |
| Monroe 3 Bedroom Apartments | $2,115 | $1,000 | $2,400 |
Browse Top Apartments in Monroe
See all Apartments in MonroeExplore Monroe
Monroe, TN Local Guide
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Cheapest Available Monroe Apartments for Rent and Nearby
 The cheapest available apartment rental in Monroe, TN is a 1 Bed unit found at Mason Greene priced from $574. River Glow Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here is today’s list of the most affordable Monroe apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mason Greene | 1 Bedroom Apartment | 1BR,1BA | $574 |
| River Glow Apartments | 1BR/1.0BA | 1BR,1BA | $695 |
| Eagle Village | Studio | Studio,1BA | $800 |
| University Towers | Studios | 1BR,1BA | $800 |
| Fry Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $849 |
| Royce Hill- Income Restrictions Apply | One Bedroom | 1BR,1BA | $854 |
| Magnolia Place | 1 Bed 1 Bath | 1BR,1BA | $895 |
| Cypress Creek | 2 Bedroom 2 Bathroom | 2BR,2BA | $912 |
| The Grasslands | 2 Beds, 1 bath | 2BR,1BA | $950 |
| College Grove | Two Bedroom | 2BR,1BA | $985 |
Best Value Apartments for Rent in Monroe, TN and Nearby
As of November 01, 2025 the best value apartment in the Monroe area is the $1.05 price per square foot 3-bedroom Model at Flats at Melrose in the in the Colonial Village neighborhood starting from $1,895. The second greatest value Monroe apartment is the Unit 22 Model at Cedar City Townhomes starting at $1,830 with a $1.16 price per square foot in the Downtown Lebanon 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. |
|---|---|---|---|
| Flats at Melrose | 3-bedroom | 3BR,2.5BA | $1.05 |
| Cedar City Townhomes | Unit 22 | 3BR,2.5BA | $1.16 |
| Eagle Creek Apartments | two bed two bath | 2BR,2BA | $0.80 |
| The Grasslands | 3 Beds, 1 bath | 3BR,1BA | $0.95 |
| ELEVEN50 | 3 Beds, 2 baths | 3BR,2BA | $1.18 |
| Cypress Creek | 3 Bedroom 2 Bathroom | 3BR,2BA | $0.98 |
| Fry Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $0.88 |
| Royce Hill- Income Restrictions Apply | One Bedroom | 1BR,1BA | $1.14 |
| Mason Greene | 1 Bedroom Apartment | 1BR,1BA | $0.96 |
| River Glow Apartments | 1BR/1.0BA | 1BR,1BA | $1.16 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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 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, TN Rentals by Map
See the most popular apartments and homes in Monroe, TN
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 $574 at Mason Greene.
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 $745 at River Glow Apartments.
What is the most affordable Monroe Three Bedroom Apartment?
The best deal on a cheap Monroe Three Bedroom Apartment rental is at Cypress Creek and starts from $1,030.
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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.









