Cheap Apartments for Rent near Monrovia, IN from $600 (37 Rentals)

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

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Horizons Apartments
$925 - $1,490
Total Monthly Price

Total Monthly Price

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$925 - $1,490
Total Monthly Price
$925 - $1,490
1 to 4 Bedroom Apartments Available Now

Horizons Apartments

4955 Red Horizon BlvdIndianapolis, IN 46221
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property at 156 W Main St

$825

1 Bedroom Rentals

Available Now

156 W Main St

MooresvilleIN46158
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Harpers Crossing
1 to 3 Bedroom Apartments

Harpers Crossing

311 Harpers CrossingPlainfield, IN 46168

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Camby Crossing
1 to 3 Bedroom Apartments

Camby Crossing

7402 Camby Crossing DrCamby, IN 46113
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Stanley Terrace
1 to 3 Bedroom Apartments

Stanley Terrace

451 N Vine StPlainfield, IN 46168
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Arborwood Apartments
1 to 4 Bedroom Apartments

Arborwood Apartments

6702 Trunk WayIndianapolis, IN 46221
Corporate Housing
property at 9 Keller Dr

$1,200

Studio Rentals

Available Now

9 Keller Dr

MooresvilleIN46158

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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Showing Results 1-37, Page 1 of 1

Monrovia, IN Local Guide

Cheapest Available Monrovia Apartments for Rent and Nearby

 

The cheapest available apartment rental in Monrovia, IN is a 1 Bed unit found at Horizons Apartments in the Airport District neighborhood priced from $925. Home Place Senior Living in the Airport District neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here is today’s list of the most affordable Monrovia apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Horizons ApartmentsThe Vision1BR,1BA$925
Home Place Senior Living1 BD 1 BTH1BR,1BA$1,000
Harpers Crossing2 Bedroom2BR,1BA$1,012
Aberdeen ApartmentsAbbington1BR,1BA$1,082
Aspen Pointe ApartmentsSpring1BR,1BA$1,120
Crown PlazaDover (A1)1BR,1BA$1,175
Stone Ridge Flats and TownhomesCobalt2BR,1BA$1,203
Canyon Club at Perry CrossingGem (A)1BR,1BA$1,229
Hunter Ridge Apartments2x1H R-Prem2BR,1BA$1,230
Residences on Ronald ReaganDutch1BR,1BA$1,255

Best Value Apartments for Rent in Monrovia, IN and Nearby

As of July 29, 2026 the best value apartment in the Monrovia area is the $1.31 price per square foot The Fern Model at Arborwood Apartments in the in the Airport District neighborhood starting from $1,571. The second greatest value Monrovia apartment is the The Princeton Model at Saratoga Crossing Apartment Homes starting at $1,564 with a $1.42 price per square foot in the The Settlement - Designer neighborhood. Here is today’s list of the best values for Monrovia apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Arborwood ApartmentsThe Fern3BR,2BA$1.31
Saratoga Crossing Apartment HomesThe Princeton2BR,2BA$1.42
Harpers Crossing3 Bedroom3BR,1.5BA$1.24
Central Park ApartmentsTime Square | 2 Bedroom 2 Bathroom with 1050 Sq...2BR,2BA$1.48
Settlers RunThe Ranch2BR,2BA$1.27
Hillcrest Apartments2x1A2BR,1BA$1.29
Residences on Ronald ReaganDutch1BR,1BA$1.42
Hunter Ridge Apartments2x1H R-Prem2BR,1BA$1.45
Lakeside at Walnut Hills2 Bed 1 Bath2BR,1BA$1.52
Aspen Pointe ApartmentsSpring1BR,1BA$1.52

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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Real 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.

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Remember the 3 Rules of Real Estate:
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Frequently Asked Questions about Cheap Monrovia Apartments

What is the Cheapest Studio apartment in Monrovia?

Currently the most affordable Cheap Studio Apartment in Monrovia is at Hobbs Station listed at $1,299.

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

The lowest price for a Cheap One Bedroom Monrovia Apartment is $925 at Horizons Apartments.

What is the lowest price for a Cheap Two Bedroom Monrovia Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Monrovia is starting from $1,012 at Harpers Crossing.

What is the most affordable Monrovia Three Bedroom Apartment?

The best deal on a cheap Monrovia Three Bedroom Apartment rental is at Horizons Apartments and starts from $1,345.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.