Cheap Apartments for Rent near Monrovia, IN from $892 (46 Rentals)

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

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Horizons Apartments
$925 - $1,345

Total Monthly Price

Base Rent$925 - $1,345
Total Monthly Price$925 - $1,345
1 to 4 Bedroom Apartments Available Now

Horizons Apartments

4955 Red Horizon BlvdIndianapolis, IN 46221
Affordability
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Harpers Crossing
1 to 3 Bedroom Apartments

Harpers Crossing

311 Harpers CrossingPlainfield, IN 46168
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Stanley Terrace
1 to 3 Bedroom Apartments

Stanley Terrace

451 N Vine StPlainfield, IN 46168
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Camby Crossing
1 to 3 Bedroom Apartments

Camby Crossing

7402 Camby Crossing DrCamby, IN 46113

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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Arborwood Apartments
1 to 4 Bedroom Apartments

Arborwood Apartments

6702 Trunk WayIndianapolis, IN 46221
Corporate Housing

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.

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Monrovia, IN Local Guide

Cheapest Available Monrovia Apartments for Rent and Nearby

 

The cheapest available apartment rental in Monrovia, IN is a 2 Beds unit found at Harpers Crossing in the The Settlement - Designer neighborhood priced from $513. 5380 E Main St in the Lizton Clayton neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $960. Here is today’s list of the most affordable Monrovia apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Harpers Crossing2 Bedroom2BR,1BA$513
5380 E Main St1BR/ 1BA1BR,1BA$960
Alpine StudiosOsloStudio,1BA$975
Home Place Senior Living1 BD 1 BTH1BR,1BA$1,000
Horizons ApartmentsThe Aspiration2BR,1BA$1,075
Steeplechase at Shiloh Crossing1 Bed 1 Bath A21BR,1BA$1,110
Aspen Pointe ApartmentsSpring1BR,1BA$1,120
Arborwood ApartmentsThe Hawthorn1BR,1BA$1,124
Stanley Terrace1 Bedroom1BR,1BA$1,155
Stone Ridge Flats and TownhomesAzure1BR,1BA$1,164

Best Value Apartments for Rent in Monrovia, IN and Nearby

As of September 12, 2026 the best value apartment in the Monrovia area is the $1.45 price per square foot Pine | Renovated Model at Double Creek Flats Apartments in the in the Avon Creek Estates neighborhood starting from $1,849. The second greatest value Monrovia apartment is the 3B/1L-WD Model at 185 - COUNTRY VIEW APARTMENTS starting at $1,324 with a $1.31 price per square foot in the Morgan County 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.
Double Creek Flats ApartmentsPine | Renovated3BR,2BA$1.45
185 - COUNTRY VIEW APARTMENTS3B/1L-WD3BR,2BA$1.31
Hillcrest Apartments2x1A R2BR,1BA$1.31
Gladden Farms Apartments2 Bedroom 2 Bath 60%2BR,2BA$1.34
Residences on Ronald ReaganDutch1BR,1BA$1.41
Hunter Ridge ApartmentsWAITLIST - 1 & 2 Bedroom Apartments - Hunter Ridge2BR,1BA$1.45
Lakeside at Walnut Hills2 Bed 1 Bath2BR,1BA$1.52
Arborwood ApartmentsThe Ninebark1BR,1BA$1.51
Horizons ApartmentsThe Aspiration2BR,1BA$1.43
Harpers Crossing1 Bedroom1BR,1BA$1.24

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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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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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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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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 Alpine Studios listed at $975.

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

The lowest price for a Cheap One Bedroom Monrovia Apartment is $840 at Harpers Crossing.

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 $513 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 Harpers Crossing and starts from $1,171.

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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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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.