
Cheap Apartments for Rent in Monrovia, IN from $400 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in Monrovia.


Hunter Ridge Apartments

Alpine Studios

Horizons Apartments

185 - COUNTRY VIEW APARTMENTS

Home Place Senior Living

Arborwood 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.

Total Monthly Price
Lakeside at Walnut Hills

Crown Plaza

Stone Ridge Flats and Townhomes

Settlers Run

Saratoga Crossing Apartment Homes

60 On The Square: A place live and work.

Stanley Terrace
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.

The Retreat at Mineral Springs

107 S Church St

5145 Mecca St

41 Pine Dr

630 N Cherry St

259 N Main St

3047 Foltz 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.

170 N Main St

Aspen Pointe Apartments

Camby Crossing

635 Graham Dr

48 1/2 E Main St

Harpers Crossing

Center Street Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

419 W Highland St

1609 E Morgan St
Monrovia, IN Local Guide

How much does it cost to rent an apartment in Monrovia?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monrovia Studio Apartments | $1,101 | $892 | $1,459 |
| Monrovia 1 Bedroom Apartments | $1,536 | $860 | $2,271 |
| Monrovia 2 Bedroom Apartments | $1,822 | $1,015 | $3,446 |
| Monrovia 3 Bedroom Apartments | $2,180 | $1,250 | $4,073 |
| Monrovia 4 Bedroom Apartments | $1,715 | $1,505 | $1,799 |
Browse Top Apartments in Monrovia
See all Apartments in MonroviaExplore Monrovia
Monrovia, IN Local Guide
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Cheapest Available Monrovia Apartments for Rent and Nearby
 The cheapest available apartment rental in Monrovia, IN is a 1 Bed unit found at Stanley Terrace in the The Settlement - Designer neighborhood priced from $423. Stafford Pointe in the The Settlement - Designer neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $860. Here is today’s list of the most affordable Monrovia apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Stanley Terrace | One Bedroom | 1BR,1BA | $423 |
| Stafford Pointe | 1 BR/ 1 BA | 1BR,1BA | $860 |
| Horizons Apartments | The Vision | 1BR,1BA | $925 |
| Aspen Pointe Apartments | Hickory | Studio,1BA | $975 |
| Home Place Senior Living | 1 BD 1 BTH | 1BR,1BA | $1,000 |
| Arborwood Apartments | The Hawthorn | 1BR,1BA | $1,099 |
| Harpers Crossing | 1 bdr | 1BR,1BA | $1,100 |
| Lakeside at Walnut Hills | 2 Bed 1 Bath | 2BR,1BA | $1,145 |
| Crown Plaza | Dover | 1BR,1BA | $1,150 |
| Alpine Studios | Alpine | 1BR,1BA | $1,179 |
Best Value Apartments for Rent in Monrovia, IN and Nearby
As of March 14, 2026 the best value apartment in the Monrovia area is the $1.33 price per square foot 3 BR/ 1.5 BA Townhouse Model at Stafford Pointe in the in the The Settlement - Designer neighborhood starting from $1,810. The second greatest value Monrovia apartment is the Forestwood Model at Redwood Danville starting at $1,674 with a $1.29 price per square foot in the Lizton Clayton neighborhood. Here is today’s list of the best values for Monrovia apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Stafford Pointe | 3 BR/ 1.5 BA Townhouse | 3BR,1.5BA | $1.33 |
| Redwood Danville | Forestwood | 2BR,2BA | $1.29 |
| Gladden Farms Apartments | The Summit - 3 Bedroom 2 Bathroom | 3BR,2BA | $1.09 |
| Settlers Run | The Ranch | 2BR,2BA | $1.38 |
| Hillcrest Apartments | 2x1A R | 2BR,1BA | $1.24 |
| Avon Creek | The Jr Brook | 2BR,2BA | $1.44 |
| Arborwood Apartments | The Driftwood | 2BR,2BA | $1.38 |
| Hunter Ridge Apartments | 2x1H R | 2BR,1BA | $1.42 |
| Lakeside at Walnut Hills | 2 Bed 1 Bath | 2BR,1BA | $1.35 |
| Stanley Terrace | Two Bedroom | 2BR,1BA | $1.23 |
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 Monrovia, IN Rentals by Map
See the most popular apartments and homes in Monrovia, IN
Frequently Asked Questions about Cheap Monrovia Apartments
How much is rent for a Cheap One Bedroom Monrovia Apartment?
The lowest price for a Cheap One Bedroom Monrovia Apartment is $423 at Stanley Terrace.
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 $1,008 at Stanley Terrace.
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

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.