Cheap Apartments for Rent in Monrovia, IN from $400 (30 Rentals)

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

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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Stanley Terrace
1 to 3 Bedroom Apartments

Stanley Terrace

451 N Vine StPlainfield, IN 46168

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 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.

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Camby Crossing
1 to 3 Bedroom Apartments

Camby Crossing

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

Harpers Crossing

311 Harpers CrossingPlainfield, IN 46168

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.

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 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 ListingModel NameBed/BathPriced From
Stanley TerraceOne Bedroom1BR,1BA$423
Stafford Pointe1 BR/ 1 BA1BR,1BA$860
Horizons ApartmentsThe Vision1BR,1BA$925
Aspen Pointe ApartmentsHickoryStudio,1BA$975
Home Place Senior Living1 BD 1 BTH1BR,1BA$1,000
Arborwood ApartmentsThe Hawthorn1BR,1BA$1,099
Harpers Crossing1 bdr1BR,1BA$1,100
Lakeside at Walnut Hills2 Bed 1 Bath2BR,1BA$1,145
Crown PlazaDover1BR,1BA$1,150
Alpine StudiosAlpine1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Stafford Pointe3 BR/ 1.5 BA Townhouse3BR,1.5BA$1.33
Redwood DanvilleForestwood2BR,2BA$1.29
Gladden Farms ApartmentsThe Summit - 3 Bedroom 2 Bathroom3BR,2BA$1.09
Settlers RunThe Ranch2BR,2BA$1.38
Hillcrest Apartments2x1A R2BR,1BA$1.24
Avon CreekThe Jr Brook2BR,2BA$1.44
Arborwood ApartmentsThe Driftwood2BR,2BA$1.38
Hunter Ridge Apartments2x1H R2BR,1BA$1.42
Lakeside at Walnut Hills2 Bed 1 Bath2BR,1BA$1.35
Stanley TerraceTwo Bedroom2BR,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.

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The 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.

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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.

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Quick Rent Budget Calculator

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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

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

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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.

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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.

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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.

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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.