
Cheap Apartments for Rent in Monrovia, IN from $400 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in Monrovia.


Alpine Studios

Horizons Apartments

Gladden Farms

185 - COUNTRY VIEW APARTMENTS
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.

Home Place Senior Living

60 On The Square: A place live and work.

315 N Lehr 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.

107 S Church St

489 E Harrison St

419 S Home Ave

10301 Medallion Dr
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

How much does it cost to rent an apartment in Monrovia?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Monrovia Studio Apartments | $1,188 | $892 | $1,599 |
Monrovia 1 Bedroom Apartments | $1,439 | $860 | $2,732 |
Monrovia 2 Bedroom Apartments | $1,649 | $1,015 | $3,223 |
Monrovia 3 Bedroom Apartments | $1,865 | $1,298 | $5,438 |
Monrovia 4 Bedroom Apartments | $1,826 | $1,418 | $1,899 |
Browse Top Apartments in Monrovia
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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 Harpers Crossing in the The Settlement - Designer neighborhood priced from $438. 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 |
---|---|---|---|
Harpers Crossing | 1 bdr | 1BR,1BA | $438 |
Stafford Pointe | 1 BR/ 1 BA | 1BR,1BA | $860 |
Home Place Senior Living | 1 BD 1 BTH | 1BR,1BA | $1,000 |
Alpine Studios | Oslo | Studio,1BA | $1,084 |
Aspen Pointe Apartments | Spring | 1BR,1BA | $1,110 |
Best Value Apartments for Rent in Monrovia, IN and Nearby
As of July 23, 2025 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 Sapphire Model at Stone Ridge Flats and Townhomes starting at $1,413 with a $1.25 price per square foot in the Airport District 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 |
Stone Ridge Flats and Townhomes | Sapphire | 3BR,2BA | $1.25 |
Settlers Run | The Ranch | 2BR,2BA | $1.38 |
Hillcrest Apartments | 2x1A R | 2BR,1BA | $1.28 |
Crown Plaza | 2 Beds, 2 baths | 2BR,2BA | $1.45 |
Camby Crossing | 2x2 | 2BR,2BA | $1.51 |
Residences on Ronald Reagan | Dutch | 1BR,1BA | $1.48 |
Hunter Ridge Apartments | 2x1H R-Prem | 2BR,1BA | $1.50 |
Center Street Apartments | B1 R | 2BR,1BA | $1.50 |
Harpers Crossing | 1 bdr | 1BR,1BA | $0.65 |
Quick 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.
Pet Friendly LifestyleMonrovia, IN
Ranked #173
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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
Getting Around Monrovia, IN
Walk Score®
28 / 100
Car-Dependent
Most errands require a car
Bike Score®
30 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,084.
How much is rent for a Cheap One Bedroom Monrovia Apartment?
The lowest price for a Cheap One Bedroom Monrovia Apartment is $438 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 $1,015 at Stafford Pointe.
What is the most affordable Monrovia Three Bedroom Apartment?
The best deal on a cheap Monrovia Three Bedroom Apartment rental is at Stone Ridge Flats and Townhomes and starts from $1,299.
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.