
Cheap Apartments for Rent in Monrovia, IN from $600 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in Monrovia.


185 - COUNTRY VIEW APARTMENTS

Alpine Studios

Home Place Senior Living

Total Monthly Price
Horizons Apartments

Total Monthly Price
Lakeside at Walnut Hills

Stone Ridge Flats and Townhomes
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.

Washington Quarters Apartments

Saratoga Crossing Apartment Homes

Avon Creek

Crown Plaza

60 On The Square: A place live and work.

The Retreat at Mineral Springs

Harpers Crossing
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.

259 N Main St

20 W Chestnut St

419 S Home Ave

60 W Morgan St

170 N Main St

10301 Medallion Dr

Camby Crossing
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.

655 N Graham St

Arborwood Apartments

Aspen Pointe Apartments

215 Cohen Dr

Center Street Apartments

195 W Marion St

1109 Harman 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.

1609 E Morgan St

419 W Highland 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 | $1,174 | $999 | $1,499 |
| Monrovia 1 Bedroom Apartments | $1,546 | $860 | $2,520 |
| Monrovia 2 Bedroom Apartments | $1,822 | $1,015 | $3,280 |
| Monrovia 3 Bedroom Apartments | $2,219 | $1,335 | $3,790 |
| Monrovia 4 Bedroom Apartments | $1,800 | $1,800 | $1,800 |
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 $840. 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 | $840 |
| Stafford Pointe | 1 BR/ 1 BA | 1BR,1BA | $860 |
| Alpine Studios | Nordic | Studio,1BA | $999 |
| Home Place Senior Living | 1 BD 1 BTH | 1BR,1BA | $1,000 |
| Horizons Apartments | The Aspiration | 2BR,1BA | $1,055 |
| Aspen Pointe Apartments | Spring | 1BR,1BA | $1,110 |
| Lakeside at Walnut Hills | 2 Bed 1 Bath | 2BR,1BA | $1,145 |
| Saratoga Crossing Apartment Homes | The Camden | 1BR,1BA | $1,189 |
| Avon Creek | The Bay | 1BR,1BA | $1,195 |
| Crown Plaza | Dover | 1BR,1BA | $1,195 |
Best Value Apartments for Rent in Monrovia, IN and Nearby
As of April 28, 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 $1,814 with a $1.40 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 | $1.40 |
| Elevate 311 Apartments | The Summit - 3 Bedroom 2 Bathroom | 3BR,2BA | $1.09 |
| Canyon Club at Perry Crossing | Bryce (C) | 2BR,2BA | $1.40 |
| Settlers Run | The Ranch | 2BR,2BA | $1.35 |
| Hillcrest Apartments | WAITLIST - Spacious 2-bedroom apartment home! | 2BR,1BA | $1.24 |
| Stanley Terrace | Two Bedroom | 2BR,1BA | $1.32 |
| Arborwood Apartments | The Driftwood | 2BR,2BA | $1.38 |
| Lakeside at Walnut Hills | 2 Bed 1 Bath | 2BR,1BA | $1.35 |
| Harpers Crossing | 1 bdr | 1BR,1BA | $1.24 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 $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 $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 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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.