Cheap Homes for Rent near Monrovia, IN from $800 (7 Rentals)

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property at 156 W Main St

$825

1 Bedroom Rentals

Available Now

156 W Main St

MooresvilleIN46158

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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 Home Place Senior Living in the Airport District neighborhood priced from $1,000. Harpers Crossing in the The Settlement - Designer neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,012. Here is today’s list of the most affordable Monrovia apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Home Place Senior Living1 BD 1 BTH1BR,1BA$1,000
Harpers Crossing2 Bedroom2BR,1BA$1,012
Horizons ApartmentsThe Aspiration2BR,1BA$1,075

Best Value Apartments for Rent in Monrovia, IN and Nearby

As of July 25, 2026 the best value apartment in the Monrovia area is the $1.44 price per square foot Pine | Renovated Model at Double Creek Flats Apartments in the in the Avon Creek Estates neighborhood starting from $1,839. The second greatest value Monrovia apartment is the The Fern Model at Arborwood Apartments starting at $1,571 with a $1.31 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Double Creek Flats ApartmentsPine | Renovated3BR,2BA$1.44
Arborwood ApartmentsThe Fern3BR,2BA$1.31
Saratoga Crossing Apartment HomesThe Princeton2BR,2BA$1.43
Harpers Crossing3 Bedroom3BR,1.5BA$1.24
Settlers RunThe Ranch2BR,2BA$1.28
Hillcrest Apartments2x1A2BR,1BA$1.29
Residences on Ronald ReaganDutch1BR,1BA$1.38
Hunter Ridge Apartments2x1H R-Prem2BR,1BA$1.45
Horizons ApartmentsThe Aspiration2BR,1BA$1.43
Aspen Pointe ApartmentsSpring1BR,1BA$1.52

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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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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Frequently Asked Questions about Monrovia

What type of rentals are currently available in Monrovia?

There are currently 45 Apartments for Rent in Monrovia, IN with pricing that ranges from $892 to $3,499. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monrovia ranging from $825 to $2,900.

What is the current price range for Rental Homes in Monrovia?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Monrovia ranges from $825 to $2,900 with an average monthly rent of $1,487.

How much are larger Three and Four Bedroom Rentals in Monrovia?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Monrovia range from $1,295 to $3,499, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $2,495. Four Bedroom Single-Family rentals are also available starting from $1,949 and Four Bedroom Apartments start at $1,490.

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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.