340 S Ohio St
MartinsvilleIN46151
Cheap Homes for Rent in Monrovia, IN from $800 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Monrovia.
107 S Church St
BrooklynIN46111
259 N Main St
MartinsvilleIN46151
419 S Home Ave
MartinsvilleIN46151
60 W Morgan St
MartinsvilleIN46151
170 N Main St
MartinsvilleIN46151
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.
409 S Home Ave
MartinsvilleIN46151
10301 Medallion Dr
IndianapolisIN46231
655 N Graham St
MartinsvilleIN46151
195 W Marion St
DanvilleIN46122
1609 E Morgan St
MartinsvilleIN46151
419 W Highland St
MartinsvilleIN46151
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.
Showing Results 1-12, Page 1 of 1
Monrovia, IN Local Guide
Trail in Indiana by Dave Herrmann is licensed under CC BY 2.0
How much does it cost to rent a home in Monrovia?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monrovia 2 Bedroom Homes for Rent | $1,121 | $950 | $1,400 |
| Monrovia 3 Bedroom Homes for Rent | $1,932 | $1,450 | $2,330 |
| Monrovia 4 Bedroom Homes for Rent | $2,165 | $2,035 | $2,295 |
| Monrovia 5 Bedroom Homes for Rent | $2,458 | $1,950 | $2,750 |
Browse Top Homes for Rent in Monrovia
Explore 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. Harpers Crossing in the The Settlement - Designer neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $840. 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 |
| 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 |
Best Value Apartments for Rent in Monrovia, IN and Nearby
As of April 24, 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 The Summit - 3 Bedroom 2 Bathroom Model at Elevate 311 Apartments starting at $1,300 with a $1.09 price per square foot in the The Settlement - Designer 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 |
| Elevate 311 Apartments | The Summit - 3 Bedroom 2 Bathroom | 3BR,2BA | $1.09 |
| Settlers Run | The Ranch | 2BR,2BA | $1.34 |
| Hillcrest Apartments | WAITLIST - Spacious 2-bedroom apartment home! | 2BR,1BA | $1.24 |
| Stanley Terrace | Two Bedroom | 2BR,1BA | $1.06 |
| Arborwood Apartments | The Driftwood | 2BR,2BA | $1.40 |
| Hunter Ridge Apartments | 2x1H R | 2BR,1BA | $1.42 |
| Lakeside at Walnut Hills | 2 Bed 1 Bath | 2BR,1BA | $1.35 |
| Horizons Apartments | The Aspiration | 2BR,1BA | $1.41 |
| 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 Article
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.
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Explore Monrovia, IN Rentals by Map
See the most popular apartments and homes in Monrovia, IN
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 $423 to $3,896. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monrovia ranging from $800 to $2,750.
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 $800 to $2,750 with an average monthly rent of $1,583.
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.