1407 N Main St
Mount AiryMD21771
Cheap Homes for Rent in Monrovia, MD from $1,600 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Monrovia.
6343 Springwater Terrace
FrederickMD21701
11838 Browningsville Rd
MonroviaMD21770
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.
5742 Meadowood St
New MarketMD21774
5621 Queen Anne Ct
New MarketMD21774
206 N Towne Ct
Mount AiryMD21771
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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Monrovia, MD Local Guide
Smith Island Cake by Jane Thomas 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 | $2,140 | $1,830 | $2,450 |
| Monrovia 3 Bedroom Homes for Rent | $2,856 | $2,399 | $3,950 |
| Monrovia 4 Bedroom Homes for Rent | $3,377 | $2,600 | $4,050 |
| Monrovia 5 Bedroom Homes for Rent | $4,300 | $4,300 | $4,300 |
Browse Top Homes for Rent in Monrovia
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Monrovia, MD Local Guide
- Nearby Cities
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Cheapest Available Monrovia Apartments for Rent and Nearby
The cheapest available apartment rental in Monrovia, MD is a 2 Beds unit found at Sinclair Way in the Taskers Chance neighborhood priced from $886. Watersville Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,195. Here is today’s list of the most affordable Monrovia apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sinclair Way | Two Bedroom | 2BR,1BA | $886 |
| Watersville Apartments | One Bedroom | 1BR,1BA | $1,195 |
| Princeton Court | Studio | Studio,1BA | $1,224 |
Best Value Apartments for Rent in Monrovia, MD and Nearby
As of May 08, 2026 the best value apartment in the Monrovia area is the $1.90 price per square foot Maplewood 2 BR 1 BA APT Model at Greenhills Townhomes & Apartments in the in the Windsor Knolls neighborhood starting from $2,095. The second greatest value Monrovia apartment is the The Paris Model at Clearbrook Apartments starting at $2,034 with a $1.86 price per square foot in the Taskers Chance 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. |
|---|---|---|---|
| Greenhills Townhomes & Apartments | Maplewood 2 BR 1 BA APT | 2BR,1BA | $1.90 |
| Clearbrook Apartments | The Paris | 2BR,2BA | $1.86 |
| Potomac Commons | 1 Bedroom | 1BR,1BA | $1.88 |
| Foundry Square Apartments | 2 Bedroom- Iron Hall | 2BR,2BA | $2.05 |
| Francis Scott Key | Two Bedroom/1.5 Bath (TC) | 2BR,1.5BA | $1.94 |
| Victoria Park at Walkersville Senior Apartments | The Grand | 2BR,1BA | $1.79 |
| Fieldpointe | The Dogwood | 2BR,2BA | $1.87 |
| Elms Clarksburg Village (INACTIVE) | Ashford | 1BR,1BA | $2.09 |
| Watersville Apartments | One Bedroom | 1BR,1BA | $1.71 |
| Sinclair Way | One Bedroom | 1BR,1BA | $1.51 |
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 Article
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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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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Frequently Asked Questions about Monrovia
What type of rentals are currently available in Monrovia?
There are currently 42 Apartments for Rent in Monrovia, MD with pricing that ranges from $886 to $3,470. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monrovia ranging from $1,650 to $4,300.
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 $1,650 to $4,300 with an average monthly rent of $2,864.
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 $998 to $3,455, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,399 to $3,950. Four Bedroom Single-Family rentals are also available starting from $2,600 and Four Bedroom Apartments start at $2,539.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
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.