Cheap Apartments for Rent in Monterey, IN from $600 (53 Rentals)

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The 2525
1 to 4 Bedroom Apartments

The 2525

2525 Durbin StWarsaw, IN 46580
  • Utilities Included
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409 S Maple St
2 Bedroom Apartments

409 S Maple St

409 S Maple StKouts, IN 46347

Monterey, IN Local Guide

Cheapest Available Monterey Apartments for Rent and Nearby

 

The cheapest available apartment rental in Monterey, IN is a 1 Bed unit found at Pechewa Place priced from $699. MILLSTONE APARTMENTS has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Monterey apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Pechewa PlaceUpstairs 1 Bedroom1BR,1BA$699
MILLSTONE APARTMENTS1 bedroom1BR,1BA$750
Centennial CrossingSenior Villa 1x11BR,1BA$845
Wabash River Commons1B1B TRAD1BR,1BA$845
Irish Hills ApartmentsClassic One Bedroom1BR,1BA$872
Welcome to Tippe River Downs1x1 Senior Villa1BR,1BA$899
Mallard and HI-TEC Apartments2 Beds, 1 bath2BR,1BA$935
Roselawn Apartments1 Bed, 1 bath1BR,1BA$950
Lakeview Apartments1 Bed, 1 bath1BR,1BA$985
Ironwood VillageTwo Bedroom2BR,1BA$988

Best Value Apartments for Rent in Monterey, IN and Nearby

As of July 22, 2025 the best value apartment in the Monterey area is the $1.25 price per square foot 4 Bedroom Model at The Residences at Belleville Park in the in the Rum Village neighborhood starting from $1,710. The second greatest value Monterey apartment is the Forestwood Model at Redwood Warsaw starting at $1,624 with a $1.26 price per square foot . Here is today’s list of the best values for Monterey apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Residences at Belleville Park4 Bedroom4BR,2BA$1.25
Redwood WarsawForestwood2BR,2BA$1.26
Ironwood VillageTwo Bedroom2BR,1BA$1.00
Wabash River Commons2B2B SENIOR2BR,2BA$1.18
Kuder EstatesTwo Bedroom One Bathroom2BR,1BA$1.06
Mallard and HI-TEC Apartments2 Beds, 1 bath2BR,1BA$1.04
Viewpointe Apartment HomesJ-2 BD2BR,1BA$1.31
The Square2 Bedroom 1 Bathroom2BR,1BA$1.33
Lakeview Apartments1 Bed, 1 bath1BR,1BA$1.28
MILLSTONE APARTMENTS1 bedroom1BR,1BA$1.12

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Getting Around Monterey, IN

Walk Score®

3 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

31 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Monterey Apartments

How much is rent for a Cheap One Bedroom Monterey Apartment?

The lowest price for a Cheap One Bedroom Monterey Apartment is $699 at Pechewa Place.

What is the lowest price for a Cheap Two Bedroom Monterey Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Monterey is starting from $799 at Pechewa Place.

What is the most affordable Monterey Three Bedroom Apartment?

The best deal on a cheap Monterey Three Bedroom Apartment rental is at Ironwood Village and starts from $1,148.

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

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.