Cheap Apartments for Rent in Monterey, IN from $400 (38 Rentals)

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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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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.

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900 North St
Studio to 1 Bedroom Apartments

900 North St

900 North StLogansport, IN 46947

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.

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The 2525
1 to 4 Bedroom Apartments

The 2525

2525 Durbin StWarsaw, IN 46580
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-38, Page 1 of 1

Monterey, IN Local Guide

Cheapest Available Monterey Apartments for Rent and Nearby

 

The cheapest available apartment rental in Monterey, IN is a Studio unit found at Courts of Colfax Apartments priced from $750. 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
Courts of Colfax ApartmentsWinonaStudio,1BA$750
MILLSTONE APARTMENTS1 bedroom1BR,1BA$750
Hilltop Ridge2 bed 1 bath2BR,1BA$830
Wabash River Commons1B1B TRAD1BR,1BA$845
Mallard and HI-TEC Apartments1 Bed, 1 bath1BR,1BA$865
Viewpointe Apartment HomesA-StudioStudio,1BA$899
Roselawn Apartments1Bed/1Bath1BR,1BA$900
Centennial CrossingSenior Villa 1x11BR,1BA$940
Orchard Ridge1 Bedroom1BR,1BA$980
Northpointe/Lakepointe Apartment HomesL- 2x12BR,1BA$989

Best Value Apartments for Rent in Monterey, IN and Nearby

As of January 26, 2026 the best value apartment in the Monterey area is the $1.19 price per square foot 2B2B TOWNHOME Model at Wabash River Commons in the starting from $1,345. The second greatest value Monterey apartment is the 2B Pond Model at The Fields of New Durham Apartment Homes starting at $1,360 with a $1.23 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.
Wabash River Commons2B2B TOWNHOME2BR,2BA$1.19
The Fields of New Durham Apartment Homes2B Pond2BR,2BA$1.23
MILLSTONE APARTMENTS3 bedroom3BR,2BA$1.24
Northpointe/Lakepointe Apartment HomesL- 2x12BR,1BA$1.04
Culver DunesTraditional Apartments2BR,2BA$1.18
Lakeview Apartments2 Beds, 1 bath2BR,1BA$1.08
Lakeland Villa Apartments2x12BR,1BA$1.10
Centennial CrossingTraditional 2x22BR,2BA$1.35
Hilltop Ridge2 Beds, 1 bath2BR,1BA$1.00
Laporte Commons ApartmentsTwo Bedroom2BR,1BA$1.33

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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The 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.

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Cash 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.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Monterey, IN Rentals by Map

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See the most popular apartments and homes in Monterey, IN

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Frequently Asked Questions about Cheap Monterey Apartments

What is the Cheapest Studio apartment in Monterey?

Currently the most affordable Cheap Studio Apartment in Monterey is at Courts of Colfax Apartments listed at $750.

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

The lowest price for a Cheap One Bedroom Monterey Apartment is $750 at MILLSTONE APARTMENTS.

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 $830 at Hilltop Ridge.

What is the most affordable Monterey Three Bedroom Apartment?

The best deal on a cheap Monterey Three Bedroom Apartment rental is at Hilltop Ridge and starts from $976.

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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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.