Cheap Apartments for Rent in Monterey, IN from $400 (26 Rentals)

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Search the lowest-cost Apartments available for rent right now in Monterey.

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.

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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
Showing Results 1-26, 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 1 Bed unit found at Pechewa Place priced from $729. Courts of Colfax Apartments has the second lowest priced unit, which is a Studio 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$729
Courts of Colfax ApartmentsWinonaStudio,1BA$750
Hilltop RidgeMid Income Qualify2BR,1BA$776
The DunesSenior Villa One Bed1BR,1BA$845
Millstone Apartments2 bedroom 1 bath2BR,1BA$850
Wabash River Commons1B1B SENIOR1BR,1BA$895
Roselawn Apartments1Bed/1Bath1BR,1BA$900
Laporte Commons ApartmentsOne Bedrom1BR,1BA$900
Viewpointe Apartment HomesA-StudioStudio,1BA$938
Irish Hills ApartmentsClassic One Bedroom1BR,1BA$965

Best Value Apartments for Rent in Monterey, IN and Nearby

As of April 30, 2026 the best value apartment in the Monterey area is the $1.36 price per square foot Phase 2 Model at The Villas at County Farm Crossing in the starting from $2,450. 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.
The Villas at County Farm CrossingPhase 22BR,2BA$1.36
The Fields of New Durham Apartment Homes2B Pond2BR,2BA$1.23
Millstone Apartments2 bedroom 1 bath2BR,1BA$0.87
Lakeland Villa Apartments***WAIT LIST APPLICATION***2BR,2BA$1.30
The Square2 Bedroom 1 Bathroom2BR,1BA$1.33
The DunesOne Bed Traditional Apartments1BR,1BA$1.31
Laporte Commons ApartmentsTwo Bedroom2BR,1BA$1.33
Hilltop Ridge1 bed 1 bath1BR,1BA$1.21
Courts of Colfax ApartmentsWinonaStudio ,1BA$1.24
Pechewa PlaceDownstairs 1 Bedroom1BR,1BA$1.22

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.

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

Explore Monterey, IN Rentals by Map

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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 $729 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 $776 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 Briar Ridge Apartments and starts from $1,425.

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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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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.

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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.