Cheap Apartments for Rent in Monterey, IN from $700 (37 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article

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.

Read Article
close
View Me
The 2525
1 to 4 Bedroom Apartments

The 2525

2525 Durbin StWarsaw, IN 46580
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article
close
View Me
409 S Maple St
2 Bedroom Apartments

409 S Maple St

409 S Maple StKouts, IN 46347
Showing Results 1-37, 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 $799. Centennial Crossing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $845. Here is today’s list of the most affordable Monterey apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Pechewa PlaceDownstairs 1 Bedroom1BR,1BA$799
Centennial CrossingSenior Villa 1x11BR,1BA$845
Wabash River Commons1B1B TRAD1BR,1BA$845
MILLSTONE APARTMENTS2 bedroom 1 bath2BR,1BA$850
Roselawn Apartments1 Bed, 1 bath1BR,1BA$850
Welcome to Tippe River Downs1x1 Senior Villa1BR,1BA$899
Lakeview Apartments1 Bed, 1 bath1BR,1BA$935
Mallard and HI-TEC Apartments2 Beds, 1 bath2BR,1BA$935
Irish Hills ApartmentsSeville One Bedroom1BR,1BA$948
Ironwood VillageTwo Bedroom2BR,1BA$988

Best Value Apartments for Rent in Monterey, IN and Nearby

As of June 05, 2025 the best value apartment in the Monterey area is the $1.26 price per square foot Three Bedroom Two-story Model at Autumn Lakes Apartments and Townhomes in the in the River Park neighborhood starting from $2,640. The second greatest value Monterey apartment is the 2B Model at The Fields of New Durham Apartment Homes starting at $1,279 with a $1.16 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.
Autumn Lakes Apartments and TownhomesThree Bedroom Two-story3BR,2.5BA$1.26
The Fields of New Durham Apartment Homes2B2BR,2BA$1.16
Ironwood VillageTwo Bedroom2BR,1BA$1.00
MILLSTONE APARTMENTS2 bedroom 1 bath2BR,1BA$0.87
Wabash River Commons2B2B SENIOR2BR,2BA$1.18
Kuder EstatesTwo Bedroom One Bathroom2BR,1BA$1.05
Briarwood Apartments and Villas2 Bedroom/ 2 Bath2BR,2BA$1.28
Lakeview Apartments2 Beds, 2 baths2BR,2BA$1.27
Mallard and HI-TEC Apartments2 Beds, 1 bath2BR,1BA$1.04
Roselawn Apartments1 Bed, 1 bath1BR,1BA$1.34

Quick 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.

decorative image of people with a giant lease agreement

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

Explore Monterey, IN Rentals by Map

Decorative image of map

See the most popular apartments and homes in Monterey, IN

View MapMonterey, IN Apartments MapView MapMonterey, IN Rental Homes Map

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

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $799 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 $850 at MILLSTONE APARTMENTS.

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 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.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.