Cheap Apartments for Rent in Monterey, IN from $600 (53 Rentals)
Search the lowest-cost Apartments available for rent right now in Monterey.

MILLSTONE APARTMENTS

Mallard and HI-TEC Apartments

2934 S 300 W

Ironwood Village

Irish Hills Apartments

Wabash River Commons

Centennial Crossing

Northpointe/Lakepointe Apartment Homes

Laporte Commons Apartments

Welcome to Tippe River Downs

Viewpointe Apartment Homes

Bremen Park Apartments

Roselawn Apartments

Lakeview Apartments

Fox Village Apartment Homes

The Banks

Orchard Ridge

Briar Ridge Apartments

The Residences at Belleville Park

Autumn Lakes Apartments and Townhomes

3489 W 100 S

1706 Tippecanoe Dr

1612 Tippecanoe Dr

221 Columbia St

3451 W 100 N

3489 W 100 N

419 S Indiana St

59 W Riverside Dr

807 Wood St

709 W Market St

1316 W Indiana Ave

215 E Winona Ave

232 E Irvington Ave

37044 Carswell Ct

411 Parker St

305 E Victoria St

1906 Sand Dollar Dr

2110 S Gertrude St

509 Oak Glen Dr

3415 Whitcomb Ave

292 Hadley Rd

529 S Kenmore St

907 Jackson St

2013 S Olive St
Monterey, IN Local Guide

How much does it cost to rent an apartment in Monterey?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Monterey Studio Apartments | $952 | $899 | $1,005 |
Monterey 1 Bedroom Apartments | $1,204 | $699 | $3,947 |
Monterey 2 Bedroom Apartments | $1,344 | $799 | $5,324 |
Monterey 3 Bedroom Apartments | $2,109 | $1,148 | $9,099 |
Monterey 4 Bedroom Apartments | $1,660 | $1,560 | $1,710 |
Browse Top Apartments in Monterey
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Monterey, IN Local Guide
- Nearby Cities
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- School Districts
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Pechewa Place | Upstairs 1 Bedroom | 1BR,1BA | $699 |
MILLSTONE APARTMENTS | 1 bedroom | 1BR,1BA | $750 |
Centennial Crossing | Senior Villa 1x1 | 1BR,1BA | $845 |
Wabash River Commons | 1B1B TRAD | 1BR,1BA | $845 |
Irish Hills Apartments | Classic One Bedroom | 1BR,1BA | $872 |
Welcome to Tippe River Downs | 1x1 Senior Villa | 1BR,1BA | $899 |
Mallard and HI-TEC Apartments | 2 Beds, 1 bath | 2BR,1BA | $935 |
Roselawn Apartments | 1 Bed, 1 bath | 1BR,1BA | $950 |
Lakeview Apartments | 1 Bed, 1 bath | 1BR,1BA | $985 |
Ironwood Village | Two Bedroom | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Residences at Belleville Park | 4 Bedroom | 4BR,2BA | $1.25 |
Redwood Warsaw | Forestwood | 2BR,2BA | $1.26 |
Ironwood Village | Two Bedroom | 2BR,1BA | $1.00 |
Wabash River Commons | 2B2B SENIOR | 2BR,2BA | $1.18 |
Kuder Estates | Two Bedroom One Bathroom | 2BR,1BA | $1.06 |
Mallard and HI-TEC Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.04 |
Viewpointe Apartment Homes | J-2 BD | 2BR,1BA | $1.31 |
The Square | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.33 |
Lakeview Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.28 |
MILLSTONE APARTMENTS | 1 bedroom | 1BR,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
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 $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.

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.

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.

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.

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.