
Cheap Homes for Rent in Monterey, IN from $300 (15 Rentals)
Search the lowest-cost Homes available for rent right now in Monterey.


1708 Tippecanoe Dr

221 Columbia St

419 S Indiana St

3451 W 100 N
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.

3481 W 100 S

3489 W 100 N
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.

59 W Riverside Dr

807 Wood St

37044 Carswell Ct

602 N Union St

1405 Jefferson Ave

292 Hadley Rd

1630 S Jackson St
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.

1709 S Warren St
Monterey, IN Local Guide

How much does it cost to rent a home in Monterey?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Monterey 2 Bedroom Homes for Rent | $1,062 | $350 | $3,100 |
Monterey 3 Bedroom Homes for Rent | $1,480 | $375 | $2,200 |
Monterey 4 Bedroom Homes for Rent | $1,718 | $1,450 | $2,400 |
Browse Top Homes for Rent in Monterey
Explore Monterey
Monterey, IN Local Guide
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Cheapest Available Monterey Apartments for Rent and Nearby
 The cheapest available apartment rental in Monterey, IN is a Studio unit found at 900 North St priced from $599. Pechewa Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here is today’s list of the most affordable Monterey apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
900 North St | Studio | Studio,1BA | $599 |
Pechewa Place | Upstairs 1 Bedroom | 1BR,1BA | $699 |
MILLSTONE APARTMENTS | 1 bedroom | 1BR,1BA | $750 |
Wabash River Commons | 1B1B TRAD | 1BR,1BA | $845 |
Centennial Crossing | Senior Villa 1x1 | 1BR,1BA | $940 |
Best Value Apartments for Rent in Monterey, IN and Nearby
As of September 06, 2025 the best value apartment in the Monterey area is the $1.33 price per square foot Haydenwood w/ Sunroom Model at Redwood Warsaw in the starting from $2,149. The second greatest value Monterey apartment is the 2B2B SENIOR Model at Wabash River Commons starting at $1,145 with a $1.18 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. |
---|---|---|---|
Redwood Warsaw | Haydenwood w/ Sunroom | 2BR,2BA | $1.33 |
Wabash River Commons | 2B2B SENIOR | 2BR,2BA | $1.18 |
Kuder Estates | Two Bedroom One Bathroom | 2BR,1BA | $1.03 |
Fox Village Apartment Homes | 2B/1B | 2BR,1BA | $1.06 |
Lakeland Villa Apartments | 2 x 1 washer/dryer | 2BR,1BA | $1.16 |
Centennial Crossing | Traditional 2x2 | 2BR,2BA | $1.35 |
Mallard and HI-TEC Apartments | Two bedroom/1 bath | 2BR,1BA | $1.09 |
900 North St | Studio | Studio ,1BA | $0.86 |
MILLSTONE APARTMENTS | 1 bedroom | 1BR,1BA | $1.12 |
Pechewa Place | Downstairs Single Story Building 1 Bedroom | 1BR,1BA | $1.33 |
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Monterey, IN
Frequently Asked Questions about Monterey
What type of rentals are currently available in Monterey?
There are currently 37 Apartments for Rent in Monterey, IN with pricing that ranges from $386 to $3,167. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monterey ranging from $285 to $3,100.
What is the current price range for Rental Homes in Monterey?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Monterey ranges from $285 to $3,100 with an average monthly rent of $1,202.
How much are larger Three and Four Bedroom Rentals in Monterey?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Monterey range from $1,225 to $3,167, while Three Bedroom Homes, Condos, and Townhomes for rent range from $375 to $2,200. Four Bedroom Single-Family rentals are also available starting from $1,450 and Four Bedroom Apartments start at $1,560.
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.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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.