
Cheap Apartments for Rent near Monterey, MA from $800 (46 Rentals)
Search the lowest-cost Apartments available for rent right now in Monterey.


Total Monthly Price
Chicopee Village Townhomes

Gilbert Clock Apartments

Brookgate Apartments

Georgetown Gardens

Hillcrest Arms Apartments

Winthrop Court Apartments

Evergreen Manor Apartments

Longhill Gardens
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Mill at Still River

The Courtyards

Joslen Commons Apartments

Olympia Manor

Total Monthly Price
ReNew East Granby

Simsbury Center Apartments

Edgewood Apartments

Country Manor

Total Monthly Price
Luminary Simsbury Meadows
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Brookview Townhomes

Total Monthly Price
Devonshire Place Apartments Owner

Total Monthly Price
The Willows

Southwood Acres

Total Monthly Price
The Pointe at Dorset Crossing

Total Monthly Price
Highcroft Apartments

Greenway Village

465 Chapel St

Summit Place Apartments
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Valley View Apartments

Pinetree Apartments

329 Beech St

Brookside Apartments

Holly House

Hilltop Garden Apartments

Lansdowne Place

936 Main St

7 North St
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.

Oakwood Terrace

Westwood Court Townhouses

Elizabeth Manor

Mahaiwe Building

60 Prince Street

11449 NY-22

151 Valley View Rd

14 Franco Terrace

34 Rock St
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.

Ensign House
Monterey, MA Local Guide

How much does it cost to rent an apartment in Monterey?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Monterey Studio Apartments | $1,771 | $1,150 | $2,383 |
| Monterey 1 Bedroom Apartments | $2,189 | $1,096 | $2,850 |
| Monterey 2 Bedroom Apartments | $2,470 | $1,280 | $3,630 |
| Monterey 3 Bedroom Apartments | $3,486 | $1,480 | $4,900 |
| Monterey 4 Bedroom Apartments | $4,420 | $4,020 | $5,075 |
Browse Top Apartments in Monterey
See all Apartments in MontereyExplore Monterey
Monterey, MA Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Monterey Apartments for Rent and Nearby
 The cheapest available apartment rental in Monterey, MA is a Studio unit found at Lenox Schoolhouse Apartments priced from $1,082. Brookgate Apartments in the Litchfield County neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,150. Here is today’s list of the most affordable Monterey apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lenox Schoolhouse Apartments | Large Studio 55 and Older | Studio,1BA | $1,082 |
| Brookgate Apartments | Studio | Studio,1BA | $1,150 |
| Gilbert Clock Apartments | Studio | Studio,1BA | $1,150 |
| Hillcrest Arms Apartments | Studio | Studio,1BA | $1,175 |
| Winthrop Court Apartments | Studio | Studio,1BA | $1,200 |
| Mill at Still River | 1BD Classic | 1BR,1BA | $1,500 |
| The Courtyards | The Traditional | Studio,1BA | $1,529 |
| Joslen Commons Apartments | 1 Bedroom Classic | 1BR,1BA | $1,575 |
| Olympia Manor | 2BR/1BA | 2BR,1BA | $1,600 |
| Edgewood Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $1,693 |
Best Value Apartments for Rent in Monterey, MA and Nearby
As of July 21, 2026 the best value apartment in the Monterey area is the $2.19 price per square foot The Hillcrest Model at The Grand Meadows in the in the Poquonock neighborhood starting from $3,720. The second greatest value Monterey apartment is the 2 Bedroom Model at Greenway Village starting at $2,700 with a $2.08 price per square foot in the West Granby neighborhood. 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 Grand Meadows | The Hillcrest | 3BR,2.5BA | $2.19 |
| Greenway Village | 2 Bedroom | 2BR,2.5BA | $2.08 |
| 29 Water St Apartments | Two Bedroom | 2BR,1BA | $1.64 |
| Edgewood Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.81 |
| Brookview Townhomes | 2 Bedroom | 2BR,1.5BA | $2.11 |
| Longhill Gardens | 2 Bedroom | 2BR,1BA | $2.14 |
| Olympia Manor | 2BR/1BA | 2BR,1BA | $2.00 |
| Mill at Still River | 1BD Classic | 1BR,1BA | $1.97 |
| Gilbert Clock Apartments | Studio | Studio ,1BA | $1.92 |
| Lenox Schoolhouse Apartments | Large Studio 55 and Older | Studio ,1BA | $2.08 |
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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Monterey, MA Rentals by Map
See the most popular apartments and homes in Monterey, MA
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 Lenox Schoolhouse Apartments listed at $1,082.
How much is rent for a Cheap One Bedroom Monterey Apartment?
The lowest price for a Cheap One Bedroom Monterey Apartment is $1,250 at Brookgate 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 $1,350 at Gilbert Clock Apartments.
What is the most affordable Monterey Three Bedroom Apartment?
The best deal on a cheap Monterey Three Bedroom Apartment rental is at Forge and starts from $2,495.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.