
Cheap Homes for Rent near Monterey, MA from $1,500 (4 Rentals)
Search the lowest-cost Homes available for rent right now in Monterey.


59 Cook St
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.

14 Franco Terrace

10 Scammell Ave
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.
Monterey, MA Local Guide

How much does it cost to rent a home in Monterey?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Monterey 2 Bedroom Homes for Rent | $2,487 | $1,500 | $3,500 |
| Monterey 3 Bedroom Homes for Rent | $3,986 | $2,000 | $8,000 |
| Monterey 4 Bedroom Homes for Rent | $10,945 | $3,200 | $10,000+ |
| Monterey 5 Bedroom Homes for Rent | $12,000 | $10,000 | $10,000+ |
| Monterey 7 Bedroom Homes for Rent | $5,000 | $5,000 | $5,000 |
Browse Top Homes for Rent in Monterey
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Monterey, MA Local Guide
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Best Value Apartments for Rent in Monterey, MA and Nearby
As of September 05, 2026 the best value apartment in the Monterey area is the $1.99 price per square foot The Emory Model at The Grand Luxury Apartments and Homes in the in the West Granby neighborhood starting from $3,504. The second greatest value Monterey apartment is the 3 Bedroom Model at Forge starting at $2,495 with a $1.86 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 Grand Luxury Apartments and Homes | The Emory | 3BR,2.5BA | $1.99 |
| Forge | 3 Bedroom | 3BR,2BA | $1.86 |
| Stissing Farms | 2 Bed, 2 Bath - Home | 2BR,2BA | $2.04 |
| 55 Katharine St | 3rd Floor | 3BR,1BA | $1.42 |
| 29 Water St Apartments | Two Bedroom | 2BR,1BA | $1.64 |
| Mill at Still River | 1-2 BD | 2BR,1BA | $1.80 |
| Edgewood Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.81 |
| Longhill Gardens | 2 Bedroom | 2BR,1BA | $2.08 |
| Olympia Manor | 2BR/1BA | 2BR,1BA | $2.00 |
| Gilbert Clock Apartments | Studio | Studio ,1BA | $1.92 |
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 ArticleNavigating 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 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 Monterey
What type of rentals are currently available in Monterey?
There are currently 57 Apartments for Rent in Monterey, MA with pricing that ranges from $1,096 to $5,136. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monterey ranging from $1,500 to $65,000.
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 $1,500 to $65,000 with an average monthly rent of $6,329.
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 $1,480 to $4,961, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $8,000. Four Bedroom Single-Family rentals are also available starting from $3,200 and Four Bedroom Apartments start at $3,945.
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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.