Cheap Apartments for Rent in Monterey Park, CA from $700 (126 Rentals)

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

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203-205 N Ynez Ave
1 to 2 Bedroom Apartments

203-205 N Ynez Ave

203-205 N Ynez AveMonterey Park, CA 91754
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329 Pomelo Ave
2 Bedroom Apartments

329 Pomelo Ave

329 Pomelo AveMonterey Park, CA 91755
  • Utilities Included
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505 N Lincoln Ave
Studio to 2 Bedroom Apartments

505 N Lincoln Ave

505 N Lincoln AveMonterey Park, CA 91755
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Garden Courtyard
1 to 2 Bedroom Apartments

Garden Courtyard

201 S Ynez AveMonterey Park, CA 91754

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.

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property at 3836 Earle Ave

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450
Total Monthly Price
$1,450

1 Bedroom, 1 Bath Home for Rent

Available Now

3836 Earle Ave

RosemeadCA91770

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.

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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.

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property at 209 N Eastman Ave

$1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,850
Total Monthly Price
$1,850

1 Bedroom, 1 Bath Home for Rent

Available Now

209 N Eastman Ave

Los AngelesCA90063
property at 710 Bradshawe Ave

$1,850 - $2,150

1 Bedroom Rentals

Available Now

710 Bradshawe Ave

East Los AngelesCA90022

LA Alternatives: Find the Perfect Commuter City for Renting in the Los Angeles Metro Area

Get more breathing room without compromising proximity to LA. Our Los Angeles local expert breaks down the best neighboring cities for renting more affordable apartments with easier commutes.

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property at 2400 Del Mar Ave

$1,900 - $3,225

1 To 3 Bedroom Rentals

Available Now

2400 Del Mar Ave

RosemeadCA91770

Los Angeles Essential Guide: Finding Rentals Near LA's Biggest Job Hubs

Working at LAX, Disney, UCLA, or Kaiser Permanente? We detail the best LA neighborhoods—from Westchester to Magnolia Park—to help you find a rental and eliminate your commute.

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Monterey Park, CA Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Available Monterey Park Apartments for Rent

 

The cheapest available apartment rental in Monterey Park, CA is a Studio unit found at Emerald Apartments in the Southeast Los Angeles neighborhood priced from $1,495. 3141-3143 Wabash Ave in the Southeast Los Angeles neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,550. Here is today’s list of the most affordable Monterey Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Emerald ApartmentsStudioStudio,1BA$1,495
3141-3143 Wabash Ave3141 Wabash1BR,1BA$1,550
5030/ 5034 Valley BlvdOne Bedroom1BR,1BA$1,581
Woodbridge Village Apartments - 1900 N. MARIANNA AVE.1 BEDROOM1BR,1BA$1,595
Fremont1 Bed 1 Bath1BR,1BA$1,650
307 Curtis1/11BR,1BA$1,650
Eastern ManorOne bedroom One bath1BR,1BA$1,700
Locke1BR/1.0BA1BR,1BA$1,721
South Olive ApartmentsStudio BStudio,1BA$1,750

Best Value Apartments for Rent in Monterey Park, CA

As of April 26, 2026 the best value apartment in the Monterey Park area is the $1.35 price per square foot 2635 Dobinson St Model at 2635 Dobinson St, Unit 101 in the in the Southeast Los Angeles neighborhood starting from $2,695. The second greatest value Monterey Park apartment is the 33D Model at River Gate Townhomes starting at $3,990 with a $2.44 price per square foot in the Southeast Los Angeles neighborhood. Here is today’s list of the best values for Monterey Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2635 Dobinson St, Unit 1012635 Dobinson St3BR,2BA$1.35
River Gate Townhomes33D3BR,3BA$2.44
521 N Marguerita Ave521 Upstairs2BR,1BA$2.24
5838 Allston St, Unit #25838 Allston St1BR,1BA$1.85
Orchard Plaza ApartmentsM2BR,2BA$2.33
Park Victoria Apartments2 Bed 1 Bath2BR,1BA$2.39
Alhambra Gardens1 Month Free Rent - Fully Renovated 2 Bed / 1 B...2BR,1BA$2.42
Sereno Hills2 Bed 1 Bath 60% AMI Income Restricted2BR,1BA$2.20
422 S Garfield Ave1 Bed, 1 bath1BR,1BA$2.44
Locke1BR/1.0BA1BR,1BA$2.46

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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A Local Expert's Top Neighborhood Guide for Renters While Attending Major Colleges and Universities in Los Angeles

Learn About the Best Neighborhoods to Rent Near College Campuses in Los Angeles, CA | Find Los Angeles Off-Campus Student Housing at ApartmentHomeLiving.com

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Monterey Park Overview

Ideally located just a few short miles from the beacon city of Los Angeles, Monterey Park is a highly sought-after zip code in the popular state of California. Consistently ranked near the top when it comes to local schools, location and a steady economic base, an apartment in Monterey Park is definitely a sign of someone who is going places.

Why live in Monterey Park, CA?

From the highly-regarded schools to the impressive first-rate eateries, Monterey Park apartments have much to offer those eager to reside in California. With a wide-array of job options in the healthcare and education fields at the ready, and plenty of local hot spots at your fingertips, a rental in Monterey Park is about as ideal as Cali living gets.

Monterey Park, CA
Population: 60,401

Ranked #625

in US Census Population by City

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

Explore Monterey Park, CA Rentals by Map

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Frequently Asked Questions about Cheap Monterey Park Apartments

What is the Cheapest Studio apartment in Monterey Park?

Currently the most affordable Cheap Studio Apartment in Monterey Park is at Emerald Apartments listed at $1,495.

How much is rent for a Cheap One Bedroom Monterey Park Apartment?

The lowest price for a Cheap One Bedroom Monterey Park Apartment is $1,550 at 3141-3143 Wabash Ave.

What is the lowest price for a Cheap Two Bedroom Monterey Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Monterey Park is starting from $1,983 at Sereno Hills.

What is the most affordable Monterey Park Three Bedroom Apartment?

The best deal on a cheap Monterey Park Three Bedroom Apartment rental is at Emerald Hills and starts from $3,038.

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.

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