Cheap Apartments for Rent in Monterey Park, CA from $700 (116 Rentals)

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

property at 411 Gladys Ave

$985

Total Monthly Price

Total Monthly Price

Base Rent
$985
Total Monthly Price
$985

Studio, 1 Bath Home for Rent

Available Now

411 Gladys Ave

Monterey ParkCA91755
property at 413 Everett Ave

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900
Total Monthly Price
$1,900

Studio, 1 Bath Home for Rent

Available Jul 1

413 Everett Ave

Monterey ParkCA91755
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111 E Hammel St, Unit E
$1,970
Total Monthly Price

Total Monthly Price

Base Rent
$1,970
Total Monthly Price
$1,970
1 Bedroom Apartment Available Now

111 E Hammel St, Unit E

111 E Hammel StMonterey Park, CA 91755
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property at 1012 S Ynez Ave

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000
Total Monthly Price
$2,000

1 Bedroom, 1 Bath Home for Rent

Available Now

1012 S Ynez Ave, Unit A

1012 S Ynez Ave
Monterey ParkCA91754
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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

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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Garden Courtyard
1 to 2 Bedroom Apartments

Garden Courtyard

201 S Ynez AveMonterey Park, CA 91754

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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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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property at 2400 Del Mar Ave

$1,900 - $3,225

1 To 3 Bedroom Rentals

Available Now

2400 Del Mar Ave

RosemeadCA91770

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 2850 Chadwick Cir

$1,950

Total Monthly Price

Total Monthly Price

Base Rent
$1,950
Total Monthly Price
$1,950

1 Bedroom, 1 Bath Home for Rent

Available Now

2850 Chadwick Cir

Los AngelesCA90032
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6150 E Olympic Blvd
1 to 2 Bedroom Apartments

6150 E Olympic Blvd

6150 E Olympic BlvdLos Angeles, CA 90022
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Fraser Flats
Studio Apartments

Fraser Flats

930-932 Fraser AveLos Angeles, CA 90022
Student Housing
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South Curtis Apartments
1 to 3 Bedroom Apartments

South Curtis Apartments

404-410 S Curtis AveAlhambra, CA 91803
  • Utilities Included
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30-34 N 1st Street
Studio to 1 Bedroom Apartments

30-34 N 1st Street

34 N 1st StAlhambra, CA 91801
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931 S Atlantic Blvd
1 to 2 Bedroom Apartments

931 S Atlantic Blvd

931 S Atlantic BlvdAlhambra, CA 91803
  • Utilities Included

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.

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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
3733 Locke Ave1BR/1.0BA1BR,1BA$1,650
Eastern ManorOne bedroom One bath1BR,1BA$1,675
4252 Whittier Blvd.- SIOF1 Bedroom1BR,1BA$1,865
112 N Spruce St1/11BR,1BA$1,895

Best Value Apartments for Rent in Monterey Park, CA

As of June 10, 2026 the best value apartment in the Monterey Park area is the $2.34 price per square foot 133 S 19th St Model at 133 S 19th St, Unit 133 S 19th St, Montebello, CA 90640 in the in the Southeast Los Angeles neighborhood starting from $3,200. The second greatest value Monterey Park apartment is the 126 W Emerson Ave Model at 126 W Emerson Ave, Unit 126WestEmersonAve starting at $2,500 with a $2.08 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.
133 S 19th St, Unit 133 S 19th St, Montebello, CA 90640133 S 19th St3BR,2BA$2.34
126 W Emerson Ave, Unit 126WestEmersonAve126 W Emerson Ave2BR,1.5BA$2.08
521 N Marguerita Ave521 Upstairs2BR,1BA$2.24
Broadway VillageH2012BR,2BA$2.38
5039 Alhambra Ave, Unit A5039 Alhambra Ave2BR,1BA$2.20
Orchard Plaza ApartmentsM2BR,2BA$2.33
Park Victoria Apartments2 Bed 1 Bath2BR,1BA$2.39
Sereno Hills2 Bed 1 Bath 60% AMI Income Restricted2BR,1BA$2.20
Jade Gardens Apartments1BR/1.0BA1BR,1BA$2.34
3733 Locke Ave1BR/1.0BA1BR,1BA$2.36

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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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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Real 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.

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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.

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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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See the most popular apartments and homes in Monterey Park, CA

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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 $1,900 at 5274-5278 Ithaca Ave.

What is the most affordable Monterey Park Three Bedroom Apartment?

The best deal on a cheap Monterey Park Three Bedroom Apartment rental is at 3168 Wabash Ave and starts from $2,842.

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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