Cheap Homes for Rent in Monterey Park, CA from $1,200 (31 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article
property at 3234 Malabar St

3234 Malabar St

Los AngelesCA90063

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article
property at 3104 W Ramona Rd

3104 W Ramona Rd

AlhambraCA91803

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article

Navigating 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 Article
Showing Results 1-31, Page 1 of 1

Monterey Park, CA Local Guide

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 $1,500. Woodbridge Village Apartments in the Northeast Los Angeles neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,645. Here is today’s list of the most affordable Monterey Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Emerald ApartmentsStudio, 1 bathStudio,1BA$1,500
Woodbridge Village Apartments 1 BEDROOM1BR,1BA$1,645
1 BED 1 BATH IN LOS ANGELES!!!1BR/1.0BA1BR,1BA$1,696
Ditman2BR/1.0BA2BR,1BA$1,857
Park Victoria Apartments1 Bed 1 Bath1BR,1BA$1,875
Garden Courtyard1 bed 1 bth1BR,1BA$2,000
415 S Orange Ave1 bed 1 bath1BR,1BA$2,000

Best Value Apartments for Rent in Monterey Park, CA

As of July 11, 2025 the best value apartment in the Monterey Park area is the $2.50 price per square foot Villa Model at Atlantic Times Square in the in the Southeast Los Angeles neighborhood starting from $3,600. The second greatest value Monterey Park apartment is the 23B Model at River Gate Townhomes starting at $3,495 with a $2.49 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.
Atlantic Times SquareVilla2BR,2BA$2.50
River Gate Townhomes23B2BR,2.5BA$2.49
Bay State Terrace2 Beds, 2 baths2BR,2BA$2.45
Las Flores Gardens Apartments2X22BR,2BA$2.54
Huntington Ridge ApartmentsTwo Bedroom2BR,2BA$2.57
Emerald Hills2x12BR,1BA$2.25
1023 Tremont St.2BD/1BA2BR,1BA$2.66
3425 1/2 E 5th St, Unit Upstairs3425 1/2 E 5th St1BR,1BA$2.33
031 - Taylor Manor1/11BR,1BA$2.69
Garden Courtyard1 bed 1 bth1BR,1BA$2.67

Quick 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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Monterey Park

What type of rentals are currently available in Monterey Park?

There are currently 1991 Apartments for Rent in Monterey Park, CA with pricing that ranges from $975 to $7,600. There are also 95 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monterey Park ranging from $1,200 to $12,800.

What is the current price range for Rental Homes in Monterey Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Monterey Park ranges from $1,200 to $12,800 with an average monthly rent of $4,588.

How much are larger Three and Four Bedroom Rentals in Monterey Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Monterey Park range from $2,636 to $7,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $5,500. Four Bedroom Single-Family rentals are also available starting from $3,250 and Four Bedroom Apartments start at $3,600.

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.

decorative image for The 10 Best Affordable Neighborhoods in Los Angeles, CA article

The 10 Best Affordable Neighborhoods in Los Angeles, CA

Written by: Rachel Presser

Los Angeles is a vast and vibrant city where modernity meets more than a century of fascinating history, in addition to being a global bastion for the entertainment industry and the arts.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.