Cheap Apartments for Rent in Monterey, TN from $500 (35 Rentals)

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

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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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.

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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.

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Governors Place
2 to 3 Bedroom Apartments

Governors Place

115 Governors Place LnLivingston, TN 38570
  • Utilities Included

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.

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508 E Broad St
1 Bedroom Apartments

508 E Broad St

508 E Broad StCookeville, TN 38501
Showing Results 1-35, Page 1 of 1

Monterey, TN Local Guide

Cheapest Available Monterey Apartments for Rent and Nearby

 

The cheapest available apartment rental in Monterey, TN is a 1 Bed unit found at Cypress Creek Apartments priced from $710. University Towers has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Monterey apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cypress Creek Apartments1 Bedroom1BR,1BA$710
University TowersStudios1BR,1BA$800
Eagle VillageStudioStudio,1BA$895
ELEVEN502 Beds, 1.5 baths2BR,1BA$1,025
The Gables at Veterans1 Bedroom End Unit1BR,1BA$1,180
Caney Commons2-bedroom2BR,2BA$1,295

Best Value Apartments for Rent in Monterey, TN and Nearby

As of June 07, 2025 the best value apartment in the Monterey area is the $0.83 price per square foot 6016 Calfkiller Hwy Model at 6016 Calfkiller Hwy, Unit A in the starting from $2,500. The second greatest value Monterey apartment is the 2 Bedroom 2.5 Bath Model at Saxony Apartment Homes starting at $1,500 with a $1.25 price per square foot . Here is today’s list of the best values for Monterey apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
6016 Calfkiller Hwy, Unit A6016 Calfkiller Hwy4BR,3BA$0.83
Saxony Apartment Homes2 Bedroom 2.5 Bath2BR,2.5BA$1.25
The Gables at Veterans2 Bedroom Overlook2BR,2BA$1.45
Copper Springs by Meadows PropertiesBrookhaven2BR,2BA$1.21
Caney Commons3-bedroom3BR,2.5BA$1.45
ELEVEN503 Beds, 2 baths3BR,2BA$1.18
701 E 10th St, Unit A5701 E 10th St2BR,1.5BA$1.00
863 Shanks Ave, Unit D863 Shanks Ave2BR,1BA$1.13
Cypress Creek Apartments1 Bedroom1BR,1BA$1.00
164 W Wall St, Unit B18164 W Wall St1BR,1BA$1.40

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

Explore Monterey, TN Rentals by Map

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See the most popular apartments and homes in Monterey, TN

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Getting Around Monterey, TN

Walk Score®

34 / 100

Car-Dependent

Most errands require a car

Bike Score®

29 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Monterey Apartments

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

The lowest price for a Cheap One Bedroom Monterey Apartment is $710 at Cypress Creek 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 $860 at Cypress Creek Apartments.

What is the most affordable Monterey Three Bedroom Apartment?

The best deal on a cheap Monterey Three Bedroom Apartment rental is at Cypress Creek Apartments and starts from $955.

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.

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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.

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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.