
Cheap Apartments for Rent in Monterey, TN from $500 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in Monterey.


275 Dogwood Pointe Dr

126 Bybee Woods Dr
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.

409 Oriole Dr

419 Oriole Dr

Ashton Place Apartments

Willow Park Apartments
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.

Hillview Terrace Apartments

Saxony Apartment Homes

Magnolia Place

Eagle Village
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.

1325 Virginia Ave

315 Pippin Rd

1609 Texas Ave

1444 Main St N
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.

1425 N Willow Ave

914 Sparta Dr

210 Clinton St
Monterey, TN Local Guide

How much does it cost to rent an apartment in Monterey?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Monterey Studio Apartments | $1,462 | $925 | $2,000 |
Monterey 1 Bedroom Apartments | $949 | $575 | $1,360 |
Monterey 2 Bedroom Apartments | $1,191 | $599 | $1,740 |
Monterey 3 Bedroom Apartments | $1,507 | $1,000 | $1,950 |
Browse Top Apartments in Monterey
See all Apartments in MontereyExplore Monterey
Monterey, TN Local Guide
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Cheapest Available Monterey Apartments for Rent and Nearby
 The cheapest available apartment rental in Monterey, TN is a 1 Bed unit found at University Towers priced from $800. Hillview Terrace Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here is today’s list of the most affordable Monterey apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
University Towers | Studios | 1BR,1BA | $800 |
Hillview Terrace Apartments | 1-bedroom | 1BR,1BA | $850 |
Eagle Village | Studio | Studio,1BA | $895 |
Magnolia Place | 1 Bed 1 Bath | 1BR,1BA | $895 |
Cypress Creek | 2 Bedroom 2 Bathroom | 2BR,2BA | $912 |
College Grove | Two Bedroom | 2BR,1BA | $985 |
ELEVEN50 | 2 Beds, 1.5 baths | 2BR,1BA | $1,025 |
Caney Commons | 2-bedroom | 2BR,2BA | $1,295 |
The Gables at Veterans | 2 Bedroom Classic | 2BR,2BA | $1,400 |
Best Value Apartments for Rent in Monterey, TN and Nearby
As of July 27, 2025 the best value apartment in the Monterey area is the $0.73 price per square foot 6016 Calfkiller Hwy Model at 6016 Calfkiller Hwy, Unit A in the starting from $2,200. The second greatest value Monterey apartment is the Springfield II Model at Copper Springs by Meadows Properties starting at $1,650 with a $0.92 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. |
---|---|---|---|
6016 Calfkiller Hwy, Unit A | 6016 Calfkiller Hwy | 5BR,4BA | $0.73 |
Copper Springs by Meadows Properties | Springfield II | 3BR,2.5BA | $0.92 |
Saxony Apartment Homes | 2 Bedroom 2.5 Bath | 2BR,2.5BA | $1.25 |
The Gables at Veterans | 2 Bedroom Overlook | 2BR,2BA | $1.45 |
Caney Commons | 3-bedroom | 3BR,2.5BA | $1.45 |
ELEVEN50 | 3 Beds, 2 baths | 3BR,2BA | $1.18 |
Cypress Creek | 3 Bedroom 2 Bathroom | 3BR,2BA | $1.00 |
863 Shanks Ave, Unit D | 863 Shanks Ave | 2BR,1BA | $1.13 |
Hillview Terrace Apartments | 1-bedroom | 1BR,1BA | $1.13 |
Magnolia Place | 1 Bed 1 Bath | 1BR,1BA | $1.31 |
Quick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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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 $800 at University Towers.
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 $912 at Cypress Creek.
What is the most affordable Monterey Three Bedroom Apartment?
The best deal on a cheap Monterey Three Bedroom Apartment rental is at Cypress Creek and starts from $1,051.
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.

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.

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.

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.

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.