Cheap Apartments for Rent near Monterey, TN from $773 (44 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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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Governors Place
2 to 3 Bedroom Apartments

Governors Place

115 Governors Place LnLivingston, TN 38570
  • Utilities Included
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University Towers
1 Bedroom Apartments

University Towers

1218 Byrne AveCookeville, TN 38501
  • Utilities Included
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Alluvian Terrace
3 to 4 Bedroom Apartments

Alluvian Terrace

255 Quinland Lake RdCookeville, TN 38506
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22 E 18th St
2 to 3 Bedroom Apartments

22 E 18th St

22 E 18th StCookeville, TN 38501
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230 Denton Ave
2 Bedroom Apartments

230 Denton Ave

230 Denton AveCookeville, TN 38501

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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508 E Broad St
1 Bedroom Apartments

508 E Broad St

508 E Broad StCookeville, TN 38501
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1816 Stargazer Dr
2 Bedroom Apartments

1816 Stargazer Dr

1816 Stargazer DrCookeville, TN 38501
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70 E 18th St
2 Bedroom Apartments

70 E 18th St

70 E 18th StCookeville, TN 38501

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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Caney Commons
2 Bedroom Apartments

Caney Commons

111-125 Caney Commons DrGordonsville, TN 38563
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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 priced from $773. Ashton Place Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $780. Here is today’s list of the most affordable Monterey apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cypress Creek1 Bedroom 1 Bathroom1BR,1BA$773
Ashton Place Apartments1 BR1BR,1BA$780
Eagle VillageStudioStudio,1BA$800
Magnolia Place1 Bed 1 Bath1BR,1BA$895
Asbury ParkAsbury 2B 2B2BR,2BA$900
Saxony Apartment Homes1BR/1BA w/d1BR,1BA$921
230 Denton Ave2 Bedroom2BR,1BA$925
Hillview Terrace Apartments1-bedroom1BR,1BA$950
College GroveTwo Bedroom2BR,1BA$985
1994 Bouton BendEagles Bend 2/12BR,1BA$995

Best Value Apartments for Rent in Monterey, TN and Nearby

As of August 27, 2026 the best value apartment in the Monterey area is the $1.01 price per square foot 3 Bedroom Model at 22 E 18th St in the starting from $1,300. The second greatest value Monterey apartment is the Two Bedroom Model at Waters Edge Apartment Homes starting at $1,225 with a $1.11 price per square foot in the Roane County neighborhood. 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.
22 E 18th St3 Bedroom3BR,2BA$1.01
Waters Edge Apartment HomesTwo Bedroom2BR,1BA$1.11
70 E 18th St2 Bedroom2BR,1.5BA$1.04
1840 Summerhaven Ave2 Bedroom2BR,1.5BA$1.04
1816 Stargazer Dr2 Bedroom2BR,1.5BA$1.04
1839 Stargazer Dr2 Bedroom2BR,1.5BA$1.04
1994 Bouton BendEagles Bend 3/23BR,2BA$1.25
Asbury ParkAsbury 2B 2B2BR,2BA$1.00
Ashton Place Apartments1 BR1BR,1BA$0.93
Cypress Creek1 Bedroom 1 Bathroom1BR,1BA$1.09

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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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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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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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 $773 at Cypress Creek.

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 $900 at Asbury Park.

What is the most affordable Monterey Three Bedroom Apartment?

The best deal on a cheap Monterey Three Bedroom Apartment rental is at Ashton Place Apartments and starts from $1,035.

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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.