Cheap Apartments for Rent near Monterey, TN from $700 (35 Rentals)

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

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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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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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
property at 1319 Autumn Ave

$800 - $1,500

1 To 3 Bedroom Rentals

Available Now

1319 Autumn Ave

CookevilleTN38501

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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Alluvian Terrace
3 to 4 Bedroom Apartments

Alluvian Terrace

255 Quinland Lake RdCookeville, TN 38506
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230 Denton Ave
2 Bedroom Apartments

230 Denton Ave

230 Denton AveCookeville, TN 38501
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508 E Broad St
1 Bedroom Apartments

508 E Broad St

508 E Broad StCookeville, TN 38501

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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1816 Stargazer Dr
2 Bedroom Apartments

1816 Stargazer Dr

1816 Stargazer DrCookeville, TN 38501
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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
Saxony Apartment Homes1BR/1BA w/d1BR,1BA$921
College GroveTwo Bedroom2BR,1BA$985
1994 Bouton BendEagles Bend 2/12BR,1BA$995
Poplar Point Apartments!2BR/1.0BA2BR,1BA$999
Waters Edge Apartment HomesOne Bedroom1BR,1BA$1,025
70 E 18th St2 Bedroom2BR,1BA$1,111

Best Value Apartments for Rent in Monterey, TN and Nearby

As of July 11, 2026 the best value apartment in the Monterey area is the $1.15 price per square foot Springfield II Model at Copper Springs by Meadows Properties in the starting from $1,725. The second greatest value Monterey apartment is the 125 Caney Commons, Unit 2 Model at Caney Commons starting at $1,295 with a $1.18 price per square foot in the Smith 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.
Copper Springs by Meadows PropertiesSpringfield II3BR,2.5BA$1.15
Caney Commons125 Caney Commons, Unit 22BR,2.5BA$1.18
70 E 18th St2 Bedroom2BR,1.5BA$1.10
1839 Stargazer Dr2 Bedroom2BR,1.5BA$1.19
1994 Bouton BendEagles Bend 3/23BR,2BA$1.25
Ashton Place Apartments1 BR1BR,1BA$0.93
Waters Edge Apartment HomesOne Bedroom1BR,1BA$1.37
Poplar Point Apartments!2BR/1.0BA2BR,1BA$1.36
Cypress Creek1 Bedroom 1 Bathroom1BR,1BA$1.09
Magnolia Place1 Bed 1 Bath1BR,1BA$1.32

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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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.

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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 $920 at Ashton Place Apartments.

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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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.