
Cheap Apartments for Rent in Monterey, VA from $400 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in Monterey.


Hillcrest Manor Apartments

Craigmont Manor

Springhill Village Apartments

Colonnade Apartments I
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.

Waterford Village

Landings at Weyers Cave

Frontier Ridge Apartments

Twin Mountain Townhomes
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.

1334 Bradley Dr
Monterey, VA Local Guide

How much does it cost to rent an apartment in Monterey?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Monterey 1 Bedroom Apartments | $1,440 | $675 | $2,955 |
Monterey 2 Bedroom Apartments | $1,636 | $690 | $3,368 |
Monterey 3 Bedroom Apartments | $1,697 | $425 | $3,379 |
Monterey 4 Bedroom Apartments | $851 | $499 | $2,675 |
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Monterey, VA Local Guide
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Cheapest Available Monterey Apartments for Rent and Nearby
 The cheapest available apartment rental in Monterey, VA is a 1 Bed unit found at Hillcrest Manor Apartments priced from $675. Grand Duke in the Downtown Harrisonburg neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $849. Here is today’s list of the most affordable Monterey apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Hillcrest Manor Apartments | 1br | 1BR,1BA | $675 |
Grand Duke | 1BR/1BA - A3 | 1BR,1BA | $849 |
Landings at Weyers Cave | The Augusta | 2BR,2BA | $985 |
Middlebrook Trace | 2 Bed | 2BR,1BA | $1,015 |
Mountain Ridge Apartments | 2x1 | 2BR,1BA | $1,125 |
Best Value Apartments for Rent in Monterey, VA and Nearby
As of July 27, 2025 the best value apartment in the Monterey area is the $1.18 price per square foot The Cadence Model at Preston Lake Apartments in the in the Old Town Harrisonburg neighborhood starting from $2,387. The second greatest value Monterey apartment is the 4x4 Model at Campus View starting at $639 with a $0.46 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. |
---|---|---|---|
Preston Lake Apartments | The Cadence | 3BR,2BA | $1.18 |
Campus View | 4x4 | 4BR,4BA | $0.46 |
Squire Hill | Shenandoah (Furnished) | 4BR,4.5BA | $0.48 |
The Hills Southview Apartments | D1-Premium | 4BR,4BA | $0.50 |
The Mill | 4x2 | 4BR,2BA | $0.41 |
The Hills Northview Apartments | D1-Premium | 4BR,2BA | $0.46 |
North 38 | 3x3 Premium | 3BR,3BA | $0.62 |
Landings at Weyers Cave | The Augusta | 2BR,2BA | $0.93 |
Middlebrook Trace | 2 Bed | 2BR,1.5BA | $0.99 |
Hillcrest Manor Apartments | 2br | 2BR,1BA | $1.06 |
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Getting Around Monterey, VA
Walk Score®
33 / 100
Car-Dependent
Most errands require a car
Bike Score®
31 / 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 $675 at Hillcrest Manor 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 $770 at Hillcrest Manor Apartments.
What is the most affordable Monterey Three Bedroom Apartment?
The best deal on a cheap Monterey Three Bedroom Apartment rental is at Middlebrook Trace and starts from $1,112.
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.