Cheap Apartments for Rent in Monterey, VA from $400 (15 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Showing Results 1-15, Page 1 of 1

Monterey, VA Local Guide

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. Randolph Village has the second lowest priced unit, which is a 2 Beds apartment currently listed from $781. Here is today’s list of the most affordable Monterey apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hillcrest Manor Apartments1br1BR,1BA$675
Randolph Village2 Bedroom 1 Bathroom2BR,1BA$781
Springhill Village ApartmentsTwo Bedroom2BR,1BA$850
Waterford Village2 Bedroom 2 Bath2BR,2BA$935
Landings at Weyers CaveThe Augusta2BR,2BA$985

Best Value Apartments for Rent in Monterey, VA and Nearby

As of November 06, 2025 the best value apartment in the Monterey area is the $0.50 price per square foot D1-Premium Model at The Hills Southview Apartments in the in the Old Town Harrisonburg neighborhood starting from $651. The second greatest value Monterey apartment is the 4BD/4.5BA Model at Arcadia Harrisonburg starting at $685 with a $0.52 price per square foot in the Old Town Harrisonburg 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.
The Hills Southview ApartmentsD1-Premium4BR,4BA$0.50
Arcadia Harrisonburg4BD/4.5BA4BR,4.5BA$0.52
The Mill4x24BR,2BA$0.43
Waterford Village3 Bedroom 2 Bath3BR,2BA$0.89
The Hills Northview ApartmentsD1-Premium4BR,2BA$0.47
North 383x3 Premium3BR,3BA$0.61
Landings at Weyers CaveThe Augusta2BR,2BA$0.93
Middlebrook Trace2 Bed2BR,1.5BA$0.99
Randolph Village2 Bedroom 1 Bathroom2BR,1BA$0.78
Springhill Village ApartmentsTwo Bedroom2BR,1BA$1.03

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.

decorative image of people with a giant lease agreement

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

Explore Monterey, VA Rentals by Map

Decorative image of map

See the most popular apartments and homes in Monterey, VA

View Map
Monterey, VA Apartments Map
View Map
Monterey, VA Rental Homes Map

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 Waterford Village and starts from $1,075.

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.