Search the lowest-cost Apartments available for rent right now in Monterey.
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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.
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.
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.
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.
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monterey Studio Apartments | $1,575 | $1,575 | $1,575 |
| Monterey 1 Bedroom Apartments | $1,606 | $652 | $2,345 |
| Monterey 2 Bedroom Apartments | $1,809 | $782 | $3,110 |
| Monterey 3 Bedroom Apartments | $2,031 | $945 | $3,690 |
| Monterey 4 Bedroom Apartments | $1,711 | $654 | $3,196 |
The cheapest available apartment rental in Monterey, VA is a 4 Beds unit found at Campus View in the Old Town Harrisonburg neighborhood priced from $679. Hillcrest Manor Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Monterey apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Campus View | 4x4 | 4BR,4BA | $679 |
| Hillcrest Manor Apartments | 1br | 1BR,1BA | $700 |
| Craigmont Manor | 1 Bedroom | 1BR,1BA | $815 |
| Colonnade Apartments I | Shenandoah - HC | 1BR,1BA | $983 |
| Landings at Weyers Cave | The Augusta | 2BR,2BA | $1,015 |
| Middlebrook Trace | 2 Bed | 2BR,1BA | $1,015 |
| Waterford Village | 3 Bedroom 2 Bath | 3BR,2BA | $1,120 |
| Mountain Ridge Apartments | 2x1 | 2BR,1BA | $1,125 |
| Park Apartments | JR | 1BR,1BA | $1,149 |
| Longview Oaks Apartments | Acorn | 1BR,1BA | $1,190 |
As of July 29, 2026 the best value apartment in the Monterey area is the $0.92 price per square foot 3 Bedroom Model at Glenside Townhomes in the in the Old Town Harrisonburg neighborhood starting from $1,820. The second greatest value Monterey apartment is the 4x4 Top Floor Premium Model at Campus View starting at $699 with a $0.50 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Glenside Townhomes | 3 Bedroom | 3BR,3.5BA | $0.92 |
| Campus View | 4x4 Top Floor Premium | 4BR,4BA | $0.50 |
| The Hills Southview Apartments | D1-Premium | 4BR,4BA | $0.53 |
| Waterford Village | 3 Bedroom 2 Bath | 3BR,2BA | $0.93 |
| The Hills Northview Apartments | D1-Premium | 4BR,2BA | $0.48 |
| Montague Terrace | ADA Accessible | 2BR,2BA | $1.12 |
| Landings at Weyers Cave | The Augusta | 2BR,2BA | $0.96 |
| Middlebrook Trace | 2 Bed | 2BR,1.5BA | $0.99 |
| Squire Hill Apartments | Montpelier (Furnished) | 2BR,2.5BA | $0.89 |
| Hillcrest Manor Apartments | 2br | 2BR,1BA | $1.10 |
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.
Read ArticleFrom 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.
Read ArticleThe 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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The lowest price for a Cheap One Bedroom Monterey Apartment is $700 at Hillcrest Manor Apartments.
Today's best deal for a Cheap Two Bedroom Apartment in Monterey is starting from $795 at Hillcrest Manor Apartments.
The best deal on a cheap Monterey Three Bedroom Apartment rental is at Waterford Village and starts from $1,120.
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.
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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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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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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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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