Search the lowest-cost Apartments available for rent right now in Monterey.
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.
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.
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.
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.
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monterey 1 Bedroom Apartments | $1,616 | $652 | $2,504 |
| Monterey 2 Bedroom Apartments | $1,762 | $765 | $3,120 |
| Monterey 3 Bedroom Apartments | $1,868 | $729 | $3,487 |
| Monterey 4 Bedroom Apartments | $1,504 | $679 | $3,196 |
The cheapest available apartment rental in Monterey, VA is a 1 Bed unit found at Hillcrest Manor Apartments priced from $700. Springhill Village 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hillcrest Manor Apartments | 1br | 1BR,1BA | $700 |
| Springhill Village Apartments | One Bedroom | 1BR,1BA | $780 |
| Schoolhouse Apartments | 1 bed | 1BR,1BA | $800 |
| Craigmont Manor | 1 Bedroom | 1BR,1BA | $815 |
| Middlebrook Trace | 2 Bed | 2BR,1BA | $1,015 |
| Landings at Weyers Cave | The Augusta | 2BR,2BA | $1,015 |
| Waterford Village | 3 Bedroom 2 Bath | 3BR,2BA | $1,120 |
| Mountain Ridge Apartments | 2x1 | 2BR,1BA | $1,125 |
| Frontier Ridge Apartments | 3 BR | 3BR,2BA | $1,140 |
| Park Apartments | 2 Bed 2 Bathroom | 2BR,2BA | $1,164 |
As of June 13, 2026 the best value apartment in the Monterey area is the $1.01 price per square foot 3 Bedroom Model at Glenside Townhomes in the in the Old Town Harrisonburg neighborhood starting from $1,985. The second greatest value Monterey apartment is the 4BD/4.5BA Renovated Model at Arcadia Harrisonburg starting at $705 with a $0.54 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 | $1.01 |
| Arcadia Harrisonburg | 4BD/4.5BA Renovated | 4BR,4.5BA | $0.54 |
| The Hills Southview Apartments | D1-Premium | 4BR,4BA | $0.53 |
| Frontier Ridge Apartments | 3 BR | 3BR,2BA | $0.92 |
| Waterford Village | 3 Bedroom 2 Bath | 3BR,2BA | $0.93 |
| The Hills Northview Apartments | D1-Premium | 4BR,2BA | $0.48 |
| North 38 | 3x3 | 3BR,3BA | $0.64 |
| Landings at Weyers Cave | The Augusta | 2BR,2BA | $0.96 |
| Middlebrook Trace | 2 Bed | 2BR,1.5BA | $0.99 |
| Schoolhouse Apartments | 1 bed | 1BR,1BA | $0.90 |
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 $765 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.
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