Cheap Homes for Rent in Monticello, AR from $500 (27 Rentals)

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Search the lowest-cost Homes available for rent right now in Monticello.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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.

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

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.

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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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Monticello, AR Local Guide

Cheapest Available Monticello Apartments for Rent and Nearby

 

The cheapest available apartment rental in Monticello, AR is a Studio unit found at Sunset Village priced from $510. The Dels El Dorado has the second lowest priced unit, which is a Studio apartment currently listed from $545. Here is today’s list of the most affordable Monticello apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Sunset VillageSTUDSStudio,1BA$510
The Dels El DoradoStudioStudio,1BA$545
New Studio One LLCStudio, 1 bathStudio,1BA$595
Whispering Knoll Independent Senior LivingStudio1BR,1BA$600
Jefferson Court1 Bedroom1BR,1BA$650
Delta Village Mobile Home Community3 Bedroom 2 Bath STD3BR,2BA$650
Camelot Apartments and Townhomes1.11BR,1BA$695
Terrace Villa1BR/1BA1BR,1BA$700
Sunset Village Apartments1 Bed, 1 bath1BR,1BA$710
Pine Valley Apartments1 Bedroom1BR,1BA$725

Best Value Apartments for Rent in Monticello, AR and Nearby

As of August 19, 2026 the best value apartment in the Monticello area is the $1.13 price per square foot The Riverbend Model at Cottonwood in the starting from $1,413. The second greatest value Monticello apartment is the 3 Bedroom Model at Oakwood Estates starting at $950 with a $0.84 price per square foot . Here is today’s list of the best values for Monticello apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
CottonwoodThe Riverbend3BR,2BA$1.13
Oakwood Estates3 Bedroom3BR,2BA$0.84
Delta Village Mobile Home Community3 Bedroom 2 Bath STD3BR,2BA$0.68
Jefferson Terrace Apartments2 Beds, 1 bath2BR,1BA$0.90
Seasons Apartments2 Bedroom 1.5 Bath2BR,1.5BA$0.87
Terrace Villa1BR/1BA1BR,1BA$0.91
Jefferson Court1 Bedroom1BR,1BA$0.91
Pine Valley Apartments1 Bedroom1BR,1BA$1.06
Camelot Apartments and Townhomes1.11BR,1BA$1.14
Sunset VillageSTUDSStudio ,1BA$1.13

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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Monticello, AR

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

Explore Monticello, AR Rentals by Map

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Frequently Asked Questions about Monticello

What type of rentals are currently available in Monticello?

There are currently 55 Apartments for Rent in Monticello, AR with pricing that ranges from $500 to $2,539. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monticello ranging from $500 to $3,395.

What is the current price range for Rental Homes in Monticello?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Monticello ranges from $500 to $3,395 with an average monthly rent of $1,189.

How much are larger Three and Four Bedroom Rentals in Monticello?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Monticello range from $775 to $2,350, while Three Bedroom Homes, Condos, and Townhomes for rent range from $695 to $3,395. Four Bedroom Single-Family rentals are also available starting from $900 and Four Bedroom Apartments start at $950.

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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Rent According to Income: A Look at Income-Restricted Rentals

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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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.