
Cheap Apartments for Rent in Monticello, IA from $400 (57 Rentals)
Search the lowest-cost Apartments available for rent right now in Monticello.


605 E 1st St

Grand View Apartments

Azure Apartments

Wedgewood Apartments

Meadowview Apartments

Seasons View Apartments

Continental Terrace II

Waterford Arms

Continental Terrace Apartments
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.

Total Monthly Price
Wildwood Apartments

St. Andrews Apartments

Regal Townhomes

Super 20 Mobile Home Park

Country Hill

Kerry Manor Apartments

East Town Crossing

Cedar Trail Village

2861 Prairie Hill Dr

519 40th St NE
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
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.

Lynnwood Estates

Valley View

The Enclave at Dry Creek

West Brook Apartments

Grand Reserve

Grand Ridge

3834 E Ave NE

Creekside Apartment Homes

Granite Valley Apartments

1820 Radford Rd
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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.

795 4th Ave

Williamsburg Apartments

2701 5th Ave

Blairs Ferry

850 Bridgit Ln

Residence on 11th

Tulip Tree Apartments

120 3rd St NE

247 W 11th St

1941 Madison St
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.

Marion Lofts

1131 Main St

2296 Woodworth St

651 Caledonia Pl

232 Cardiff St

310 8th Ave

900 1/2 Heefner St

Green Park Apartments

308 Hill St

422 Loras Blvd
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.
Monticello, IA Local Guide

How much does it cost to rent an apartment in Monticello?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monticello Studio Apartments | $1,125 | $1,125 | $1,125 |
| Monticello 1 Bedroom Apartments | $922 | $460 | $1,520 |
| Monticello 2 Bedroom Apartments | $1,202 | $625 | $1,752 |
| Monticello 3 Bedroom Apartments | $1,253 | $835 | $1,820 |
Browse Top Apartments in Monticello
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Monticello, IA Local Guide
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Cheapest Available Monticello Apartments for Rent and Nearby
 The cheapest available apartment rental in Monticello, IA is a 1 Bed unit found at Azure Apartments priced from $500. Country Club View in the Wellington Heights neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $525. Here is today’s list of the most affordable Monticello apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Azure Apartments | 1bd | 1BR,1BA | $500 |
| Country Club View | 1 BR/ BA | 1BR,1BA | $525 |
| Wedgewood Apartments | 1 Bedroom | 1BR,1BA | $610 |
| Monticello Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $645 |
| Blairs Ferry | 1A 40% | 1BR,1BA | $682 |
| Seasons View Apartments | Seasons View | 1BR,1BA | $760 |
| Continental Terrace II | One Bedroom | 1BR,1BA | $765 |
| Waterford Arms | 1-Bedroom 1-Bathroom | 1BR,1BA | $775 |
| Continental Terrace Apartments | One Bedroom | 1BR,1BA | $775 |
| Wildwood Apartments | 1 Bedroom | 1BR,1BA | $795 |
Best Value Apartments for Rent in Monticello, IA and Nearby
As of June 22, 2026 the best value apartment in the Monticello area is the $0.78 price per square foot 3 Bed 2 Bath Model at Super 20 Mobile Home Park in the starting from $995. The second greatest value Monticello apartment is the 3x1 Model at 3834 E Ave NE starting at $1,270 with a $1.18 price per square foot in the Kenwood Park neighborhood. Here is today’s list of the best values for Monticello apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Super 20 Mobile Home Park | 3 Bed 2 Bath | 3BR,2BA | $0.78 |
| 3834 E Ave NE | 3x1 | 3BR,1BA | $1.18 |
| West Brook Apartments | Brand New 2 Bedroom/2 Bathroom Units at West Br... | 2BR,2BA | $1.15 |
| Cedar Trail Village | Two Bedroom ground with out patio | 2BR,1BA | $1.17 |
| Country Club View | 2 BR / 1 BA | 2BR,1BA | $0.79 |
| 2861 Prairie Hill Dr | 1 Bed, 1 bath | 1BR,1BA | $1.25 |
| Kerry Manor Apartments | 2 Bedroom x 1.5 Bath | 2BR,1.5BA | $1.17 |
| Waterford Arms | 1-Bedroom 1-Bathroom | 1BR,1BA | $1.15 |
| Monticello Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.24 |
| Azure Apartments | 1bd | 1BR,1BA | $0.96 |
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.
Read ArticleReal 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.
Read ArticleQuick 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.
Best Local Schools in Monticello, IA
Carpenter Elementary School
Monticello High School
Monticello Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Monticello, IA Rentals by Map
See the most popular apartments and homes in Monticello, IA
Frequently Asked Questions about Cheap Monticello Apartments
How much is rent for a Cheap One Bedroom Monticello Apartment?
The lowest price for a Cheap One Bedroom Monticello Apartment is $500 at Azure Apartments.
What is the lowest price for a Cheap Two Bedroom Monticello Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Monticello is starting from $630 at Azure Apartments.
What is the most affordable Monticello Three Bedroom Apartment?
The best deal on a cheap Monticello Three Bedroom Apartment rental is at Azure Apartments and starts from $835.
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

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.