Cheap Apartments for Rent in Monticello, IN from $499 (63 Rentals)

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Search the lowest-cost Apartments 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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Lindberg Lofts
$1,222 - $1,913

Total Monthly Price

Base Rent$1,222 - $1,913
Total Monthly PriceVaries
1 Bedroom Apartments Available Now

Lindberg Lofts

2081 Lindberg RdWest Lafayette, IN 47906
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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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The Vibe on Paramount
$1,388 - $9,999

Total Monthly Price

Base Rent$1,388 - $9,999
Total Monthly Price$1,388 - $9,999
Studio to 2 Bedroom Apartments Available Now

The Vibe on Paramount

3597 Paramount DrWest Lafayette, IN 47906
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State Street Commons
$1,400 - $2,800

Total Monthly Price

Base Rent$1,400 - $2,800
Total Monthly Price$1,400 - $2,800
2 Bedroom Apartments Available Aug 7, 2027

State Street Commons

120 Andrew PlWest Lafayette, IN 47906
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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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The Vintage
Studio Apartments

The Vintage

230 S Grant StWest Lafayette, IN 47906
Student Housing

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.

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Monticello, IN Local Guide

Cheapest Available Monticello Apartments for Rent and Nearby

 

The cheapest available apartment rental in Monticello, IN is a 1 Bed unit found at Southfork Apartments in the Discovery Park neighborhood priced from $499. Fairway Apartments in the Discovery Park neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $589. Here is today’s list of the most affordable Monticello apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Southfork Apartments1BR/1.0BA1BR,1BA$499
Fairway ApartmentsKingston | Text to Tour 765-735-3515. Priced pe...2BR,1BA$589
Stonecrest ApartmentsStudioStudio,1BA$625
Woods EdgeThe Boilermaker1BR,1BA$750
Crestview ApartmentsCrestview II2BR,1BA$800
Historic Downtown Apartments II2x12BR,1BA$800
Highland Apartments2 Bedroom2BR,1BA$850
Launch1E1BR,1BA$899
Village Square Apartments1x1A R1BR,1BA$899
Chauncey Village1 Bedroom 1 Bath1BR,1BA$925

Best Value Apartments for Rent in Monticello, IN and Nearby

As of September 11, 2026 the best value apartment in the Monticello area is the $0.34 price per square foot 3 Bedroom x 3.5 Bathroom Townhouse Model at Lark West Lafayette Townhomes in the starting from $649. The second greatest value Monticello apartment is the 3 BEDROOM 3 BATH Model at The Cottages on Lindberg starting at $649 with a $0.51 price per square foot in the Discovery Park neighborhood. 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.
Lark West Lafayette Townhomes3 Bedroom x 3.5 Bathroom Townhouse3BR,3.5BA$0.34
The Cottages on Lindberg3 BEDROOM 3 BATH3BR,3BA$0.51
The Ravine Apartment HomesThe Juniper2BR,1.5BA$1.11
Station 21South Street Station2BR,2BA$0.80
Village West2x12BR,1BA$0.79
Highland Apartments2 Bedroom2BR,1BA$0.87
Lodge on the TrailColorado-PREM2BR,2BA$0.73
Wabash Lofts2x22BR,2BA$0.82
Victory on Salisbury3BR/1BA3BR,1BA$0.98
Woods EdgeThe Boilermaker1BR,1BA$1.07

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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Pet Friendly Lifestyle
Monticello, IN

Ranked #68

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Monticello, IN

School data provided by Great Schools

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

Explore Monticello, IN Rentals by Map

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Frequently Asked Questions about Cheap Monticello Apartments

What is the Cheapest Studio apartment in Monticello?

Currently the most affordable Cheap Studio Apartment in Monticello is at Stonecrest Apartments listed at $625.

How much is rent for a Cheap One Bedroom Monticello Apartment?

The lowest price for a Cheap One Bedroom Monticello Apartment is $499 at Southfork 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 $589 at Fairway Apartments.

What is the most affordable Monticello Three Bedroom Apartment?

The best deal on a cheap Monticello Three Bedroom Apartment rental is at Woods Edge and starts from $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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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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.