
Cheap Apartments for Rent in Monticello, MN from $1,120 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in Monticello.


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Westcello Apartments

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Silvercrest Apartments

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Block 52

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Deephaven Apartments

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Rivertown Apartments

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Savanna Vista
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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Marywood Apartments

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Monticello Village

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Monticello Crossings

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Country Club Villas

Ridgeway Apartments

Hillside Terrace II

The Bluffs Apartments
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.

625 3rd St E

Monticello Manor

Mississippi Shores (Senior 55+)

Old - Landmark Square

Hillside Terrace I

705 3rd St East Apartments, Monticello

159 Riverview Dr Apartments, Monticello
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.

5782 Overlook Ln

9188 Spirit Hills Rd

8330 Cedar St

Keller Lake Commons Senior Housing 55+

8551 Elm St

116 Rockford Ave E

230 Leighton Dr
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.

401 Central Ave
Monticello, MN Local Guide

How much does it cost to rent an apartment in Monticello?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monticello Studio Apartments | $1,423 | $1,265 | $1,546 |
| Monticello 1 Bedroom Apartments | $1,399 | $1,120 | $1,606 |
| Monticello 2 Bedroom Apartments | $1,595 | $1,250 | $2,225 |
| Monticello 3 Bedroom Apartments | $1,959 | $1,520 | $2,251 |
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Monticello, MN Local Guide
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Cheapest Neighborhoods for Apartments in Monticello, MN
Pricing Updated: 09/15/2026Current apartment rentals in the Monticello, MN area range in price from $556 to $13,258 with an overall median price of $1,635. Here is today’s list neighborhoods with the lowest median pricing for Monticello Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Wright Far Western Suburbs | $1,635 | $556 | 226 |
Cheapest Available Monticello Apartments for Rent and Nearby
 The cheapest available apartment rental in Monticello, MN is a 2 Beds unit found at Westcello Apartments in the Clemens Munsinger Gardens neighborhood priced from $1,150. 705 3rd St East Apartments, Monticello in the Clemens Munsinger Gardens neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,150. Here is today’s list of the most affordable Monticello apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Westcello Apartments | 2 Bed/1 Bath | 2BR,1BA | $1,150 |
| 705 3rd St East Apartments, Monticello | 705 3rd St East Apartments, Monticello - 4 | 2BR,1BA | $1,150 |
| The Bluffs | 1 Bedroom | 1BR,1BA | $1,230 |
| Block 52 | Studio | Studio,1BA | $1,265 |
| Deephaven Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,330 |
| Monticello Village | B4 | 2BR,2BA | $1,536 |
| Monticello Crossings | S3 | Studio,1BA | $1,546 |
| Savanna Vista | 1 bedroom 1 bathroom | 1BR,1BA | $1,550 |
| Country Club Villas | Twin Homes | 2BR,2BA | $2,170 |
Best Value Apartments for Rent in Monticello, MN and Nearby
As of September 15, 2026 the best value apartment in the Monticello area is the $1.91 price per square foot Twin Homes Model at Country Club Villas in the in the Clemens Munsinger Gardens neighborhood starting from $2,170. The second greatest value Monticello apartment is the 2 bedroom 2 bathroom Model at Savanna Vista starting at $1,925 with a $1.76 price per square foot in the Clemens Munsinger Gardens 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. |
|---|---|---|---|
| Country Club Villas | Twin Homes | 2BR,2BA | $1.91 |
| Savanna Vista | 2 bedroom 2 bathroom | 2BR,2BA | $1.76 |
| Monticello Village | B4 | 2BR,2BA | $1.60 |
| The Bluffs | 2 Bedroom | 2BR,1BA | $1.45 |
| Deephaven Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.58 |
| Westcello Apartments | 2 Bed/1 Bath | 2BR,1BA | $1.40 |
| 705 3rd St East Apartments, Monticello | 705 3rd St East Apartments, Monticello - 4 | 2BR,1BA | $1.46 |
| Monticello Crossings | S3 | Studio ,1BA | $2.30 |
| Block 52 | Studio | Studio ,1BA | $2.46 |
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 ArticleNavigating 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.
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, MN
Monticello Senior High School
Monticello Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Monticello, MN Rentals by Map
See the most popular apartments and homes in Monticello, MN
Frequently Asked Questions about Cheap Monticello Apartments
What is the price of a cheap apartment in Monticello?
The cheapest apartment in Monticello is The Bluffs which is listed at $1,230, while the average apartment in Monticello costs $1,635.
What types of apartments are the cheapest in Monticello?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 13 regular apartments in Monticello that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Monticello?
Cheap apartments in Monticello have an average cost of $408 which is $1,227 cheaper than the average rent for all rentals in Monticello.
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

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.

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.

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.

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.