Search the lowest-cost Apartments available for rent right now in Monticello.
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.
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.
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monticello Studio Apartments | $1,421 | $1,265 | $1,556 |
| Monticello 1 Bedroom Apartments | $1,400 | $1,120 | $1,705 |
| Monticello 2 Bedroom Apartments | $1,544 | $1,250 | $2,180 |
| Monticello 3 Bedroom Apartments | $1,750 | $1,520 | $1,980 |
Current apartment rentals in the Monticello, MN area range in price from to with an overall median price of . 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 | $3,697 | $556 | 290 |
The cheapest available apartment rental in Monticello, MN is a Studio unit found at Block 52 in the Clemens Munsinger Gardens neighborhood priced from $1,265. Rivertown Apartments in the Clemens Munsinger Gardens neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,295. Here is today’s list of the most affordable Monticello apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Block 52 | Studio | Studio,1BA | $1,265 |
| Rivertown Apartments | Baltimore - CONTACT FOR AVAILABILITY | Studio,1BA | $1,295 |
| The Bluffs | 2 Bedroom Deluxe | 2BR,1BA | $1,314 |
| Deephaven Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,330 |
| Savanna Vista | Studio | Studio,1BA | $1,360 |
| Monticello Crossings | S2 | Studio,1BA | $1,546 |
| Monticello Village | B4 | 2BR,2BA | $1,606 |
| Country Club Villas | Twin Home - *Income Qualified | 2BR,2BA | $1,650 |
As of May 01, 2026 the best value apartment in the Monticello area is the $1.92 price per square foot Twin Homes Model at Country Club Villas in the in the Clemens Munsinger Gardens neighborhood starting from $2,180. The second greatest value Monticello apartment is the B4 Model at Monticello Village starting at $1,606 with a $1.67 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 | $1.92 |
| Monticello Village | B4 | 2BR,2BA | $1.67 |
| The Bluffs | 2 Bedroom | 2BR,1BA | $1.45 |
| Deephaven Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.58 |
| Savanna Vista | Studio | Studio ,1BA | $2.11 |
| Monticello Crossings | S2 | Studio ,1BA | $2.41 |
| Block 52 | Studio | Studio ,1BA | $2.46 |
| Rivertown Apartments | Baltimore - CONTACT FOR AVAILABILITY | Studio ,1BA | $2.70 |
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read ArticleAvoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDiscover 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 ArticleMoving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleDiscover 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.
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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See the most popular apartments and homes in Monticello, MN
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Monticello is under $1,650.
The cheapest apartment in Monticello is Deephaven Apartments which is listed at $1,330, while the average apartment in Monticello costs $3,697.
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.
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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