Search the lowest-cost Apartments available for rent right now in Monticello.
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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.
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.
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.
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monticello Studio Apartments | $1,379 | $1,265 | $1,535 |
| Monticello 1 Bedroom Apartments | $1,369 | $1,120 | $1,775 |
| Monticello 2 Bedroom Apartments | $1,562 | $1,250 | $2,170 |
| Monticello 3 Bedroom Apartments | $2,052 | $1,520 | $2,371 |
Current apartment rentals in the Monticello, MN area range in price from $573 to $14,158 with an overall median price of $3,729. 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 | $3,729 | $573 | 236 |
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 - 5 | 2BR,1BA | $1,150 |
| The Bluffs | 1 Bedroom | 1BR,1BA | $1,230 |
| Block 52 | Studio | Studio,1BA | $1,265 |
| Rivertown Apartments | Baltimore - CONTACT FOR AVAILABILITY | Studio,1BA | $1,295 |
| Deephaven Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,330 |
| 159 Riverview Dr Apartments, Monticello | 159 Riverview Dr Apartments, Monticello - 1 | 1BR,1BA | $1,350 |
| Marywood Apartments | Two Bed/One Bath | 2BR,1BA | $1,440 |
| Country Club Villas | Twin Homes | 2BR,2BA | $2,170 |
| Monticello Crossings | C2 | 3BR,2BA | $2,276 |
As of July 31, 2026 the best value apartment in the Monticello area is the $1.61 price per square foot C2 Model at Monticello Crossings in the in the Clemens Munsinger Gardens neighborhood starting from $2,271. The second greatest value Monticello apartment is the 2 Bedroom Deluxe Model at The Bluffs starting at $1,435 with a $1.40 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. |
|---|---|---|---|
| Monticello Crossings | C2 | 3BR,2BA | $1.61 |
| The Bluffs | 2 Bedroom Deluxe | 2BR,1BA | $1.40 |
| 159 Riverview Dr Apartments, Monticello | 159 Riverview Dr Apartments, Monticello - 1 | 1BR,1BA | $1.59 |
| 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 - 7 | 2BR,1BA | $1.58 |
| Block 52 | Studio | Studio ,1BA | $2.46 |
| Rivertown Apartments | Baltimore - CONTACT FOR AVAILABILITY | Studio ,1BA | $2.70 |
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 ArticleFrom 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 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
The cheapest apartment in Monticello is Deephaven Apartments which is listed at $1,330, while the average apartment in Monticello costs $3,729.
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 8 regular apartments in Monticello that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Cheap apartments in Monticello have an average cost of $438 which is $3,291 cheaper than the average rent for all rentals in Monticello.
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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