
Cheap Apartments for Rent in Monticello, MN from $700 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in Monticello.


Total Monthly Price
Landmark Square Apartments

Hillside Terrace II

The Bluffs Apartments
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625 3rd St E

Monticello Manor

Mississippi Shores (Senior 55+)

Keller Lake Commons Senior Housing 55+
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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.
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 | $1,348 | $1,015 | $1,508 |
| Monticello 1 Bedroom Apartments | $1,371 | $1,120 | $1,750 |
| Monticello 2 Bedroom Apartments | $1,569 | $975 | $2,180 |
| Monticello 3 Bedroom Apartments | $1,921 | $1,500 | $2,108 |
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Monticello, MN Local Guide
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Cheapest Neighborhoods for Apartments in Monticello, MN
Pricing Updated: 01/27/2026Current 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 | $3,395 | $556 | 317 |
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 $975. The Bluffs in the Clemens Munsinger Gardens neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,120. Here is today’s list of the most affordable Monticello apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Westcello Apartments | 2 Beds, 1 bath | 2BR,1BA | $975 |
| The Bluffs | 1 Bedroom - Jefferson | 1BR,1BA | $1,120 |
| Block 52 | Studio | Studio,1BA | $1,265 |
Best Value Apartments for Rent in Monticello, MN and Nearby
As of January 27, 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 2 Bedroom + Den Model at The Bluffs starting at $1,523 with a $1.52 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 |
| The Bluffs | 2 Bedroom + Den | 2BR,1BA | $1.52 |
| Monticello Village | B3 | 2BR,2BA | $1.59 |
| Westcello Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.13 |
| Marywood Apartments | Two Bed/One Bath | 2BR,1BA | $1.51 |
| Deephaven Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.58 |
| Monticello Crossings | S2 | Studio ,1BA | $2.29 |
| Block 52 | Studio | Studio ,1BA | $2.46 |
| Rivertown Apartments | Baltimore - CONTACT FOR AVAILABILITY | Studio ,1BA | $2.70 |
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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Best Local Schools in Monticello, MN
Monticello Senior High
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Monticello, MN
Frequently Asked Questions about Cheap Monticello Apartments
What is a cheap apartment in Monticello?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Monticello is under $1,650.
What is the price of a cheap apartment in Monticello?
The cheapest apartment in Monticello is The Bluffs which is listed at $1,120, while the average apartment in Monticello costs $3,395.
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 19 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 $308 which is $3,087 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

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.