Cheap Apartments for Rent in Monticello, MN from $1,120 (29 Rentals)

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The Bluffs
$1,120 - $1,523

Total Monthly Price

Base Rent$1,105 - $1,508
Required Monthly FeesVaries

Total Monthly PriceVaries
12 Month Lease Term
1 to 2 Bedroom Apartments Available Now

The Bluffs

700 7th St EMonticello, MN 55362
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Westcello Apartments
$1,150 - $1,450

Total Monthly Price

Base Rent$1,150 - $1,450

Total Monthly Price$1,150 - $1,450
12 Month Lease Term
2 Bedroom Apartments Available Now

Westcello Apartments

919 Golf Course RdMonticello, MN 55362
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Block 52
$1,265 - $1,980

Total Monthly Price

Base Rent$1,265 - $1,980

Total Monthly Price$1,265 - $1,980
Studio to 3 Bedroom Apartments Available Now

Block 52

101 W Broadway StMonticello, MN 55362
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Deephaven Apartments
$1,330 - $1,890

Total Monthly Price

Base Rent$1,330 - $1,890

Total Monthly Price$1,330 - $1,890
1 to 3 Bedroom Apartments Available Now

Deephaven Apartments

1255 Edmonson Ave NEMonticello, MN 55362
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Rivertown Apartments
$1,334 - $1,863

Total Monthly Price

Base Rent$1,315 - $1,844
Required Monthly Fees$19

Total Monthly Price$1,334 - $1,863
Studio to 2 Bedroom Apartments Available Oct 13

Rivertown Apartments

212 Locust StMonticello, MN 55362
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Savanna Vista
$1,385 - $2,225

Total Monthly Price

Base Rent$1,385 - $2,225

Total Monthly Price$1,385 - $2,225
Studio to 2 Bedroom Apartments Available Now

Savanna Vista

9277 NE Edmonson AveMonticello, MN 55362
Luxury
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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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Monticello Village
$1,506 - $1,916

Total Monthly Price

Base Rent$1,495 - $1,905
Required Monthly FeesVaries

Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Now

Monticello Village

727 Minnesota StMonticello, MN 55362
Corporate Housing
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Monticello Crossings
$1,511 - $2,796

Total Monthly Price

Base Rent$1,500 - $2,785
Required Monthly FeesVaries

Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

Monticello Crossings

2205 Meadow Oak AveMonticello, MN 55362
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Country Club Villas
$1,650 - $2,170

Total Monthly Price

Base Rent$1,650 - $2,170

Total Monthly Price$1,650 - $2,170
12 Month Lease Term
2 Bedroom Apartments Available Now

Country Club Villas

10715 Tee Box TrlMonticello, MN 55362
Senior Living
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Ridgeway Apartments
1 to 3 Bedroom Apartments

Ridgeway Apartments

330 W 6th StMonticello, MN 55362
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The Bluffs Apartments
1 to 2 Bedroom Apartments

The Bluffs Apartments

714 7th St EMonticello, MN 55362
  • Utilities Included

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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625 3rd St E
1 Bedroom Apartments

625 3rd St E

625 3rd St EMonticello, MN 55362
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Monticello Manor
1 to 2 Bedroom Apartments

Monticello Manor

306 6th St WMonticello, MN 55362
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Old - Landmark Square
Studio to 1 Bedroom Apartments

Old - Landmark Square

204 Locust StMonticello, MN 55362
  • Utilities Included

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.

property at 5782 Overlook Ln
$1,900

Total Monthly Price

Base Rent$1,900

Total Monthly Price$1,900
12 Month Lease Term
3 Bedroom, 2.5 Bath Townhome for Rent
Available Oct 1

5782 Overlook Ln

MonticelloMN55362
property at 9188 Spirit Hills Rd
$1,900

Total Monthly Price

Base Rent$1,900

Total Monthly Price$1,900
3 Bedroom, 2.5 Bath Home for Rent
Available Sep 30

9188 Spirit Hills Rd

MonticelloMN55362
property at 8330 Cedar St
$900

Total Monthly Price

Base Rent$900

Total Monthly Price$900
12 Month Lease Term
2 Bedroom, 1 Bath Townhome for Rent
Available Now

8330 Cedar St

RockfordMN55373
property at 8551 Elm St
$1,475

Total Monthly Price

Base Rent$1,475

Total Monthly Price$1,475
3 Bedroom, 1.5 Bath Townhome for Rent
Available Now

8551 Elm St

RockfordMN55373
property at 116 Rockford Ave E
$1,750

Total Monthly Price

Base Rent$1,750

Total Monthly Price$1,750
2 Bedroom, 1 Bath Townhome for Rent
Available Now

116 Rockford Ave E

DelanoMN55328
property at 230 Leighton Dr
$1,785

Total Monthly Price

Base Rent$1,785

Total Monthly Price$1,785
3 Bedroom, 1 Bath Townhome for Rent
Available Oct 10

230 Leighton Dr

Big LakeMN55309

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.

property at 401 Central Ave
$1,850

Total Monthly Price

Base Rent$1,850

Total Monthly Price$1,850
12 Month Lease Term
3 Bedroom, 2 Bath Home for Rent
Available Now

401 Central Ave

BuffaloMN55313

Monticello, MN Local Guide

Cheapest Neighborhoods for Apartments in Monticello, MN

Pricing Updated: 09/15/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Wright Far Western Suburbs$1,635$556226

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 ListingModel NameBed/BathPriced From
Westcello Apartments2 Bed/1 Bath2BR,1BA$1,150
705 3rd St East Apartments, Monticello705 3rd St East Apartments, Monticello - 42BR,1BA$1,150
The Bluffs1 Bedroom1BR,1BA$1,230
Block 52StudioStudio,1BA$1,265
Deephaven Apartments1 Bedroom 1 Bathroom1BR,1BA$1,330
Monticello VillageB42BR,2BA$1,536
Monticello CrossingsS3Studio,1BA$1,546
Savanna Vista1 bedroom 1 bathroom1BR,1BA$1,550
Country Club VillasTwin Homes2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Country Club VillasTwin Homes2BR,2BA$1.91
Savanna Vista2 bedroom 2 bathroom2BR,2BA$1.76
Monticello VillageB42BR,2BA$1.60
The Bluffs2 Bedroom2BR,1BA$1.45
Deephaven Apartments1 Bedroom 1 Bathroom1BR,1BA$1.58
Westcello Apartments2 Bed/1 Bath2BR,1BA$1.40
705 3rd St East Apartments, Monticello705 3rd St East Apartments, Monticello - 42BR,1BA$1.46
Monticello CrossingsS3Studio ,1BA$2.30
Block 52StudioStudio ,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.

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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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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.

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

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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

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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.