
Cheap Homes for Rent near Monticello, NM from $1,395 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Monticello.


4938 S Fork Rd

4305 Nambe Ct

4725 Rimrock Dr

5317 Isabella Ct

5095 Kensington Way

5015 Kensington Way
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.

3854 Van Ess Ct

5004 Troybrook Rd

5548 Patagonia Dr

3694 Calcite St

3503 Northpointe Dr

4028 Apache Pine Pl

4804 Camino Dos Vidas
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.
Monticello, NM Local Guide

How much does it cost to rent a home in Monticello?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monticello 2 Bedroom Homes for Rent | $1,713 | $1,395 | $2,250 |
| Monticello 3 Bedroom Homes for Rent | $1,785 | $1,400 | $2,700 |
| Monticello 4 Bedroom Homes for Rent | $2,257 | $1,750 | $2,750 |
| Monticello 5 Bedroom Homes for Rent | $2,700 | $2,700 | $2,700 |
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Monticello, NM Local Guide
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Cheapest Available Monticello Apartments for Rent and Nearby
 The cheapest available apartment rental in Monticello, NM is a Studio unit found at Casitas at 805 N 17Th St. in the Downtown Las Cruces neighborhood priced from $695. Mountain Springs Pointe in the Downtown Las Cruces neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Monticello apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Casitas at 805 N 17Th St. | Studio | Studio,1BA | $695 |
| Mountain Springs Pointe | 1 Bedroom | 1BR,1BA | $750 |
| Buena Vida | 1 Bedroom 1 Bath | 1BR,1BA | $770 |
| 1655 S Main | Contemporary Studios | Studio,1BA | $795 |
| OMNI-Centre Square | One Bedroom | 1BR,1BA | $865 |
Best Value Apartments for Rent in Monticello, NM and Nearby
As of August 28, 2026 the best value apartment in the Monticello area is the $0.89 price per square foot 3bd/2ba Model at The Miranda in the in the Downtown Las Cruces neighborhood starting from $1,025. The second greatest value Monticello apartment is the Three Bedroom 1025 SF Model at Vista Montana starting at $933 with a $0.91 price per square foot in the Downtown Las Cruces 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. |
|---|---|---|---|
| The Miranda | 3bd/2ba | 3BR,1.5BA | $0.89 |
| Vista Montana | Three Bedroom 1025 SF | 3BR,2BA | $0.91 |
| Pavilions At University | Aggie | 2BR,2BA | $1.15 |
| Wyndchase Apartments | 2bed 2bath | 2BR,2BA | $1.16 |
| Los Altos | Two Bedroom 908 SF market rate | 2BR,2BA | $1.21 |
| Woodcrest Apartments | 2 Bedroom | 2BR,2BA | $1.05 |
| Regency Pointe Apartments | The Royale | 2BR,1BA | $1.13 |
| 700 California Ave | 2 Bedroom | 2BR,1BA | $1.17 |
| Alta Tierra | 2 Bedrooms | 2BR,1BA | $1.14 |
| Buena Vida | 1 Bedroom 1 Bath | 1BR,1BA | $1.25 |
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 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.
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Monticello
What type of rentals are currently available in Monticello?
There are currently 45 Apartments for Rent in Monticello, NM with pricing that ranges from $527 to $2,658. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monticello ranging from $1,395 to $2,750.
What is the current price range for Rental Homes in Monticello?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Monticello ranges from $1,395 to $2,750 with an average monthly rent of $1,870.
How much are larger Three and Four Bedroom Rentals in Monticello?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Monticello range from $710 to $2,658, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $2,700. Four Bedroom Single-Family rentals are also available starting from $1,750 and Four Bedroom Apartments start at $1,038.
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.

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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.