
Cheap Apartments for Rent in the Monterey Neighborhood of Orlando, FL from $400 (31 Rentals)
Search the lowest-cost Apartments available for rent right now in the Monterey area of Orlando.


1406 Conway Rd

1406 Conway Rd

1815 Larkin Ave

1815 Larkin Ave

El Dorado Senior Apartments 55 or Over

4510 Cranston Pl
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.

4510 Cranston Pl

1815 Larkin Ave

1406 Conway Rd

5101 Curry Ford Rd

Woodlake Villas

Royal Isles Apartments

The Villas At Pinecrest
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
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Dover Gardens

6036 Dogwood Dr

Windward Apartments

Blossom Corners Apartments

Sunset Place

Henley Park Apartments

1905 Caralee Blvd
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover 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.

Conway Club

Pacifico Place Apartments

Iris Flats

6110 Curry Ford Rd

5234 Curry Ford Rd

2516 Woodgate Blvd

5230 Curry Ford Rd
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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.

2500 Woodgate Blvd, Unit 203

Royal Bay Apartments

5317 Curry Ford Rd
Monterey, Orlando, FL Local Guide

How much does it cost to rent an apartment in Monterey?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monterey Studio Apartments | $1,379 | $1,073 | $1,800 |
| Monterey 1 Bedroom Apartments | $1,301 | $452 | $1,807 |
| Monterey 2 Bedroom Apartments | $1,691 | $528 | $2,550 |
| Monterey 3 Bedroom Apartments | $1,987 | $588 | $4,033 |
| Monterey 4 Bedroom Apartments | $4,031 | $3,600 | $4,462 |
Browse Apartments in this Neighborhood
There are currently 31 rentals with your search options within a 2 mile radius of the Monterey Neighborhood of Orlando, FL.
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Monterey, Orlando, FL Local Guide
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Cheapest Available Monterey Apartments for Rent
 The cheapest available apartment rental in the Monterey area of Orlando, FL is a 1 Bed unit found at Hollow Brook priced from $1,045. Sunset Place has the second lowest priced unit, which is a Studio apartment currently listed from $1,071. Here are the most affordable Monterey apartments for rent in Orlando, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hollow Brook | 1BR60% | 1BR,1BA | $1,045 |
| Sunset Place | S3 | Studio,1BA | $1,071 |
| Iris Flats | Blue Flag | 1BR,1BA | $1,149 |
| Blossom Corners Apartments | 1 bed 1 bath Galley Laminated | 1BR,1BA | $1,199 |
| Royal Isles Apartments | Premium Renovated Regal | 1BR,1BA | $1,280 |
| The Canopy Apartment Villas | Haven Premium | 1BR,1BA | $1,640 |
| Cadence Crossing | Get in while these low prices last! No hidden f... | 2BR,1BA | $1,649 |
| Woodlake Villas | 2x2 | 2BR,2BA | $1,717 |
| Avery Place | Sabal | 2BR,2BA | $1,847 |
Best Value Apartments for Rent in Monterey, FL
As of June 19, 2026 the best value apartment in the Monterey area is the $1.49 price per square foot Canary Model at Avery Place in the in the Lake Underhill neighborhood starting from $1,867. The second greatest value Monterey apartment is the The Aubrey Model at Harper Grand starting at $2,049 with a $1.74 price per square foot in the Salisbury neighborhood. Here is today’s list of the best values for Monterey apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Avery Place | Canary | 2BR,2BA | $1.49 |
| Harper Grand | The Aubrey | 3BR,2BA | $1.74 |
| Woodlake Villas | 2x2 | 2BR,2BA | $1.50 |
| Cadence Crossing | $2400 off your first year! Who could pass that up! | 2BR,2BA | $1.91 |
| 2556 Woodgate Blvd, Unit Apt 206 | 2556 Woodgate Blvd | 2BR,2BA | $2.00 |
| The Canopy Apartment Villas | Haven Premium | 1BR,1BA | $1.99 |
| Royal Isles Apartments | Premium Renovated Regal | 1BR,1BA | $1.71 |
| Hollow Brook | 1BR70% | 1BR,1BA | $1.67 |
| Blossom Corners Apartments | 1 bed 1 bath WD Laminated | 1BR,1BA | $2.29 |
| Sunset Place | S1 | Studio ,1BA | $2.01 |
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 ArticleYour Guide to the Perfect Orlando Neighborhood for Student Renters
Learn About the Best Neighborhoods to Rent Near College Campuses in Orlando, FL | Find Orlando Off-Campus Student Housing at ApartmentHomeLiving.com
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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Best Local Schools in Monterey, Orlando, FL
School data provided by Great Schools
Lifestyle Ratings
Our team of engineers and researchers is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities across the United States, including Orlando. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for outdoor amenities like tennis courts, luxury amenities, transit availability, pet-friendly communities, apartment communities for the kids, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Monterey Apartments
What is the price of a cheap apartment in Monterey?
The cheapest apartment in Monterey is Hollow Brook which is listed at $1,045, while the average apartment in Monterey costs $5,144.
What types of apartments are the cheapest in Monterey?
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 9 regular apartments in Monterey 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 Monterey?
Cheap apartments in Monterey have an average cost of $195 which is $4,949 cheaper than the average rent for all rentals in Monterey.
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.
Helpful Local Expert Guides

An Orlando Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent
Written by: Darla Ferrara
For many, Orlando is the place where you vacation, not live. However, this city, located in the central region of Florida, offers a vibrant tech community, plenty of outdoor activities, and some of the best schools in the country.

Your Guide to the Perfect Orlando Neighborhood for Student Renters
Written by: Darla Ferrara
There is never a dull moment in Orlando, Florida. Along with top-tier universities, technical schools, and local colleges, there are world-class entertainment venues, the ocean within driving distance, and lots of sunshine.

Unlock Your Orlando Commute: An Expert Guide to Ideal Neighborhoods Near Major Local Employers
Written by: Darla Ferrara
When I first moved to Orlando, Florida, in the 1990s, one of the things that drew me here was the remarkably low unemployment rates. There was a job for everyone. Two decades later, that fundamental appeal remains.

The Soul of the City Beautiful: What Life in Orlando Is Really Like
Written by: Darla Ferrara
When people think of Orlando, Florida, they dream of theme parks and sunny weather, and rightfully so. It’s that energy that keeps this city a mainstay in the global tourist industry.
Articles, How-To's, and Tips

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.