Cheap Apartments for Rent in the Monterey Neighborhood of Orlando, FL from $400 (31 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Monterey area of Orlando.

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 4510 Cranston Pl

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Home for Rent

Available Now

4510 Cranston Pl

OrlandoFL32812

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Windward Apartments
1 Bedroom Apartments

Windward Apartments

1746 Bowen DrOrlando, FL 32822
  • Utilities Included
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Sunset Place
Studio to 3 Bedroom Apartments

Sunset Place

5953 Curry Ford RdOrlando, FL 32822

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.

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Conway Club
1 to 3 Bedroom Apartments

Conway Club

1900 S Conway RdOrlando, FL 32812
  • Utilities Included
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Iris Flats
1 Bedroom Apartments

Iris Flats

5767 Beau Barton PlOrlando, FL 32807

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.

property at 2500 Woodgate Blvd

$1,299

Total Monthly Price

Total Monthly Price

Base Rent
$1,299

Total Monthly Price
$1,299

1 Bedroom, 1 Bath Condo for Rent

Available Now

2500 Woodgate Blvd, Unit 203

2500 Woodgate Blvd
OrlandoFL32822
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Royal Bay Apartments
Studio to 2 Bedroom Apartments

Royal Bay Apartments

5560 Curry Ford RdOrlando, FL 32822
  • Utilities Included

Monterey, Orlando, FL Local Guide

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 ListingModel NameBed/BathPriced From
Hollow Brook1BR60%1BR,1BA$1,045
Sunset PlaceS3Studio,1BA$1,071
Iris FlatsBlue Flag1BR,1BA$1,149
Blossom Corners Apartments1 bed 1 bath Galley Laminated1BR,1BA$1,199
Royal Isles ApartmentsPremium Renovated Regal1BR,1BA$1,280
The Canopy Apartment VillasHaven Premium1BR,1BA$1,640
Cadence CrossingGet in while these low prices last! No hidden f...2BR,1BA$1,649
Woodlake Villas2x22BR,2BA$1,717
Avery PlaceSabal2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Avery PlaceCanary2BR,2BA$1.49
Harper GrandThe Aubrey3BR,2BA$1.74
Woodlake Villas2x22BR,2BA$1.50
Cadence Crossing$2400 off your first year! Who could pass that up!2BR,2BA$1.91
2556 Woodgate Blvd, Unit Apt 2062556 Woodgate Blvd2BR,2BA$2.00
The Canopy Apartment VillasHaven Premium1BR,1BA$1.99
Royal Isles ApartmentsPremium Renovated Regal1BR,1BA$1.71
Hollow Brook1BR70%1BR,1BA$1.67
Blossom Corners Apartments1 bed 1 bath WD Laminated1BR,1BA$2.29
Sunset PlaceS1Studio ,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.

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Your 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

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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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Quick 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.

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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

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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.

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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.

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Unlock Your Orlando Commute: An Expert Guide to Ideal Neighborhoods Near Major Local Employers

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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.

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The Soul of the City Beautiful: What Life in Orlando Is Really Like

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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

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

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.

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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.

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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.

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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.