Cheap Apartments for Rent in the Monterrey Terrace Neighborhood of Renton, WA from $700 (54 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Monterrey Terrace area of Renton.

property at 200 Wells Ave N

$900 - $1,850

Total Monthly Price

Total Monthly Price

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$900 - $1,850
Total Monthly Price
$900 - $1,850

1 Bedroom, 1 Bath Home for Rent

Available Now

200 Wells Ave N

RentonWA98057
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Houser Terrace
Rent Specials
$1,050
Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050
1 Bedroom Apartments Contact Us For Availability

Houser Terrace

3151 NE 16th StRenton, WA 98056
Senior Living
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  • Customer Reviewed
  • Low Income
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The Berkshire
Rent Specials
$1,418 - $2,768
Total Monthly Price

Total Monthly Price

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$1,418 - $2,768
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

The Berkshire

1300 Eagle Ridge Dr SRenton, WA 98055
Corporate Housing
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  • 3D Tour

Seattle's Best Affordable Neighborhoods

Learn about Seattle, WA and the best places to live with original content written by our Local Expert Sharon Stallings

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property at 112 Wells Ave S

$1,695

Total Monthly Price

Total Monthly Price

Base Rent
$1,695
Total Monthly Price
$1,695

1 Bedroom, 1 Bath Home for Rent

Available Now

112 Wells Ave S, Unit UnitB

112 Wells Ave S
RentonWA98057
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Arbour Apartments
1 to 2 Bedroom Apartments

Arbour Apartments

2200-2202 NE 10th PlRenton, WA 98056
  • Utilities Included
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Taylor West Apartments
1 to 2 Bedroom Apartments

Taylor West Apartments

401 Taylor Pl NWRenton, WA 98057
  • 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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Sunset Oaks
Studio to 2 Bedroom Apartments

Sunset Oaks

1073 Harrington Ave NERenton, WA 98056
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Roxy Apartments
Studio to 2 Bedroom Apartments

Roxy Apartments

280 Morris Ave SRenton, WA 98057
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Rencliffe Apartments
1 to 2 Bedroom Apartments

Rencliffe Apartments

390 Taylor Ave NWRenton, WA 98057
  • Utilities Included
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Halo 11 Townhomes
2 Bedroom Apartments

Halo 11 Townhomes

3109 NE 11th PlRenton, WA 98056
  • Smoke Free
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The Hampton
2 Bedroom Apartments

The Hampton

270 Bronson Way NERenton, WA 98056
  • Utilities Included
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Revo 225 Apartments
Studio to 2 Bedroom Apartments

Revo 225 Apartments

225 Logan Ave SRenton, WA 98057
  • 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.

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Riverview Apartments
2 Bedroom Apartments

Riverview Apartments

107 Main Ave SRenton, WA 98057
  • Utilities Included
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Breezy West
1 Bedroom Apartments

Breezy West

913 Harrington AveRenton, WA 98056
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Highland Ridge
1 to 3 Bedroom Apartments

Highland Ridge

3323 NE 12th StRenton, WA 98056

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.

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Showing Results 1-50, Page 1 of 2

Monterrey Terrace, Renton, WA Local Guide

Cheapest Available Monterrey Terrace Apartments for Rent

 

The cheapest available apartment rental in the Monterrey Terrace area of Seattle, WA is a Studio unit found at Riviera Apartments priced from $1,145. Divine Suites at Downtown Renton has the second lowest priced unit, which is a Studio apartment currently listed from $1,295. Here are the most affordable Monterrey Terrace apartments for rent in Seattle, WA:

Apartment ListingModel NameBed/BathPriced From
Riviera ApartmentsStudio Layout 1Studio,1BA$1,145
Divine Suites at Downtown Renton0BR/1.0BAStudio,1BA$1,295
Maplewood ParkSTDOStudio,1BA$1,379
Reserve at Renton - 55+ Active Senior LivingA11BR,1BA$1,400
Hilltop in the HighlandsPlan A11BR,1BA$1,459
The Renton Sage Apartments1 Bedroom 50 Percent AMI1BR,1BA$1,482
Revo 225 ApartmentsSTUDIOStudio,1BA$1,534
Metropolitan Collection ApartmentsStudio-RevoStudio,1BA$1,534
Liberty Square1 bedroom1BR,1BA$1,560

Best Value Apartments for Rent in Monterrey Terrace, WA

As of August 17, 2026 the best value apartment in the Monterrey Terrace area is the $2.27 price per square foot Plan B2 Model at Hilltop in the Highlands in the in the Highlands Park neighborhood starting from $2,180. The second greatest value Monterrey Terrace apartment is the Two Bedroom, Two Bathroom (930 sq ft) Model at Alaire Apartment Homes starting at $2,076 with a $2.23 price per square foot in the Spring Glen neighborhood. Here is today’s list of the best values for Monterrey Terrace apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hilltop in the HighlandsPlan B22BR,2BA$2.27
Alaire Apartment HomesTwo Bedroom, Two Bathroom (930 sq ft)2BR,2BA$2.23
Windlass Apartments2x12BR,1BA$2.15
Highland Ridge2BR/1.0BA2BR,1BA$2.11
Brighton RidgePlan 2A2BR,1BA$2.16
ForestviewPlan 2A2BR,1BA$2.27
540 Williams Ave N, Unit 5540 Williams Ave N1BR,1BA$1.79
Liberty Square1 bedroom1BR,1BA$2.09
Highland Palms2x12BR,1BA$2.23
Breezy West1x11BR,1BA$2.28

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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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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Best Local Schools in
Monterrey Terrace, Renton, WA

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities and towns across the United States including Monterrey Terrace, Renton, and the greater Seattle area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for easy access to the parks, luxury amenities, features that make it easier to raise kids, raising pets, transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Monterrey Terrace Apartments

What is a cheap apartment in Monterrey Terrace?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Monterrey Terrace is under $1,560.

What is the price of a cheap apartment in Monterrey Terrace?

The cheapest apartment in Monterrey Terrace is Divine Suites at Downtown Renton which is listed at $1,297, while the average apartment in Monterrey Terrace costs $1,929.

What types of apartments are the cheapest in Monterrey Terrace?

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 44 regular apartments in Monterrey Terrace 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 Monterrey Terrace?

Cheap apartments in Monterrey Terrace have an average cost of $346 which is $1,583 cheaper than the average rent for all rentals in Monterrey Terrace.

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.

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