Cheap Apartments for Rent in the Monterrey Terrace Neighborhood of Renton, WA from $700 (49 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Liberty Square
$1,289 - $1,893
Total Monthly Price

Total Monthly Price

Base Rent
$1,289 - $1,893

Total Monthly Price
$1,289 - $1,893
Studio to 2 Bedroom Apartments Available Now

Liberty Square

415-417 Williams Ave SRenton, WA 98057
Affordability
  • Verified
  • Utilities Included
  • Low Income
close
View Me
Maplewood Park
Rent Specials
$1,435 - $3,052
Total Monthly Price

Total Monthly Price

Base Rent
$1,340 - $2,957
Required Monthly Fees
$95

Total Monthly Price
$1,435 - $3,052
Studio to 2 Bedroom Apartments Available Now

Maplewood Park

3815 NE 4th StRenton, WA 98056
Outdoors
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Crown Pointe
$1,455 - $2,099
Total Monthly Price

Total Monthly Price

Base Rent
$1,365 - $2,009
Required Monthly Fees
$90

Total Monthly Price
$1,455 - $2,099
1 to 2 Bedroom Apartments Available Now

Crown Pointe

3788 NE 4th StRenton, WA 98056
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Heritage Grove
$1,499 - $2,095
Total Monthly Price

Total Monthly Price

Base Rent
$1,493 - $2,089
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Heritage Grove

1100 Sunset Blvd NERenton, WA 98056
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

property at 1150 NE Sunset Blvd

$1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,538
Required Monthly Fees
$12

Total Monthly Price
$1,550

1 Bedroom, 1 Bath Rentals

Available Now

1150 NE Sunset Blvd

RentonWA98056
close
View Me
The Berkshire
Rent Specials
$1,582 - $2,667
Total Monthly Price

Total Monthly Price

Base Rent
$1,464 - $2,549
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

The Berkshire

1300 Eagle Ridge Dr SRenton, WA 98055
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Honey Creek
Rent Specials
$1,675 - $2,450
Total Monthly Price

Total Monthly Price

Base Rent
$1,671 - $2,446
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Honey Creek

1332 Duvall Ave NERenton, WA 98059
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

close
View Me
Arbour Apartments
1 to 2 Bedroom Apartments

Arbour Apartments

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

Taylor West Apartments

401 Taylor Pl NWRenton, WA 98057
  • Utilities Included
close
View Me
Sunset Oaks
Studio to 2 Bedroom Apartments

Sunset Oaks

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

Roxy Apartments

280 Morris Ave SRenton, WA 98057

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

close
View Me
Rencliffe Apartments
1 to 2 Bedroom Apartments

Rencliffe Apartments

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

Halo 11 Townhomes

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

The Hampton

270 Bronson Way NERenton, WA 98056
  • Utilities Included
close
View Me
Highland Ridge
1 to 2 Bedroom Apartments

Highland Ridge

905-907 Aberdeen Ave NERenton, WA 98056

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

close
View Me
Sunset Terrace
Studio to 2 Bedroom Apartments

Sunset Terrace

2715 Sunset Ln NERenton, WA 98056
close
View Me
Riverview Apartments
2 Bedroom Apartments

Riverview Apartments

107 Main Ave SRenton, WA 98057
  • Utilities Included
close
View Me
Revo 225 Apartments
Studio to 2 Bedroom Apartments

Revo 225 Apartments

225 Logan Ave SRenton, WA 98057
  • Utilities Included
close
View Me
Harrington Square
Studio to 2 Bedroom Apartments

Harrington Square

950 Harrington Ave NERenton, WA 98056

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.

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 $1,180. Liberty Square has the second lowest priced unit, which is a Studio apartment currently listed from $1,289. Here are the most affordable Monterrey Terrace apartments for rent in Seattle, WA:

Apartment ListingModel NameBed/BathPriced From
Riviera ApartmentsStudio Layout 1Studio,1BA$1,180
Liberty SquareStudioStudio,1BA$1,289
Crown PointePlan A1A1BR,1BA$1,310
Divine Suites0BR/1.0BAStudio,1BA$1,410
Maplewood ParkSTDOStudio,1BA$1,435
Heritage Grove1x11BR,1BA$1,499
Metropolitan Place ApartmentsStudioStudio,1BA$1,504
Metropolitan Collection ApartmentsStudio-MetropolitanStudio,1BA$1,504
The Renton Sage Apartments1 Bedroom 60 Percent AMI1BR,1BA$1,508

Best Value Apartments for Rent in Monterrey Terrace, WA

As of April 03, 2026 the best value apartment in the Monterrey Terrace area is the $2.18 price per square foot Saratoga Model at Pinnacle on Lake Washington in the in the Highlands Park neighborhood starting from $2,849. The second greatest value Monterrey Terrace apartment is the Three Bedroom, Two Bathroom (1245 sq ft) Model at Alaire Apartment Homes starting at $2,829 with a $2.27 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.
Pinnacle on Lake WashingtonSaratoga2BR,2BA$2.18
Alaire Apartment HomesThree Bedroom, Two Bathroom (1245 sq ft)3BR,2BA$2.27
Honey Creek2 Bed, 1.5 Bath Townhome Modern Reno2BR,1.5BA$2.31
400 Taylor Ave NW400 Taylor Ave NW2BR,1.5BA$2.00
ForestviewPlan 2B2BR,2BA$2.30
Wellsforth Apartments2 Bedroom 1 Bath2BR,1BA$2.18
540 Williams Ave N, Unit 3540 Williams Ave N1BR,1BA$1.85
Peak 88 Apartments2x12BR,1BA$2.31
12405 80th Ave S, Unit Basement12405 80th Ave S1BR,1BA$1.71
Heritage Grove1x11BR,1BA$2.08

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

Read Article
Decorative image

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 Article
Decorative image

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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 $1,508.

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

The cheapest apartment in Monterrey Terrace is Riviera Apartments which is listed at $1,355, while the average apartment in Monterrey Terrace costs $2,684.

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 90 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 $538 which is $2,146 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.

Helpful Local Expert Guides

decorative image for The 10 Best Affordable Neighborhoods in Seattle, WA article

The 10 Best Affordable Neighborhoods in Seattle, WA

Written by: Sharon Stallings

I'm Sharon, your ApartmentHomeLiving.com Local Expert for Seattle, Washington. My husband, two children, and I moved to West Seattle in 1995.

decorative image for Picking the Perfect Seattle Neighborhood for College Life article

Picking the Perfect Seattle Neighborhood for College Life

Written by: Sharon Stallings

I'm Sharon, your ApartmentHomeLiving.com Local Expert for Seattle, Washington. Whether you're new to Seattle or grew up here, the neighborhood where you live makes a huge difference while attending college.

decorative image for Seattle Apartment Guide: Find Your Rental Near Tech Hubs like Amazon, Google, and Adobe article

Seattle Apartment Guide: Find Your Rental Near Tech Hubs like Amazon, Google, and Adobe

Written by: Sharon Stallings

I'm Sharon, your ApartmentHomeLiving.com Local Expert for Seattle, Washington. We're blessed to live in Seattle, affectionately known as the Emerald City.

decorative image for Seattle Short-Term Rentals: Where to Live for a Month (or Three) in the Emerald City article

Seattle Short-Term Rentals: Where to Live for a Month (or Three) in the Emerald City

Written by: Sharon Stallings

Greetings! I’m Sharon, your local Seattle expert at ApartmentHomeLiving.com. If you’re looking for short-term rentals, I can help you make an informed choice.

Articles, How-To's, and Tips

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.