Cheap Apartments for Rent in the Monterrey Terrace Neighborhood of Renton, WA from $700 (70 Rentals)

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

property at 431 Williams Ave N

$1,399

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Total Monthly Price

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$1,399
Total Monthly Price
$1,399

1 Bedroom, 1 Bath Townhome for Rent

Available Now

431 Williams Ave N

RentonWA98057
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The Berkshire
Rent Specials
$1,409 - $2,360
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Total Monthly Price

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$1,409 - $2,360
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1 to 2 Bedroom Apartments Available Now

The Berkshire

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

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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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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Alaire Apartment Homes
Rent Specials
$1,677 - $2,548
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$1,677 - $2,548
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1 to 3 Bedroom Apartments Available Now

Alaire Apartment Homes

510 Stevens Ave SWRenton, WA 98057
Active Lifestyle
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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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95 Burnett
$1,963 - $3,593
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$1,963 - $3,593
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Studio to 3 Bedroom Apartments Available Now

95 Burnett

95 Burnett Ave SRenton, WA 98057
Corporate Housing
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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

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.

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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
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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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Highland Ridge
1 to 2 Bedroom Apartments

Highland Ridge

905-907 Aberdeen Ave NERenton, WA 98056

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.

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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. Reserve at Renton - 55+ Active Senior Living has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,150. 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
Reserve at Renton - 55+ Active Senior LivingA11BR,1BA$1,150
Liberty SquareStudioStudio,1BA$1,289
Divine Suites at Downtown Renton1BR/1.0BA1BR,1BA$1,292
The BerkshireCedar1BR,1BA$1,409
Maplewood ParkSTDOStudio,1BA$1,449
Hilltop in the HighlandsPlan A11BR,1BA$1,474
ConstellationVela1BR,1BA$1,486

Best Value Apartments for Rent in Monterrey Terrace, WA

As of May 19, 2026 the best value apartment in the Monterrey Terrace area is the $2.31 price per square foot 2 Bed, 1.5 Bath Townhome Modern Reno Model at Honey Creek in the in the Kennydale neighborhood starting from $2,450. The second greatest value Monterrey Terrace apartment is the Two Bedroom, Two Bathroom (1030 sq ft) Model at Alaire Apartment Homes starting at $2,114 with a $2.05 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.
Honey Creek2 Bed, 1.5 Bath Townhome Modern Reno2BR,1.5BA$2.31
Alaire Apartment HomesTwo Bedroom, Two Bathroom (1030 sq ft)2BR,2BA$2.05
The Preserve at Cedar River2x12BR,1BA$2.41
Windlass2x12BR,1BA$2.09
540 Williams Ave N, Unit 3540 Williams Ave N1BR,1BA$1.85
Reserve at Renton - 55+ Active Senior LivingB12BR,1BA$2.20
Hilltop in the HighlandsPlan A11BR,1BA$2.20
Crown PointePlan A1B1BR,1BA$2.40
ConstellationVela1BR,1BA$2.40
530 Burnett Ave N, Unit Burnett 8530 Burnett Ave NStudio ,1BA$2.35

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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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 $1,486.

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

The cheapest apartment in Monterrey Terrace is Reserve at Renton - 55+ Active Senior Living which is listed at $1,150, while the average apartment in Monterrey Terrace costs $2,941.

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 79 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 $383 which is $2,558 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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