
Cheap Apartments for Rent in the Monterrey Terrace Neighborhood of Renton, WA from $700 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the Monterrey Terrace area of Renton.


Watershed Renton

Divine Suites

Maplewood Park

918 Glennwood Ave NE

918 Glennwood Ave NE
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.
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.
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.
Monterrey Terrace, Renton, WA Local Guide

How much does it cost to rent an apartment in Monterrey Terrace?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Monterrey Terrace Studio Apartments | $1,656 | $1,195 | $2,145 |
Monterrey Terrace 1 Bedroom Apartments | $2,039 | $1,398 | $4,038 |
Monterrey Terrace 2 Bedroom Apartments | $2,462 | $1,460 | $4,773 |
Monterrey Terrace 3 Bedroom Apartments | $2,970 | $1,968 | $6,326 |
Monterrey Terrace 4 Bedroom Apartments | $4,334 | $3,609 | $5,060 |
Browse Apartments in this Neighborhood
There are currently 21 rentals with your search options within a 2 mile radius of the Monterrey Terrace Neighborhood of Renton, WA.
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Monterrey Terrace, Renton, WA Local Guide
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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 $1,175. Crown Pointe has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,404. Here are the most affordable Monterrey Terrace apartments for rent in Seattle, WA:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Riviera Apartments | Studio Layout 1 | Studio,1BA | $1,175 |
Crown Pointe | Plan A1B | 1BR,1BA | $1,404 |
Maplewood Park | STDO | Studio,1BA | $1,429 |
RENTON SAGE APARTMENTS | 1x1 Junior Classic | 1BR,1BA | $1,508 |
Heritage Hills | Pioneer | Studio,1BA | $1,525 |
Best Value Apartments for Rent in Monterrey Terrace, WA
As of June 13, 2025 the best value apartment in the Monterrey Terrace area is the $1.78 price per square foot 445 Smithers Ave S Model at 445 Smithers Ave S, Unit 1 in the in the Northeast Spring Glen neighborhood starting from $2,140. The second greatest value Monterrey Terrace apartment is the Monarch 3x2 Model at The Windsor starting at $2,628 with a $2.30 price per square foot in the Kennydale neighborhood. Here is today’s list of the best values for Monterrey Terrace apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
445 Smithers Ave S, Unit 1 | 445 Smithers Ave S | 3BR,1BA | $1.78 |
The Windsor | Monarch 3x2 | 3BR,2BA | $2.30 |
361 Earlington Ave SW | 361 Earlington Ave SW | 3BR,2BA | $2.17 |
The Fulton Apartments | Two Bedroom 1044 with Patio | 2BR,2BA | $2.34 |
The Berkshire | Alder | 2BR,1BA | $2.14 |
Peak 88 | 2x1 | 2BR,1BA | $2.14 |
617 SW 3rd Pl, Unit A | 617 SW 3rd Pl | 2BR,1BA | $2.26 |
Heritage Grove | 1x1 | 1BR,1BA | $2.22 |
Hilltop in the Highlands | Plan A1 | 1BR,1BA | $2.38 |
Crown Pointe | Plan A1B | 1BR,1BA | $2.15 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleMonterrey Terrace, Renton, WA
Ranked #27
Among neighborhoods in Renton, WA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Monterrey Terrace, Renton, WA
School data provided by Great Schools
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 $1,599.
What is the price of a cheap apartment in Monterrey Terrace?
The cheapest apartment in Monterrey Terrace is Crown Pointe which is listed at $1,404, while the average apartment in Monterrey Terrace costs $4,700.
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 14 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 $228 which is $4,472 cheaper than the average rent for all rentals in Monterrey Terrace.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.