
Cheap Homes for Rent in Monterrey Terrace Neighborhood of Renton, WA from $700 (15 Rentals)
Search the lowest-cost Homes available for rent right now in the Monterrey Terrace area of Renton.


1600 Benson Rd S

334 Wells Ave S, Unit 405

334 Wells Ave S, Unit 403

609 Shattuck Ave S
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.

1150 NE Sunset Blvd, Unit 220

1150 Sunset Blvd NE

2020 Grant Ave S

3233 NE 12th St

1301 S Puget Dr
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.

8711 S 114th St, Unit 4A

8711 S 114th St, Unit 3

2511 NE 4th St

4231 NE 5th St

1175 Harrington Pl NE
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.
Monterrey Terrace, Renton, WA Local Guide

How much does it cost to rent a home in Monterrey Terrace?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monterrey Terrace 2 Bedroom Homes for Rent | $1,996 | $700 | $2,450 |
| Monterrey Terrace 3 Bedroom Homes for Rent | $2,764 | $2,349 | $3,500 |
| Monterrey Terrace 4 Bedroom Homes for Rent | $3,826 | $3,159 | $4,500 |
Browse Homes for Rent in this Neighborhood
There are currently 15 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 1 Bed unit found at Houser Terrace priced from $1,050. Riviera Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,145. Here are the most affordable Monterrey Terrace apartments for rent in Seattle, WA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Houser Terrace | 1 Bed, 1 bath | 1BR,1BA | $1,050 |
| Riviera Apartments | Studio Layout 1 | Studio,1BA | $1,145 |
| Liberty Square | Studio | Studio,1BA | $1,289 |
| Divine Suites | 0BR/1.0BA | Studio,1BA | $1,295 |
| Maplewood Park | STDO | Studio,1BA | $1,399 |
Best Value Apartments for Rent in Monterrey Terrace, WA
As of June 11, 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 400 Taylor Ave NW Model at 400 Taylor Ave NW starting at $1,995 with a $2.00 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. |
|---|---|---|---|
| Honey Creek | 2 Bed, 1.5 Bath Townhome Modern Reno | 2BR,1.5BA | $2.31 |
| 400 Taylor Ave NW | 400 Taylor Ave NW | 2BR,1.5BA | $2.00 |
| Hilltop in the Highlands | Plan B2 | 2BR,2BA | $2.05 |
| Windlass | 2x1 | 2BR,1BA | $2.26 |
| Reserve at Renton - 55+ Active Senior Living | B4A | 2BR,1BA | $2.30 |
| Highland Palms | 2x1 | 2BR,1BA | $2.23 |
| Crown Pointe | Plan A1B | 1BR,1BA | $2.48 |
| The Renton Sage Apartments | 1 Bedroom 60 Percent AMI | 1BR,1BA | $2.43 |
| Constellation | Vela | 1BR,1BA | $2.41 |
| Houser Terrace | 1 Bed, 1 bath | 1BR,1BA | $2.10 |
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 ArticleReal 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.
Read ArticleQuick 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.
Best Local Schools in Monterrey Terrace, Renton, WA
School data provided by Great Schools
Frequently Asked Questions about Monterrey Terrace
What type of rentals are currently available in Monterrey Terrace?
There are currently 197 Apartments for Rent in Monterrey Terrace, WA with pricing that ranges from $1,050 to $4,331. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monterrey Terrace ranging from $700 to $4,500.
What is the current price range for Rental Homes in Monterrey Terrace?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Monterrey Terrace ranges from $700 to $4,500 with an average monthly rent of $2,273.
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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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
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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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Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.