Cheap Apartments for Rent in the Monterey Neighborhood of Roanoke, VA from $700 (21 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Monterey area of Roanoke.

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2703 Broad St NW
2 Bedroom Apartments

2703 Broad St NW

2703 Broad St NWRoanoke, VA 24012
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5681 Hollins Rd
2 Bedroom Apartments

5681 Hollins Rd

5681 Hollins RdRoanoke, VA 24019
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106 Lee Ave NE
2 Bedroom Apartments

106 Lee Ave NE

106 Lee Ave NERoanoke, VA 24012
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1523 Compton St NE
1 to 2 Bedroom Apartments

1523 Compton St NE

1523 Compton St NERoanoke, VA 24012

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Avendale Townhomes
1 to 2 Bedroom Apartments

Avendale Townhomes

117-127 Avendale AveRoanoke, VA 24012
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2403 Williamson Rd
Studio to 1 Bedroom Apartments

2403 Williamson Rd

2403 Williamson RdRoanoke, VA 24012
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Southern Manor
1 Bedroom Apartments

Southern Manor

3008 Williamson RdRoanoke, VA 24012
Senior Living
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5661 Hollins Rd
Studio Apartments

5661 Hollins Rd

5661 Hollins RdRoanoke, VA 24019

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Showing Results 1-21, Page 1 of 1

Cheapest Available Monterey Apartments for Rent

 

The cheapest available apartment rental in the Monterey area of Roanoke, VA is a Studio unit found at Ridgeview Apartments priced from $710. Peters Creek Apartments - Tax Credit has the second lowest priced unit, which is a 2 Beds apartment currently listed from $907. Here are the most affordable Monterey apartments for rent in Roanoke, VA:

Apartment ListingModel NameBed/BathPriced From
Ridgeview ApartmentsStudioStudio,1BA$710
Peters Creek Apartments - Tax Credit2BR/2BA2BR,2BA$907
Flats at Glade Creek2X12BR,1BA$1,099
Ellsworth Place2x12BR,1BA$1,175
Bent Creek Apartments and Townhomes1 B 1B 800sq1BR,1BA$1,205

Best Value Apartments for Rent in Monterey, VA

As of January 11, 2026 the best value apartment in the Monterey area is the $1.52 price per square foot 2b 1.5b 1021sq Model at Bent Creek Apartments and Townhomes in the in the Monterey neighborhood starting from $1,555. The second greatest value Monterey apartment is the 2BR/2BA Model at Peters Creek Apartments - Tax Credit starting at $907 with a $0.91 price per square foot in the Monterey neighborhood. Here is today’s list of the best values for Monterey apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Bent Creek Apartments and Townhomes2b 1.5b 1021sq2BR,1.5BA$1.52
Peters Creek Apartments - Tax Credit2BR/2BA2BR,2BA$0.91
Glade Creek (I)Renovated One Bedroom1BR,1BA$1.39
Flats at Glade Creek2X12BR,1BA$1.29
District VueLuca Sunroom1BR,1BA$1.91
Ellsworth Place2x12BR,1BA$1.62
Hickory WoodsRenovated One Bedroom1BR,1BA$1.79
The Heights at Gateway Park1 Bedroom Third Floor1BR,1BA$2.45
Ridgeview ApartmentsStudioStudio ,1BA$2.19

Frequently Asked Questions about Cheap Monterey Apartments

What is a cheap apartment in Monterey?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Monterey is under $1,529.

What is the price of a cheap apartment in Monterey?

The cheapest apartment in Monterey is Bent Creek Apartments and Townhomes which is listed at $1,205, while the average apartment in Monterey costs $1,697.

What types of apartments are the cheapest in Monterey?

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 5 regular apartments in Monterey 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 Monterey?

Cheap apartments in Monterey have an average cost of $710 which is $987 cheaper than the average rent for all rentals in Monterey.

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.

Articles, How-To's, and Tips

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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.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!