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$690 - $760
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Studio to 1 Bedroom Apartments Available NowRidgeview Apartments
5300 Hawthorne RdRoanoke, VA 24012
Cheap Apartments for Rent in the Monterey Neighborhood of Roanoke, VA from $600 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in the Monterey area of Roanoke.
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$799 - $1,499
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$799 - $1,499
Total Monthly Price
$799 - $1,499
Frontier Apartments
4302-4410 Plantation Rd NERoanoke, VA 24012
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$926 - $1,267
Total Monthly Price12 Month Lease Term
2 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$926 - $1,267
Total Monthly Price
$926 - $1,267
Peters Creek Apartments - Tax Credit
7266 S Barrens RdRoanoke, VA 24019
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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$975 - $995
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available Now4419-4425 Lela Ave NE
4419-4425 Lela Ave NERoanoke, VA 24019
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$999 - $1,499
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$999 - $1,499
Total Monthly Price
$999 - $1,499
The Heights at Gateway Park
601 Orange Ave NERoanoke, VA 24016
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2 Bedroom Apartments
2703 Broad St NW
2703 Broad St NWRoanoke, VA 24012
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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1 to 2 Bedroom Apartments
Ellsworth Place
3111 Ellsworth StRoanoke, VA 24012
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Monterey, Roanoke, VA Local Guide
How much does it cost to rent an apartment in Monterey?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monterey Studio Apartments | $690 | $690 | $690 |
| Monterey 1 Bedroom Apartments | $1,393 | $760 | $2,795 |
| Monterey 2 Bedroom Apartments | $1,817 | $899 | $3,485 |
| Monterey 3 Bedroom Apartments | $2,214 | $1,047 | $3,650 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Monterey Neighborhood of Roanoke, VA.
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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 $690. Peters Creek Apartments - Tax Credit has the second lowest priced unit, which is a 2 Beds apartment currently listed from $926. Here are the most affordable Monterey apartments for rent in Roanoke, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ridgeview Apartments | Studio | Studio,1BA | $690 |
| Peters Creek Apartments - Tax Credit | 2BR/2BA | 2BR,2BA | $926 |
| 4419-4425 Lela Ave NE | 1 Bed 1 Bath | 1BR,1BA | $975 |
Best Value Apartments for Rent in Monterey, VA
As of April 12, 2026 the best value apartment in the Monterey area is the $1.36 price per square foot Renovated Two Bedroom Two Bathroom Model at Glade Creek (I) in the in the Monterey neighborhood starting from $1,605. The second greatest value Monterey apartment is the Skydale Model at District Vue starting at $1,615 with a $1.61 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Glade Creek (I) | Renovated Two Bedroom Two Bathroom | 2BR,2BA | $1.36 |
| District Vue | Skydale | 2BR,2BA | $1.61 |
| Peters Creek Apartments - Tax Credit | 2BR/2BA | 2BR,2BA | $0.93 |
| The Heights at Gateway Park | 2 Bedroom First Floor Interior | 2BR,2BA | $1.55 |
| Bent Creek Apartments and Townhomes | 1 B 1B 800sq | 1BR,1BA | $1.63 |
| The Vista at Orchards | 1BR | 1BR,1BA | $1.69 |
| Frontier Apartments | 2BR 1BA Upgraded | 2BR,1BA | $1.31 |
| Ellsworth Place | 2x1 | 2BR,1BA | $1.62 |
| Hickory Woods | Renovated One Bedroom | 1BR,1BA | $1.98 |
| 4419-4425 Lela Ave NE | 1 Bed 1 Bath | 1BR,1BA | $1.77 |
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 $1,545.
What is the price of a cheap apartment in Monterey?
The cheapest apartment in Monterey is Ridgeview Apartments which is listed at $760, while the average apartment in Monterey costs $1,960.
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 6 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 $690 which is $1,270 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
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.
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.
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.