Cheap Apartments for Rent in the Monterey Neighborhood of Roanoke, VA from $400 (7 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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Liberty Pines
1 Bedroom Apartments

Liberty Pines

2502 Liberty AveRoanoke, VA 24012
  • Utilities Included
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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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Tinker Creek Manor
2 to 4 Bedroom Apartments

Tinker Creek Manor

2050 Tinker Creek DrRoanoke, VA 24012
  • Utilities Included
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Bowman Park Townhomes
2 Bedroom Apartments

Bowman Park Townhomes

2801 Meadows St NWRoanoke, VA 24012
  • Utilities Included
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4306 Williamson Rd NW
2 Bedroom Apartments

4306 Williamson Rd NW

4306 Williamson Rd NWRoanoke, VA 24012
  • Utilities Included

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2114 Carvin St NE
2 Bedroom Apartments

2114 Carvin St NE

2114 Carvin St NERoanoke, VA 24012
  • Utilities Included

Monterey, Roanoke, VA Local Guide

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 $660. Flats at Thrasher Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $949. Here are the most affordable Monterey apartments for rent in Roanoke, VA:

Apartment ListingModel NameBed/BathPriced From
Ridgeview ApartmentsStudioStudio,1BA$660
Flats at Thrasher Park1x11BR,1BA$949
The Flats at Rutgers1x11BR,1BA$999

Best Value Apartments for Rent in Monterey, VA

As of August 25, 2025 the best value apartment in the Monterey area is the $0.96 price per square foot 3BR/2BA Model at Peters Creek Apartments - Tax Credit in the in the Monterey neighborhood starting from $1,267. The second greatest value Monterey apartment is the Skydale Model at District Vue starting at $1,840 with a $1.83 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.
Peters Creek Apartments - Tax Credit3BR/2BA3BR,2BA$0.96
District VueSkydale2BR,2BA$1.83
Hickory WoodsRenovated Two Bedroom Two Bathroom with Den2BR,2BA$1.70
Glade Creek (I)Renovated One Bedroom1BR,1BA$1.68
Flats at Glade Creek2X12BR,1BA$1.32
Bent Creek Apartments and Townhomes1 B 1B 800sq1BR,1BA$1.50
The Vista at Orchards1BR1BR,1BA$1.65
Frontier Apartments2BR 1BA2BR,1BA$1.59
The Flats at Rutgers1x11BR,1BA$1.54
Flats at Thrasher Park1x11BR,1BA$2.00

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Pet Friendly Lifestyle
Monterey, Roanoke, VA

Ranked #13

Among cities in Virginia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Monterey Neighborhood in Roanoke, VA

Walk Score®

11 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

16 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

13 / 100

Minimal Transit

It may be possible to get on a bus

Frequently Asked Questions about Cheap Monterey Apartments

What is the price of a cheap apartment in Monterey?

The cheapest apartment in Monterey is Flats at Thrasher Park which is listed at $949, while the average apartment in Monterey costs $1,750.

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 2 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 $660 which is $1,090 cheaper than the average rent for all rentals in Monterey.

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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.

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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.