
Cheap Apartments for Rent in the Monterey Neighborhood of Roanoke, VA from $400 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in the Monterey area of Roanoke.

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.
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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.
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 | $660 | $660 | $660 |
Monterey 1 Bedroom Apartments | $1,419 | $710 | $2,830 |
Monterey 2 Bedroom Apartments | $1,674 | $1,099 | $3,280 |
Monterey 3 Bedroom Apartments | $1,906 | $1,249 | $3,000 |
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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Monterey, Roanoke, VA Local Guide
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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 $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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Ridgeview Apartments | Studio | Studio,1BA | $660 |
Flats at Thrasher Park | 1x1 | 1BR,1BA | $949 |
The Flats at Rutgers | 1x1 | 1BR,1BA | $999 |
Best Value Apartments for Rent in Monterey, VA
As of October 12, 2025 the best value apartment in the Monterey area is the $1.11 price per square foot 2BR/2BA Model at Peters Creek Apartments - Tax Credit in the in the Monterey neighborhood starting from $1,113. The second greatest value Monterey apartment is the Renovated One Bedroom Model at Glade Creek (I) starting at $1,275 with a $1.44 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. |
---|---|---|---|
Peters Creek Apartments - Tax Credit | 2BR/2BA | 2BR,2BA | $1.11 |
Glade Creek (I) | Renovated One Bedroom | 1BR,1BA | $1.44 |
Flats at Glade Creek | 2X1 | 2BR,1BA | $1.29 |
District Vue | Luca Sunroom | 1BR,1BA | $2.05 |
Bent Creek Apartments and Townhomes | 1 B 1B 800sq | 1BR,1BA | $1.45 |
1219 Ruddell Rd, Unit #1219 | 1219 Ruddell Rd | 2BR,1BA | $1.71 |
Hickory Woods | Renovated One Bedroom | 1BR,1BA | $1.73 |
The Flats at Rutgers | 1x1 | 1BR,1BA | $1.54 |
Flats at Thrasher Park | 1x1 | 1BR,1BA | $2.00 |
Ridgeview Apartments | Studio | Studio ,1BA | $2.04 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleMonterey, Roanoke, VA
Ranked #41
Among cities in Virginia for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,682.
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 3 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 $1,022 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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

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.