Cheap Apartments for Rent in Monroe, IN from $500 (57 Rentals)

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Search the lowest-cost Apartments available for rent right now in Monroe.

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Monroe, IN Local Guide

Cheapest Available Monroe Apartments for Rent and Nearby

 

The cheapest available apartment rental in Monroe, IN is a 1 Bed unit found at The Meridian in the Southeast Fort Wayne neighborhood priced from $550. Apple Glen has the second lowest priced unit, which is a 2 Beds apartment currently listed from $569. Here is today’s list of the most affordable Monroe apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The MeridianStandard 1 BED | 1 BATH - SM Flat1BR,1BA$550
Apple Glen2 Bedroom Unit2BR,1BA$569
Villa Capri ApartmentsPrato1BR,1BA$589
Fulton Manor - Utilities IncludedStudioStudio,1BA$615
Woodhaven OaksEfficiency1BR,1BA$675
Emerald Square Apartments & Villas1 Bedroom A1BR,1BA$675
River Pointe TownhomesCozy Corner! Your Perfect 1 Bedroom Apartment!1BR,1BA$699
Black Pine Flats1BR/1BA Classic1BR,1BA$725
Hickory Creek1 Bedroom Flat1BR,1BA$750
Adam & Bruce Senior Housing ApartmentsEfficiencyStudio,1BA$759

Best Value Apartments for Rent in Monroe, IN and Nearby

As of March 23, 2025 the best value apartment in the Monroe area is the $0.93 price per square foot CLA 3BR/2.5BA TH W/Patio Model at Coventry Court Townhomes in the in the Southwest Fort Wayne neighborhood starting from $1,450. The second greatest value Monroe apartment is the 2 Bedroom | Renovated Model at The Village at Wayne Trace Homes starting at $1,450 with a $1.09 price per square foot in the Southeast Fort Wayne neighborhood. Here is today’s list of the best values for Monroe apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Coventry Court TownhomesCLA 3BR/2.5BA TH W/Patio3BR,2.5BA$0.93
The Village at Wayne Trace Homes2 Bedroom | Renovated2BR,2BA$1.09
Fairview CourtTwo Bedroom Townhome2BR,1.5BA$0.93
South Bridge ApartmentsTwo Bedroom, Two Bath Full size2BR,2BA$1.10
Woodhaven OaksTippecanoe2BR,2BA$1.05
Villa Capri ApartmentsPrato1BR,1BA$0.81
Apple Glen1 Bedroom Unit1BR,1BA$0.85
Emerald Square Apartments & Villas1 Bedroom A1BR,1BA$1.04
Bluffton Park ApartmentsSpecial Offer with signed lease ONE MONTH FREE!!1BR,1BA$1.24
River Pointe TownhomesCozy Corner! Your Perfect 1 Bedroom Apartment!1BR,1BA$1.18

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Pet Friendly Lifestyle
Monroe, IN

Ranked #140

Among cities in Indiana for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Monroe, IN Rentals by Map

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See the most popular apartments and homes in Monroe, IN

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Getting Around Monroe, IN

Walk Score®

8 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

28 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 Monroe Apartments

What is the Cheapest Studio apartment in Monroe?

Currently the most affordable Cheap Studio Apartment in Monroe is at Fulton Manor - Utilities Included listed at $615.

How much is rent for a Cheap One Bedroom Monroe Apartment?

The lowest price for a Cheap One Bedroom Monroe Apartment is $550 at The Meridian.

What is the lowest price for a Cheap Two Bedroom Monroe Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Monroe is starting from $569 at Apple Glen.

What is the most affordable Monroe Three Bedroom Apartment?

The best deal on a cheap Monroe Three Bedroom Apartment rental is at Villa Capri Apartments and starts from $806.

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.