
Cheap Homes for Rent in Monrovia, IN from $700 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Monrovia.


50 1/2 E Main St

61 E Washington St

66 E Main St

517 Gibbs St

59 E Washington St
Monrovia, IN Local Guide

How much does it cost to rent a home in Monrovia?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Monrovia 2 Bedroom Homes for Rent | $1,150 | $1,150 | $1,150 |
Monrovia 3 Bedroom Homes for Rent | $1,917 | $1,585 | $2,400 |
Monrovia 4 Bedroom Homes for Rent | $2,260 | $1,915 | $2,900 |
Monrovia 5 Bedroom Homes for Rent | $2,493 | $2,100 | $2,700 |
Browse Top Homes for Rent in Monrovia
Explore Monrovia
Monrovia, IN Local Guide
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Cheapest Available Monrovia Apartments for Rent and Nearby
 The cheapest available apartment rental in Monrovia, IN is a 2 Beds unit found at Harpers Crossing in the Avon Creek Estates neighborhood priced from $465. Stanley Terrace in the The Settlement - Designer neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $483. Here is today’s list of the most affordable Monrovia apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Harpers Crossing | 2 bdr | 2BR,1BA | $465 |
Stanley Terrace | Two Bedroom | 2BR,1BA | $483 |
Stafford Pointe | 1 BR/ 1 BA | 1BR,1BA | $860 |
Best Value Apartments for Rent in Monrovia, IN and Nearby
As of March 23, 2025 the best value apartment in the Monrovia area is the $1.33 price per square foot 3 BR/ 1.5 BA Townhouse Model at Stafford Pointe in the in the The Settlement - Designer neighborhood starting from $1,810. The second greatest value Monrovia apartment is the Forestwood Model at Redwood Danville starting at $1,723 with a $1.33 price per square foot in the Lizton Clayton neighborhood. Here is today’s list of the best values for Monrovia apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Stafford Pointe | 3 BR/ 1.5 BA Townhouse | 3BR,1.5BA | $1.33 |
Redwood Danville | Forestwood | 2BR,2BA | $1.33 |
Canyon Club at Perry Crossing | Copper (C1) | 2BR,2BA | $1.32 |
Saratoga Crossing Apartment Homes | The Savannah | 2BR,2BA | $1.43 |
Hillcrest Apartments | 2x1A R | 2BR,1BA | $1.24 |
Stanley Terrace | Two Bedroom | 2BR,1BA | $0.51 |
Crown Plaza | 2 Beds, 2 baths | 2BR,2BA | $1.45 |
Camby Crossing | 2x2 | 2BR,2BA | $1.39 |
Center Street Apartments | B1 | 2BR,1BA | $1.41 |
Harpers Crossing | 1 bdr | 1BR,1BA | $1.14 |
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Frequently Asked Questions about Monrovia
What type of rentals are currently available in Monrovia?
There are currently 40 Apartments for Rent in Monrovia, IN with pricing that ranges from $860 to $5,468. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monrovia ranging from $700 to $2,900.
What is the current price range for Rental Homes in Monrovia?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Monrovia ranges from $700 to $2,900 with an average monthly rent of $1,776.
How much are larger Three and Four Bedroom Rentals in Monrovia?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Monrovia range from $1,298 to $5,468, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,585 to $2,400. Four Bedroom Single-Family rentals are also available starting from $1,915 and Four Bedroom Apartments start at $1,418.
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.

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.

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.

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.

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.