Cheap Apartments for Rent in the Monterey Neighborhood of Orlando, FL from $500 (5 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Monterey area of Orlando.

close
View Me
Grove Park
1 to 2 Bedroom Apartments

Grove Park

5317-5325 Curry Ford RdOrlando, FL 32812
  • Utilities Included
close
View Me
Windward Apartments
1 Bedroom Apartments

Windward Apartments

1746 Bowen DrOrlando, FL 32822
  • Utilities Included

Orlando's Best Affordable Neighborhoods

Learn about Orlando and the best places to live with original content written by our Local Expert Darla F

Monterey, Orlando, FL Local Guide

Cheapest Available Monterey Apartments for Rent

 

The cheapest available apartment rental in the Monterey area of Orlando, FL is a 1 Bed unit found at HOLLOW BROOK priced from $543. Royal Isles has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,123. Here are the most affordable Monterey apartments for rent in Orlando, FL:

Apartment ListingModel NameBed/BathPriced From
HOLLOW BROOK1 Bedroom 1 Bathroom1BR,1BA$543
Royal IslesThe Shenandoah1BR,1BA$1,123
Barber Park ApartmentsLaketreeStudio,1BA$1,175

Best Value Apartments for Rent in Monterey, FL

As of March 22, 2025 the best value apartment in the Monterey area is the $1.70 price per square foot C2TR Model at The Canopy Apartment Villas in the in the Lake Underhill neighborhood starting from $2,276. The second greatest value Monterey apartment is the The Robellini Model at Avery Place Villas starting at $2,172 with a $1.65 price per square foot in the Lake Underhill 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.
The Canopy Apartment VillasC2TR3BR,2BA$1.70
Avery Place VillasThe Robellini3BR,2BA$1.65
HOLLOW BROOK2 Bedroom 2 Bathroom2BR,2BA$1.38
Cypress RunThe Oak2BR,2BA$1.86
Royal IslesThe Savannah2BR,2BA$1.85
The Oasis at CrosstownAllure1BR,1BA$1.99
Cadence CrossingOur one bedroom premier units are on fire! Appl...1BR,1BA$1.81
Bridgewater by Trion Living1 Bedroom1BR,1BA$1.87
Dover GardensNew Lower Rent!!1BR,1BA$1.98
Rosehill PreserveASTER1BR,1BA$2.03

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Monterey, Orlando, FL

Ranked #111

Among neighborhoods in Orlando, FL for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Lifestyle Ratings

Our team of engineers and researchers is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities across the United States, including Orlando. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for outdoor amenities like tennis courts, luxury amenities, transit availability, pet-friendly communities, apartment communities for the kids, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

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 $1,395.

What is the price of a cheap apartment in Monterey?

The cheapest apartment in Monterey is HOLLOW BROOK which is listed at $543, while the average apartment in Monterey costs $2,160.

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 312 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 $164 which is $1,996 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.

decorative image for An Orlando Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

An Orlando Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

Written by: Darla F

For many, Orlando is the place where you vacation, not live. However, this city, located in the central region of Florida, offers a vibrant tech community, plenty of outdoor activities, and some of the best schools in the country.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for What to Know About Fees and Fines When Renting article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.