close
View Me
Cheap Apartments for Rent in the Monterey Neighborhood of Orlando, FL from $500 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in the Monterey area of Orlando.
close
View Me
from $8951 Bedroom Apartments Contact Us For Availability
El Dorado Senior Apartments 55 or Over
5520 Casa Blanca LnOrlando, FL 32807
close
View Me
close
View Me
close
View Me
Orlando's Best Affordable Neighborhoods
Learn about Orlando and the best places to live with original content written by our Local Expert Darla F
Showing Results 1-5, Page 1 of 1
Monterey, Orlando, FL Local Guide
How much does it cost to rent an apartment in Monterey?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monterey Studio Apartments | $1,680 | $1,175 | $2,198 |
| Monterey 1 Bedroom Apartments | $1,715 | $543 | $3,843 |
| Monterey 2 Bedroom Apartments | $2,070 | $1,086 | $5,971 |
| Monterey 3 Bedroom Apartments | $2,302 | $1,255 | $3,871 |
Browse Apartments in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Monterey Neighborhood of Orlando, FL.
See all Apartments in OrlandoExplore Orlando
Monterey, Orlando, FL Local Guide
- Nearby Orlando neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| HOLLOW BROOK | 1 Bedroom 1 Bathroom | 1BR,1BA | $543 |
| Royal Isles | The Shenandoah | 1BR,1BA | $1,123 |
| Barber Park Apartments | Laketree | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Canopy Apartment Villas | C2TR | 3BR,2BA | $1.70 |
| Avery Place Villas | The Robellini | 3BR,2BA | $1.65 |
| HOLLOW BROOK | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.38 |
| Cypress Run | The Oak | 2BR,2BA | $1.86 |
| Royal Isles | The Savannah | 2BR,2BA | $1.85 |
| The Oasis at Crosstown | Allure | 1BR,1BA | $1.99 |
| Cadence Crossing | Our one bedroom premier units are on fire! Appl... | 1BR,1BA | $1.81 |
| Bridgewater by Trion Living | 1 Bedroom | 1BR,1BA | $1.87 |
| Dover Gardens | New Lower Rent!! | 1BR,1BA | $1.98 |
| Rosehill Preserve | ASTER | 1BR,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.
Let everyone know!
Do you know the Monterey area?
If you’re an expert on all things Monterey, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleMonterey, Orlando, FL
Ranked #111
Among neighborhoods in Orlando, FL for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Monterey, Orlando, FL
School data provided by Great Schools
Best Local Schools in Monterey, Orlando, FL
School data provided by Great Schools
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.
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.
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.