
Cheap Apartments for Rent in the Monterrey Terrace Neighborhood of Renton, WA from $700 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the Monterrey Terrace area of Renton.


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Alaire Apartment Homes
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Seattle's Best Affordable Neighborhoods
Learn about Seattle, WA and the best places to live with original content written by our Local Expert Sharon Stallings
Monterrey Terrace, Renton, WA Local Guide

How much does it cost to rent an apartment in Monterrey Terrace?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Monterrey Terrace Studio Apartments | $1,672 | $1,100 | $2,066 |
Monterrey Terrace 1 Bedroom Apartments | $2,079 | $1,325 | $5,101 |
Monterrey Terrace 2 Bedroom Apartments | $2,620 | $1,583 | $6,091 |
Monterrey Terrace 3 Bedroom Apartments | $3,015 | $1,818 | $7,244 |
Monterrey Terrace 4 Bedroom Apartments | $3,803 | $3,295 | $5,060 |
Browse Apartments in this Neighborhood
There are currently 21 rentals with your search options within a 2 mile radius of the Monterrey Terrace Neighborhood of Renton, WA.
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Monterrey Terrace, Renton, WA Local Guide
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Cheapest Available Monterrey Terrace Apartments for Rent
 The cheapest available apartment rental in the Monterrey Terrace area of Seattle, WA is a Studio unit found at Riviera Apartments priced from $1,100. Maplewood Park has the second lowest priced unit, which is a Studio apartment currently listed from $1,468. Here are the most affordable Monterrey Terrace apartments for rent in Seattle, WA:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Riviera Apartments | Studio Layout 1 | Studio,1BA | $1,100 |
Maplewood Park | STDO | Studio,1BA | $1,468 |
Constellation | Vela | 1BR,1BA | $1,470 |
Alaire Apartment Homes | One Bedroom, One Bathroom (620 sq ft) | 1BR,1BA | $1,499 |
RENTON SAGE APARTMENTS | 1x1 Classic | 1BR,1BA | $1,508 |
Best Value Apartments for Rent in Monterrey Terrace, WA
As of April 21, 2025 the best value apartment in the Monterrey Terrace area is the $2.29 price per square foot Two Bedroom 1044 Model at The Fulton Apartments in the in the Highlands Park neighborhood starting from $2,395. The second greatest value Monterrey Terrace apartment is the Plan B2 Model at Crown Pointe starting at $1,795 with a $2.07 price per square foot in the Highlands Park neighborhood. Here is today’s list of the best values for Monterrey Terrace apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Fulton Apartments | Two Bedroom 1044 | 2BR,2BA | $2.29 |
Crown Pointe | Plan B2 | 2BR,2BA | $2.07 |
Woodcliffe Apartment Homes | The Cascade | 2BR,1BA | $2.50 |
Peak 88 | 2x1 | 2BR,1BA | $2.40 |
Astra | Capella | 1BR,1BA | $2.30 |
Heritage Grove | 1x1 | 1BR,1BA | $2.22 |
Highland Palms | 2BR/1.0BA | 2BR,1BA | $2.37 |
RENTON SAGE APARTMENTS | 1x1 Classic | 1BR,1BA | $2.39 |
Alaire Apartment Homes | One Bedroom, One Bathroom (620 sq ft) | 1BR,1BA | $2.42 |
Constellation | Vela | 1BR,1BA | $2.37 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleMonterrey Terrace, Renton, WA
Ranked #18
Among neighborhoods in Renton, WA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Monterrey Terrace, Renton, WA
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities and towns across the United States including Monterrey Terrace, Renton, and the greater Seattle area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for easy access to the parks, luxury amenities, features that make it easier to raise kids, raising pets, transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Monterrey Terrace Apartments
What is a cheap apartment in Monterrey Terrace?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Monterrey Terrace is under $1,599.
What is the price of a cheap apartment in Monterrey Terrace?
The cheapest apartment in Monterrey Terrace is Riviera Apartments which is listed at $1,325, while the average apartment in Monterrey Terrace costs $3,429.
What types of apartments are the cheapest in Monterrey Terrace?
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 14 regular apartments in Monterrey Terrace 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 Monterrey Terrace?
Cheap apartments in Monterrey Terrace have an average cost of $784 which is $2,645 cheaper than the average rent for all rentals in Monterrey Terrace.
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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I'm Sharon, your ApartmentHomeLiving.com Local Expert for Seattle, Washington. My husband, two children, and I moved to West Seattle in 1995.

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Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.