Apartments for Rent in Lake Monticello, VA

Prices and availability in Lake Monticello, VA were last updated on 24 Aug 2026.

The best apartment in Lake Monticello, VA is: The Coves at Monticello.

The price range for a 2-bedroom apartment in Lake Monticello, VA is between $1,245 and $1,794.

The price range for a 3-bedroom apartment in Lake Monticello, VA is between $1,424 and $1,859.

In Lake Monticello, 4% of the residents are renting compared to 96% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent none of Lake Monticello's rentals, 8% are small-scale complexes with under 50 units, and 92% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Lake Monticello are about 1 years old, on average. Of these, all have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Lake Monticello come in a range of sizes and floorplans. Studio apartments represent 0% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 0% of the total apartments in the city, while 2-bedroom floorplans represent around 74% of all rentals in Lake Monticello. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.