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Monterey, TN Home for Rent

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    $1,050 Per Month

    • 3 Beds
    • 1 Bath
    • 1,068 Sq Ft
    • Charming 3-Bedroom Home in the Heart of Monterey with Large Yard & Garage

    435 Lusk Ave, Monterey, TN 38574

    Located in the heart of Monterey, this 3-bedroom, 1-bath home offers a spacious layout, plenty of outdoor space, and convenient access to local shopping, dining, and everyday essentials.Inside, the home features a large living room with plenty of space to relax, entertain, or gather with family and friends. The functional layout provides comfortable everyday living, while the detached

    435 Lusk Ave, Monterey, TN 38574

Why Live in Monterey

Monterey, TN, known as Putnam County's mountain town, offers a serene lifestyle with abundant outdoor recreation. Surrounded by nine state parks within an hour's drive, residents enjoy hiking, mountain biking, and rock climbing. Local parks like Whitaker Park feature playgrounds, picnic shelters, and sports courts, while Bee Rock provides stunning views of the Cumberland Mountains. Meadow Creek Park, a 300-acre natural area, offers kayaking and fishing. Housing options range from century-old bungalows to modern Craftsman and New Traditional homes, often situated on spacious lots with towering trees. Rural properties can span 2 acres or more. Commercial Avenue hosts local eateries like Los Agaves and Laurel Mountain Bakery, with additional shopping and dining options in nearby Cookeville, just 15 miles away. Monterey High School offers career pathways in agriculture, IT, and health sciences, along with a JROTC program. Community events include the Monterey Farmers Market, Fire on the Mountain Independence Day Celebration, and the annual Christmas Parade. Historical sites like the Monterey Depot Museum and Standing Stone Monument reflect local heritage. Interstate 40 and state routes 62 and 84 provide easy commuting to Cookeville and Crossville, with Cookeville Regional Medical Center located 16 miles away.

Frequently Asked Questions

How much does it cost to rent a home in Monterey, TN?
The median rent for a home in Monterey, TN is $1,050 per month, though prices vary by neighborhood, size, and property type. As of June 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Monterey, TN?
To comfortably afford the median rent in Monterey, TN, a household needs to earn roughly $42,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,050 per month in Monterey, TN, renters typically need to show $3,150 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Monterey, TN?
In Monterey, TN, the price-to-rent ratio is 22.0, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Trends in Monterey, TN

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,050
Median Single Family Home Rent
$599
How to Rent a Home