2

Monterey, TN Homes for Rent

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  • /19

    $2,000 Per Month

    • 3 Beds
    • 2 Baths
    • 1,288 Sq Ft
    • Condo for Rent

    218 E Peter Ave, Monterey, TN 38574

    Pioneering the perfect blend of serenity and modern comfort, 218 Peter Avenue in Monterey, TN, stands as a charming retreat ready to welcome you home. This delightful 3-bedroom, 2-bathroom residence offers 1,288 square feet of thoughtfully designed living space, perfect for those seeking a peaceful escape from the everyday hustle. The open layout fosters a sense of community and togetherness,

    218 E Peter Ave, Monterey, TN 38574
  • /21

    $2,000 Per Month

    • 3 Beds
    • 2 Baths
    • 1,285 Sq Ft
    • Condo for Rent

    204 E Peter Ave, Monterey, TN 38574

    Escape into a serene retreat at 204 Peter Ave, Monterey, TN 38574, where comfort meets convenience in this charming 3-bedroom home. Nestled in a peaceful neighborhood, this delightful rental offers a spacious 1,285 sq ft of living area, perfect for relaxation and rejuvenation. Enjoy the ease of two full bathrooms, designed to cater to your everyday needs with style and functionality. The open

    204 E Peter 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 $2,000 per month, though prices vary by neighborhood, size, and property type. As of August 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 $80,000 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 $2,000 per month in Monterey, TN, renters typically need to show $6,000 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 12.9, 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 Home Trends

Number of Homes for Rent
2
Median Rent
$2,000
Median Single Family Home Rent
$2,000
How to Rent a Home