Updated 4 Days Ago
Highlights
- Laundry facility
- Professional management
- Landscape and snow removal
- Kitchen equipped
Location
553 Monterey Dr, Orem, UT 84057, USA|Sharon
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Property Overview
500 Building Monterey Apartments offers strong value and a well-rounded living experience, with an 8.2 Zumper expert rating, competitive pricing, and an especially strong location score. It stands out for its laundry facility, professional management, kitchen-equipped units, landscape and snow removal, high-speed internet, and a quiet environment, making it a solid choice for renters who want convenience and dependable everyday features.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive
Great for
Work-from-home
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 580 sqft | $975 /mo | 2 units available | Perfect apartment nestled in Orem, close to shopping and everything else, it has easy access to pretty much everything you'll need! Don't let this one slip by. Rent: 975 Security Deposit: 975 1 bed 1 bath Onsite Laundry Refrigerator Oven Central Air Tenant pays all utilities except water and garbage NO SMOKING/NO PETS (Don't call to ask for an exception) If you have a good rental history, decent financials, and a clean criminal background, please call 720-210-5394. This home is professionally managed by Home Basics Real Estate. After seeing the home, you can apply at: https www homebasicspm com resources rental-listings EQUAL HOUSING OPPORTUNITY Home Basics Real Estate supports, and is committed to, equal housing opportunity. We do not discriminate against anyone on the basis of race, color, religion, sex, disability, familial status, national origin, or source of income. $30 Application Fee $150 Lease Initiation fee $100 Month-to-month fee if both parties agreed on terms | |
| 2BR/1.0BA | 2 bed | 1 bath | 700 sqft | $1,100 /mo | 2 units available | You'll love this condo! it is close to shopping, 5 min to the freeway, it has easy access to pretty much everything you'll need! Don't let this one slip by. Rent: $1100 Security Deposit: $1100 2 bed 1 bath Onsite Laundry Refrigerator Oven Central Air Tenant is responsible for Electricity, Gas, and internet Water, sewer, and garbage are included NO SMOKING/NO PETS If you have a good rental history, decent financials, and a clean criminal background, please call Call 801-802-7253 or text 720-606-6128. This home is professionally managed by Home Basics Real Estate. To see our rental criteria, please follow this link: https www homebasicspm com resources rental-criteria EQUAL HOUSING OPPORTUNITY Home Basics Real Estate supports, and is committed to, equal housing opportunity. We do not discriminate against anyone on the basis of race, color, religion, sex, disability, familial status, national origin, or source of income. $35 Application Fee $150 Lease Initiation fee $100 Month-to-month fee if both parties agreed on terms |
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Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
Building details
Property details
| Units | 24 |
|---|
About 500 Building Monterey Apartments
You'll love this condo! it is close to shopping, 5 min to the freeway, it has easy access to pretty much everything you'll need! Don't let this one slip by. Rent: $1100 Security Deposit: $1100 2 bed 1 bath Onsite Laundry Refrigerator Oven Central Air Tenant is responsible for Electricity, Gas, and internet Water, sewer, and garbage are included NO SMOKING/NO PETS If you have a good rental history, decent financials, and a clean criminal background, please call Call 801-802-7253 or text 720-606-6128. This home is professionally managed by Home Basics Real Estate. To see our rental criteria, please follow this link: https www homebasicspm com resources rental-criteria EQUAL HOUSING OPPORTUNITY Home Basics Real Estate supports, and is committed to, equal housing opportunity. We do not discriminate against anyone on the basis of race, color, religion, sex, disability, familial status, national origin, or source of income. $35 Application Fee $150 Lease Initiation fee $100 Month-to-month fee if both parties agreed on terms
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.2
/10
Very GoodWith a solid 8.2 out of 10 overall, 500 Building Monterey Apartments is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, 500 Building Monterey Apartments has a number of attractive features—namely its Location— so you can be assured your rent will come with a high standard of living.
Price·8A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Scoring a 8/10, 500 Building Monterey Apartments is a great option for renters looking for apartments in Sharon. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, 500 Building Monterey Apartments is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
500 Building Monterey Apartments is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·8A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
Anyone looking for quality at a great value will find 500 Building Monterey Apartments to be an attractive option. Renters can also rely on this rental to provide them with accurate information they need to find the living experience they desire.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
500 Building Monterey Apartments is great for:
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 500 Building Monterey Apartments compares to other nearby properties.
Positives
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
Considerations
- Distance from transit
- More than 1.4 miles from public transportation
- Greater distance from grade schools
- The nearest elementary school is farther than 0.5 miles away
- Greater distance from middle schools
- The nearest middle school is farther than 0.7 miles away
- Distance from grocery stores
- The nearest grocery store is 4.2 miles away
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Rent trends in Sharon
If you decide to upgrade your space, you can expect 2-bedrooms at 500 Building Monterey Apartments to be 19% less than the average for similarly sized apartments in Sharon.
Median rents as of Oct 17 2026.
Sharon
Orem
| Month | Median Rent |
|---|---|
| November 2024 | $1,383 |
| December 2024 | $1,399 |
| January 2025 | $1,347 |
| February 2025 | $1,337 |
| March 2025 | $1,361 |
| April 2025 | $1,327 |
| May 2025 | $1,345 |
| June 2025 | $1,346 |
| July 2025 | $1,298 |
| August 2025 | $1,299 |
| September 2025 | $1,310 |
| October 2025 | $1,301 |
| November 2025 | $1,310 |
| December 2025 | $1,338 |
| January 2026 | $1,332 |
| February 2026 | $1,329 |
| March 2026 | $1,317 |
| April 2026 | $1,325 |
| May 2026 | $1,325 |
| June 2026 | $1,325 |
| July 2026 | $1,343 |
| August 2026 | $1,340 |
| September 2026 | $1,331 |
| October 2026 | $1,299 |
| Month | Median Rent |
|---|---|
| November 2024 | $1,260 |
| December 2024 | $1,231 |
| January 2025 | $1,200 |
| February 2025 | $1,172 |
| March 2025 | $1,195 |
| April 2025 | $1,169 |
| May 2025 | $1,117 |
| June 2025 | $1,231 |
| July 2025 | $1,400 |
| August 2025 | $1,320 |
| September 2025 | $1,257 |
| October 2025 | $1,314 |
| November 2025 | $1,302 |
| March 2026 | $1,285 |
| April 2026 | $1,325 |
| May 2026 | $1,325 |
| June 2026 | $1,325 |
| July 2026 | $1,325 |
| August 2026 | $1,340 |
| September 2026 | $1,399 |
| October 2026 | $1,350 |
Affordability calculator
Can I afford to live at 553 Monterey Dr?
Bedrooms
Rent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$39,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $39,000 annually to afford this 1-bedroom monthly rent price of $975.
For more information on rent affordability, visit our rent calculator.
Schools near 500 Building Monterey Apartments
Sharon Elementary School
525 n 400 e
orem, UT, 84097
PK, K-6Public
B-
Parkside Elementary School
658 w 150 north
orem, UT, 84057
PK, K-6Public
Utah School for the Deaf - Elizabeth DeLong School of the Deaf
424 s 350 e
orem, UT, 84058
PK, K-12Public
Centennial Elementary School
450 s 400 east
orem, UT, 84097
PK, K-6Public
B+
Trailside Elementary School
452 n vineyard loop rd
vineyard, UT, 84058
PK, K-6Public
Neighborhood
Sharon | Orem, UT
Getting around Orem near 553 Monterey Dr
Walking
6/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
7/10
This area is close to freeways and has adequate parking options.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 553 Monterey Dr, Orem
Groceries
8/10
At least one grocery store within a few minutes' walk
Shopping
6/10
Variety of shops within walking distance
Cafes
5/10
Some cafés within walking distance
Restaurants
5/10
Some restaurants within walking distance
Primary schools
7/10
At least one elementary school within a 20-minute walk
High schools
3/10
No high schools within a 30-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
1/10
Few or no bars within walking distance
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