5+ 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 features an overall Zumper rating of 8.4, indicating it as a great option for renters with a competitive pricing score of 8. This property offers impressive amenities, such as a laundry facility and professional management, complemented by a prime location rating of 9 for convenient access to key points of interest. Additionally, it has a quality and trustworthiness rating of 8, reflecting a high standard of living and reliable management.
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
High school nearby- Less expensive
- Laundry available on site
Great for
Work-from-home
Floor plans
| 2BR/1.0BA | 2 bed | 1 bath | 700 sqft | $1,150 /mo | 1 unit available | Welcome to our cozy 2-bedroom, 1-bathroom apartment located in the heart of Orem, UT. This apartment offers convenience with landscape and snow removal services included, as well as a laundry facility on the premises for your convenience. The kitchen is equipped with a dishwasher, refrigerator, and microwave, making meal prep and clean-up a breeze. Don't miss out on the opportunity to make this apartment your new home sweet home. Contact us today for more information on how to make this apartment yours. Year Built: 1970 Bedrooms: 2 Bathrooms: 1 Square Feet: 700 Rent amount: $1,150 Deposit is equal to one months rent NO PETS / NO SMOKERS If you have a good rental history, decent financials, and a clean criminal background, please call 801-802-7253. 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 |
Let's explore this property.
Amenities for 500 Building Monterey Apartments
Appliances
| Dishwasher | Laundry Facility on Premises |
| Microwave | Refrigerator |
Building
| Onsite Laundry |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
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 |
|---|
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About 500 Building Monterey Apartments
Welcome to our cozy 2-bedroom, 1-bathroom apartment located in the heart of Orem, UT. This apartment offers convenience with landscape and snow removal services included, as well as a laundry facility on the premises for your convenience. The kitchen is equipped with a dishwasher, refrigerator, and microwave, making meal prep and clean-up a breeze. Don't miss out on the opportunity to make this apartment your new home sweet home. Contact us today for more information on how to make this apartment yours. Year Built: 1970 Bedrooms: 2 Bathrooms: 1 Square Feet: 700 Rent amount: $1,150 Deposit is equal to one months rent NO PETS / NO SMOKERS If you have a good rental history, decent financials, and a clean criminal background, please call 801-802-7253. 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.
8.4
/10
Very GoodWith a solid 8.4 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 Amenities— 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·9A 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.
500 Building Monterey Apartments goes above and beyond to provide sought-after conveniences and desirable perks, including laundry facility on premises. Renters looking for popular or luxurious features will find them here—and for that reason, 500 Building Monterey Apartments receives one of the highest amenities scores.
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
- High school nearby
- There is a high school 1 mile away
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
- Laundry available on site
- Washers and dryers are available in-building or in-unit
Considerations
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Sharon
2-bedroom apartments at 500 Building Monterey Apartments cost about 11% less than the average rent price for 2-bedroom apartments in Sharon.
Median rents as of Jan 24 2026.
Sharon
Orem
| Month | Median Rent |
|---|---|
| February 2024 | $1,395 |
| March 2024 | $1,463 |
| April 2024 | $1,379 |
| May 2024 | $1,368 |
| June 2024 | $1,369 |
| July 2024 | $1,330 |
| August 2024 | $1,323 |
| September 2024 | $1,324 |
| October 2024 | $1,384 |
| 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 | $1,335 |
| Month | Median Rent |
|---|---|
| February 2024 | $1,399 |
| March 2024 | $1,340 |
| April 2024 | $1,307 |
| May 2024 | $1,295 |
| June 2024 | $1,366 |
| July 2024 | $1,297 |
| August 2024 | $1,230 |
| September 2024 | $1,254 |
| October 2024 | $1,250 |
| 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 |
Affordability calculator
Can I afford to live at 553 Monterey Dr?
Bedrooms
2 bedroomsRent-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
$46,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $46,000 annually to afford this 2-bedrooms monthly rent price of $1,150.
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-
Dan W. Peterson School
169 n 1100 e
american fork, UT, 84003
PK, K-12Public
Horizon School
682 w 210 n
saratoga springs, UT, 84045
PK, K-12Public
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Internet available near 500 Building Monterey Apartments
Neighborhood
Sharon | Orem, UT
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
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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