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 offers a favorable living experience, highlighted by its impressive Zumper expert rating of 9 out of 10 and a competitive pricing score of 10 out of 10, indicating excellent value for the amenities provided. Residents can enjoy features such as a laundry facility and professional management, along with a prime location that garners a 9 out of 10 rating for convenience. This property ranks in the 75th percentile for value compared to local options, showcasing its appeal for discerning renters.
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- Laundry available on site
Great for
Work-from-home
Floor plans
| 2BR/1.0BA | 2 bed | 1 bath | 700 sqft | $1,175 /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: $1,175 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 720-210-5394. 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
No pets allowed.
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: $1,175 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 720-210-5394. 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.
9.0
/10
Excellent500 Building Monterey Apartments is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Amenities, which help to make this rental a great place to call home.
Price·10A 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.
500 Building Monterey Apartments offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
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
- 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
- Greater distance from grade schools
- The nearest elementary school is farther than 0.5 mile away
- Greater distance from middle schools
- The nearest middle school is farther than 1 mile away
- 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 10% less than the average rent price for 2-bedroom apartments in Sharon.
Median rents as of Sep 6 2025.
Sharon
Orem
| Month | Median Rent |
|---|---|
| September 2023 | $1,367 |
| October 2023 | $1,361 |
| November 2023 | $1,304 |
| December 2023 | $1,354 |
| January 2024 | $1,362 |
| 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 | $1,325 |
| Month | Median Rent |
|---|---|
| September 2023 | $1,262 |
| October 2023 | $1,193 |
| November 2023 | $1,235 |
| December 2023 | $1,179 |
| January 2024 | $1,250 |
| 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 | $1,312 |
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
$47,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $47,000 annually to afford this 2-bedrooms monthly rent price of $1,175.
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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