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The phrase "a small monthly amount" is correct and usable in written English.
You can use it when referring to a specific, minor sum of money that is paid or received on a monthly basis.
Example: "The subscription fee is just a small monthly amount that can easily fit into your budget."
Alternatives: "a modest monthly fee" or "a minor monthly charge".
Exact(1)
In fact, health insurance and a small monthly amount to assist with the child's living expenses are often provided until the child turns 18 years of age.
Similar(58)
This can be a lump sum or a smaller monthly amount.
"It may seem like borrowers are spending only a small monthly sum, but the interest charged on their balance means the total amount they pay back skyrockets".
We add it on to their rent in small monthly amounts so it is affordable (without a premium).
Off-Grid, like several of its competitors, finances the panels, so that people can pay the same small monthly amounts they were paying for kerosene.
He receives a small monthly Social Security disability income.
They only charge a small monthly fee.
In monthly unlimited plans, you prepay a flat monthly amount.
Verizon said this would cost an additional, unspecified monthly amount.
It has launched an e-petition calling for such a salary sacrifice scheme under which parents would exchange a small amount of their monthly salary for vouchers that could be used at participating shops.
To ensure accountability, inmates are tracked by computer 24 hours a day, and are offered what amount to small monthly bonuses for good work or study.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com