Apartments & Condos for Rent in Monroe, MI

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What to Know About

Life in Monroe & Beyond

Monroe shares many of the great qualities that make Michigan a desirable place to live.

Michigan is bordered by four Great Lakes, making it a popular destination for boating and water activities. Michigan is also home to many national parks, including Isle Royale National Park and Sleeping Bear Dunes National Lakeshore. Explore the state's rich heritage through visits to renowned museums such as the Henry Ford Museum and the Michigan Historical Museum or get an excellent education at top universities like Michigan State University and the University of Michigan. In addition, Michigan boasts a robust economy in the manufacturing, technology, and tourism industries.

The state provides numerous opportunities for thrills and excitement. From soaking in the stunning views of the Great Lakes to hitting the ski slopes in the nearby mountains, outdoor enthusiasts will find plenty to love. Additionally, Michigan is home to several sports teams, including the Detroit Lions (NFL), Detroit Red Wings (NHL), Detroit Tigers (MLB), and Detroit Pistons (NBA). Explore famous attractions like Mackinac Island, the Detroit Institute of Arts, and scenic Mackinaw City.

Michigan offers a high quality of life, a strong economy, and a welcoming community, making it a great place to live.

Rental Market Trends

Monroe, MI

As of March 2025, Monroe's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Monroe's average rent is 28.0% ($385) lower than the Michigan average of $1,376 and 44.6% ($797) lower than the U.S. average of $1,788.

Average Rent
$991
Monthly ChangeMonth Over Month Change
Increased2.1% ($20)
Yearly ChangeYear Over Year Change
Increased1% ($10)
Avg. Days on MarketAverage Days on Market
38
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $852 Decreased2.7% ($24) Increased6.8% ($54)
2 Beds $1,114 Increased0.6% ($7) Increased20.2% ($187)
3 Beds $1,427 Decreased2.9% ($42) Decreased10.3% ($164)
Nearby Cities Average Rent Avg. Rent vs. MonroeAverage Rent vs. Monroe Avg. Days on MarketAverage Days on Market
La Salle $876 Decreased11.6% ($115) 38 days
Newport $814 Decreased17.9% ($177) 39 days
Dundee $917 Decreased7.5% ($74) 35 days
Rockwood $1,449 Increased46.2% ($458) 38 days
Belleville $1,096 Increased10.6% ($105) 40 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Monroe Rental Market FAQs

Explore rental prices, market trends, and availability in Monroe, MI.

The average rent in Monroe, MI is $991 per month.
Apartments in Monroe typically rent for between $600 and $1,855 per month, with an average of $991 per month.
In Monroe, the average rent for a 1-bedroom apartment is $852 per month, for a 2-bedroom apartment, $1,114 per month, and a 3-bedroom apartment is $1,427 per month.
The average rent in Monroe is 44.6% ($797) lower than the national average of $1,788 per month.
The average rent in Monroe has increased by 2.1% ($20) in the last month and increased by 1.0% ($10) over the past year.
The rental market in Monroe, MI, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Monroe, MI, the average rental stays on the market for approximately 38 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 21 rental properties available in Monroe, MI.
Based on the current averages, a household would need an annual income of $44,560 to comfortably afford a 2-bedroom apartment in Monroe.
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