Monrovia, CA Rental Market Trends
Highlights
The average rent for an apartment in Monrovia is $2,295, a 8% increase compared to the previous year, when the average rent was $2,127.
Average Rent in Monrovia, CA
Last updated November 2019
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $2,295 | 8% | 783 sq. ft. |
The average size for a Monrovia, CA apartment is 783 square feet, but this number varies greatly depending on apartment type. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Monrovia, CA Apartment Rent Ranges
- $1,501-$2,00045%
- > $2,00055%
Monrovia, CA Occupied Housing Units
- Renter-occupied Households31%
- Owner-occupied Households68%
4,073 or 31% of the households in Monrovia, CA are renter-occupied while 8,927 or 68% are owner-occupied.
Monrovia, CA Rent Trends
| Average Rent | Jul / 2016 | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Nov / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Monrovia, CA | $1,845 | $1,893 | $1,882 | $1,971 | $2,180 | $2,168 | $2,127 | $2,221 | $2,371 | $2,295 |
| National | $1,342 | $1,350 | $1,346 | $1,378 | $1,380 | $1,383 | $1,418 | $1,427 | $1,431 | $1,466 |
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How Does Monrovia Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Los Angeles | $2,556 | 5% |
| Long Beach | $2,073 | 5% |
| Santa Monica | $3,789 | 3% |
| West Hollywood | $2,738 | 6% |
| Inglewood | $1,856 | 10% |
| Glendale | $2,569 | 3% |
| Burbank | $2,397 | 13% |
| Pasadena | $2,553 | n/a |
| Lancaster | $1,308 | 3% |
| Monrovia | $2,295 | 8% |
For more information about the Monrovia rental trends, check out our monthly rent report
Cheapest Listings on RENTCafé
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Monrovia apartment buildings 50 units or larger. Yardi Matrix covers ~90% of the U.S. metro area population, including ~17 million apartments across more than 130 U.S. markets.