Monroe, MI Rental Market Trends
The average rent for an apartment in Monroe is $758, a 4% increase compared to the previous year, when the average rent was $729.
Average Rent in Monroe, MI
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$758||4%||845 sq. ft.|
The average size for a Monroe, MI apartment is 845 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. 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.
Monroe, MI Apartment Rent Ranges
- < $5001%
Monroe, MI Occupied Housing Units
- Renter-occupied Households38%
- Owner-occupied Households61%
3,146 or 38% of the households in Monroe, MI are renter-occupied while 4,953 or 61% are owner-occupied.
Monroe, MI Rent Trends
|Mar / 2017||Jul / 2017||Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Feb / 2020|
How Monroe Compares to Other Cities
|Average Rent||Y-o-Y Change|
For more information about the Monroe rental trends, check out our monthly rent report
Curious about listings in your area? Check out our apartments near you for more details!