South Monroe, MI Rental Market Trends
Highlights
The average rent for an apartment in South Monroe is $775, a 1% increase compared to the previous year, when the average rent was $766.
Average Rent in South Monroe, MI
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $775 | 1% | 942 sq. ft. |
The average size for a South Monroe, MI apartment is 942 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.
South Monroe, MI Apartment Rent Ranges
- $501-$7009%
- $701-$1,00091%
South Monroe, MI Occupied Housing Units
- Renter-occupied Households44%
- Owner-occupied Households55%
1,275 or 44% of the households in South Monroe, MI are renter-occupied while 1,565 or 55% are owner-occupied.
South Monroe, MI Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| South Monroe, MI | $720 | $743 | $756 | $758 | $758 | $747 | $766 | $783 | $776 | $775 |
| National | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
How South Monroe Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Grand Rapids | $1,082 | 5% |
| East Lansing | $1,294 | n/a |
| Detroit | $1,069 | 1% |
| Ann Arbor | $1,580 | 3% |
| Lansing | $880 | 3% |
| Toledo | $736 | 4% |
| Warren | $835 | 4% |
| Brownstown | $875 | 5% |
| Monroe | $758 | 4% |
| Milan | $886 | 2% |
| South Monroe | $775 | 1% |
For more information about the South Monroe rental trends, check out our monthly rent report
Check out Michigan Cities, Michigan Neighborhoods and Michigan Zip Codes for more details on verified listings, including the Michigan Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!