Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
South Monroe, MI Rental Market Trends
What is the average rent in South Monroe?
The average rent for an apartment in South Monroe is $917. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in South Monroe, MI
Last updated May 2022
| Average Rent | Average Apartment Size |
|---|---|
| $917 | 942 sq. ft. |
What is the average apartment size in South Monroe?
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
South Monroe, MI Occupied Housing Units
1,168 or 40% of the households in South Monroe, MI are renter-occupied while 1,728 or 59% are owner-occupied.
South Monroe, MI Rent Trends
| Average Rent | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | May / 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| South Monroe, MI | $766 | $783 | $776 | $775 | $790 | $828 | $844 | $893 | $909 | $917 |
| National | $1,367 | $1,399 | $1,407 | $1,409 | $1,399 | $1,403 | $1,412 | $1,495 | $1,591 | $1,628 |
How South Monroe Compares to Other Cities
| City | Average Rent |
|---|---|
| Detroit | $1,166 |
| Grand Rapids | $1,324 |
| East Lansing | $1,429 |
| Lansing | $990 |
| Ann Arbor | $1,789 |
| Toledo | $835 |
| Southfield | $1,201 |
| Farmington Hills | $1,337 |
| Kalamazoo | $1,144 |
| Pontiac | $975 |
| Owosso | $738 |
| Canton | $1,361 |
| Royal Oak | $1,304 |
| Novi | $1,487 |
| Westland | $1,029 |
| Ypsilanti | $1,336 |
| Perrysburg | $1,278 |
| Romulus | $1,079 |
| Brownstown | $1,044 |
| Monroe | $922 |
| South Monroe | $917 |
Most Popular Apartments in South Monroe
Greenwycke Crossings
6112 Greenwycke Lane, Monroe Township, MI 48161- 1 BED
- 2 BEDS
- 3 BEDS
- $950+
- $1,305+
- $1,355+
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 South Monroe apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.