Monroe, NC Rental Market Trends
Last updated: April 23, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Monroe is $1,524, a 2.2% increase compared to the previous year, when the average rent was $1,491.
One-bedroom apartments provide 675 square feet for $1,295, balancing privacy and affordability.
Two-beedroom units at $1,557 offer 1,013 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,456 sq ft) for $1,825, suitable for larger households.
Average rent in Monroe, NC
Last updated: April 23, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,524 | 984 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,295 | 675 sq. ft. |
| 2 Beds | $1,557 | 1,013 sq. ft. |
| 3 Beds | $1,825 | 1,456 sq. ft. |
Monroe, NC rent trends
Rental prices in Monroe, NC have increased by 2.2% over the past year. The average rent moved from $1,491 to $1,524.
What's the typical rent budget in Monroe, NC?
The largest share of rentals in Monroe, NC (46%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Monroe, NC?
5,020 or 42% of the households in Monroe, NC are renter-occupied while 7,061 or 58% are owner-occupied.
How Monroe Compares to Other Cities
| City | Average Rent |
|---|---|
| Monroe | $1,524 |
| Charlotte | $1,659 |
| Raleigh | $1,560 |
| Fayetteville | $1,284 |
| Winston - Salem | $1,280 |
| Durham | $1,527 |
| Greensboro | $1,329 |
| Hickory | $1,452 |
| Concord | $1,533 |
| Asheville | $1,660 |
| Wilmington | $1,635 |
| Huntersville | $1,717 |
| Rock Hill, SC | $1,460 |
| Fort Mill, SC | $1,709 |
| Kannapolis, NC | $1,571 |
| Indian Trail, NC | $1,715 |
| Davidson, NC | $1,833 |
| Belmont, NC | $1,568 |
| Lancaster, SC | $1,002 |
| Pineville, NC | $2,157 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Monroe apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.