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Rental Market Trends in Monmouth, OR

What is the average rent in Monmouth, OR?

$932/month

Average Rent

617 Sq Ft

Average Apartment Size

+0.3%

Increase in the Last Year

Monmouth, OR Rental Market Overview

The average rent in Monmouth, OR is $932 per month. This is 43% lower than the national average rent of $1,644/month, making renting in Monmouth more affordable than most cities in the US.

  • Studio apartments in Monmouth average $512 per month.
  • One-bedroom apartments in Monmouth average $932 per month.
  • Two-bedroom apartments in Monmouth average $1,197 per month.
  • Three-bedroom apartments in Monmouth average $1,670 or more per month.

Data Updated: June, 2026

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$512/month
0 Sq Ft
One Bedroom
$932/month
617 Sq Ft
Two Bedroom
$1,197/month
843 Sq Ft
Three Bedroom
$1,670/month
910 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Monmouth, OR?

In the past year, rent has increased by 0.3%, which averages out to $4 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Monmouth, OR
Last Updated June 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Monmouth, OR
Percentage*
Rent Range
0% Below $700/month
7% $700 - $1,000/month
79% $1,001 - $1,500/month
14% $1,501 - $2,000/month
0% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Monmouth?

Based on current rent prices, Monmouth/Independence is the most affordable neighborhood in Monmouth.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Monmouth/Independence
$1,519/month
696 Sq Ft

What are the most expensive neighborhoods in Monmouth?

Based on current rent prices, Monmouth/Independence is the most expensive neighborhood in Monmouth.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Monmouth/Independence
$1,519/month
696 Sq Ft

Which Monmouth neighborhoods have the most rentals available?

The neighborhood in Monmouth with the most apartments available is Monmouth/Independence .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Monmouth/Independence
$1,519/month
696 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Monmouth, OR?

Because the average rent in Monmouth is $932, you’ll want to make about $3,106 per month or $37,272 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Monmouth, OR

30 Available Apartments for Rent

Search for Nearby Apartments

How does Monmouth, OR compare to other nearby cities and neighborhoods?

Use the tool below to compare Monmouth, OR to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Monmouth, OR

Apartment Averages

Monmouth/Independence

Monmouth, OR

Monmouth/Independence

Monmouth, OR

Studio
$1,203/month
$1,203/month
One Bedroom
$1,345/month
$1,345/month
Two Bedroom
$1,450/month
$1,450/month
Three Bedroom
$1,806/month
$1,806/month
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Nearby City Rent Trends

  • Dallas Average Rent
  • Salem Average Rent

Apartment communities in Monmouth we think you'll love

Legacy Oaks Apartments

Legacy Oaks Apartments

675 White Oak Cir,
Independence, OR 97351

$1,558 - $1,958 Total Monthly Price

1-3 Beds | 12 Month Lease

2 bedroom - 2 bathroom unit

2 bedroom - 2 bathroom unit

300 Hoxton Ave,
Monmouth, OR 97361

$2,250 Total Monthly Price

3 Beds | 12 Month Lease

020-Creekside Apartments

020-Creekside Apartments

205 N Gun Club Rd,
Independence, OR 97351

$1,400

2 Beds

353 Brightwood Ct

353 Brightwood Ct

353 Brightwood Ct,
Monmouth, OR 97361

$11,388 Total Monthly Price

4 Beds

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United States Oregon Monmouth Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity