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Rental Market Trends in Monroe, LA

What is the average rent in Monroe, LA?

$847/month

Average Rent

701 Sq Ft

Average Apartment Size

+5%

Increase in the Last Year

As of January 2026, the average rent in Monroe, LA is $847 per month. This is 48% lower than the national average rent of $1,624/month, making renting in Monroe more affordable than most cities in the US. When you rent an apartment in Monroe, you can expect to pay about $575 per month for a studio, $847 for a one-bedroom apartment, and around $1,066 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,111 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$575/month
394 Sq Ft
One Bedroom
$847/month
701 Sq Ft
Two Bedroom
$1,066/month
1,027 Sq Ft
Three Bedroom
$1,111/month
1,034 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$769/month
554 Sq Ft
Three Bedroom
$1,345/month
1,156 Sq Ft
Four Bedroom
$2,836/month
2,176 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$808/month
837 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Monroe, LA?

In the past year, rent has increased by 5%, which averages out to $43 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 January 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Monroe, LA
Last Updated January 2026
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Monroe, LA
Percentage*
Rent Range
23% Below $700/month
49% $700 - $1,000/month
13% $1,001 - $1,500/month
11% $1,501 - $2,000/month
4% Above $2,000/month

What salary do I need to live comfortably in Monroe, LA?

Because the average rent in Monroe is $847, you’ll want to make about $2,823 per month or $33,876 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.

Cost of Living

The cost of living in Monroe, LA is 8.2% lower than the national average. Generally, housing in Monroe is 26.0% less expensive than the national average, with rent falling between $575 - $1,111. You can expect to pay 3.8% less for groceries, 24.4% less for utilities, and 3.9% less for transportation.

City

Monroe, LA

462 Available Apartments for Rent

Search for Nearby Apartments

How does Monroe, LA compare to other nearby cities and neighborhoods?

Use the tool below to compare Monroe, LA 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 Monroe, LA

Apartment Averages

Nearby City Rent Trends

  • West Monroe Average Rent

Apartment communities in Monroe we think you'll love

The Reserve on Bayou DeSiard

The Reserve on Bayou DeSiard

6568 Highway 165,
Monroe, LA 71203

$1,712 - $2,872

1-3 Beds

Seasons & Woodale Apartments

Seasons & Woodale Apartments

323 Woodale Dr,
Monroe, LA 71203

$900 - $1,120

1-2 Beds

Ashford Place

Ashford Place

107 Ashford Dr,
West Monroe, LA 71291

$1,279

1-3 Beds

Venable Place

Venable Place

187 Venable Ln,
Monroe, LA 71203

$1,675

2 Beds

Property Management Companies in Monroe, LA

RAM Partners
RAM Partners
  • 291

    Communities

  • 77,340

    Units

  • 168

    Cities

1 Community in Monroe
Alexander Forrest Investments, LLC
Alexander Forrest Investments, LLC
  • 95

    Communities

  • 10,338

    Units

  • 62

    Cities

1 Community in Monroe
Vintage Realty Company
Vintage Realty Company
  • 21

    Communities

  • 3,778

    Units

  • 11

    Cities

1 Community in Monroe
Kirkland Properties
Kirkland Properties
  • 13

    Communities

  • 1,677

    Units

  • 8

    Cities

1 Community in Monroe

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United States Louisiana Monroe 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 November 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity